Pre-Nuptial Agreement: Before Marriage
A Pre-Nuptial Agreement (also known as a Pre-Marital Agreement) can be entered into by competent adults who are legally able to marry. This agreement can be done by the consent of both parties to the marriage with full knowledge of each other's financial situation. Its purpose is to protect certain aspects of each party's estates, property, or assets from the new obligations of marriage. Parties should take special care and consideration to ensure the enforceability of such agreements.
Post-Nuptial Agreement: After Marriage
A Post-Nuptial Agreement (also known as Post-Marital Agreement) can be entered into after marriage whenever disagreement arises between the parties regarding future financial issues. Such agreement must have consideration that is not based upon marriage.
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