The definition of a prenup is short for prenuptial agreement, which is a document that says what will happen to the property of a married couple if the marriage ends due to divorce.
An example of a prenup is what a couple may write and sign before getting married.
- Because there is no prenup, the battle over McCartney's $1.5 billion fortune, as well as custody of two-year-old daughter, Beatrice, is bound to be bitter.
- With one in three marriages ending in divorce however, those with considerable assets would be well advised to give the prenup at least some consideration.
- Anyone who has assets such as real estate, stocks and bonds, or substantial savings would be wise to consider a prenup.
- A prenuptial agreement, or prenup, is a contract signed by the bride and groom- to -be prior to their wedding.
- A prenup might not be the most romantic proposition, but for those with assets, it couldn't hurt.