A Premarital Agreement is a written agreement entered into by two people in contemplation of marriage and prior to legally marrying. The purpose of a Premarital Agreement is to predetermine how assets/debts are allocated and support is paid or waived in the event of a divorce. It is important to follow all of the laws related to Premarital Agreements.
A Postmarital Agreement is a written agreement entered into by two people who are already married. The purpose of a Postmarital Agreement is to determine how assets/debts are allocated and support is paid in the event of a divorce. The parties should not be contemplating a divorce when they enter into a postmarital agreement.
