Is It Really Better To Have A Prenup?
A prenuptial agreement (“prenup”) provides a snapshot in time of the assets of the parties’ at the time the parties get married. And, like all contracts, codifying the arrangement can have both beneficial and harmful consequences. A prenup may establish division of assets, and support obligations (e.g. alimony) often without any consideration of what may transpire in the future. Conversely, a prenup may also set ground rules as to division of property acquired during the marriage in the event of divorce.
