oboloo Glossary

Drafting A Prenuptial Agreement

oboloo Glossary

Drafting A Prenuptial Agreement

Drafting a prenuptial agreement is the process of legally outlining the parameters of financial and non-financial assets, such as real estate or investments, in the event of divorce or death. This document concretely outlines the rights, privileges, obligations, and limitations of each party when it comes to property and other assets. It can also provide for family members, children from previous relationships, and potential alimony payments. A prenuptial agreement is not only beneficial from a legal standpoint but can also help put both parties on the same page when it comes to expectations with regards to their finances. Drafting a prenuptial agreement can be an effective way to protect your personal interests and ensure a secure future for you and your spouse.