Check Spelling In Legal Ohio Premarital Forms For Free

A prenuptial agreement is a contract between two people who are engaged to be married that covers what happens to the individuals' assets (financial or otherwise) in the event of a divorce. Prenuptial agreements are governed by the 1983 Uniform Premarital Agreement Act.

The prenuptial agreement typically addresses items like the characterization of income during the marriage, division of financial responsibilities, day-to-day living expenses, property distribution, and even its own termination. Many couples are surprised to find out what may and may not be included in such agreements.

For example: If one partner started a business before the marriage, a prenup could indicate that any earnings obtained by the business after the couple married would go to the partner who originally owned the business.

The point of a prenup is to define each person's rights and responsibilities if the marriage ends?either through death or divorce. By outlining who keeps what, who pays for what and who's responsible for what, a prenup could help you protect your assets and shield you from your partner's debts.

Prenups should be reasonably fair. There doesn't need to be a perfectly equal division of assets, but prenups should also not leave someone with a bunch of debt and no assets, especially when they are staying home with the children and taking care of the house (i.e., they have no real way of earning an income).

A prenup, or prenuptial agreement, is a contract between two people that's created before they get married. It typically lists each person's assets, debts, and outlines how they'll be handled should the couple divorce later on.