What Are The Consequences of Not Preparing a Prenup Agreement

As provided for by the law, a marriage is a special contract of permanent union that is legally binding between the spouses. A prenup agreement is one that sets the property rights for each spouse. With it, the laws on marriage may, as a default, establish certain rights of the spouses during their marriage.

Among the many things is the co-ownership of property acquired during marriage, and that the property will be subjected to equal distribution between the spouses the moment the marriage is dissolved. Further, it can make the provisions for the liabilities to be shouldered by the spouse during marriage. To say the least, it can be said that a prenup agreement is really beneficial.

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