what is a prenup in marriage

A prenuptial agreement, or prenup for short, is a legal document created by two people before they get married. It typically lists all of the property each person owns and debts they owe, and it spells out each persons property rights during the marriage and in the event that they later get divorced. Prenups can be a valuable financial tool, and they allow couples to decide for themselves how they'll deal with their property. They can also help prevent legal disputes and possibly spare couples years of litigation and thousands of dollars in attorney's fees. Some prenups allow for lifestyle clauses, which outline instructions for anything from what would happen in the case of infidelity, all the way to custody arrangements for children and pets. A prenup can detail who keeps what, who pays for what, and who's responsible for what. If you're planning to get married, you may want to consider a prenup if your state's laws on marital or community property aren't to your liking. It's generally advised that couples work with financial and legal advisers on a prenup.