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A prenup is also a way to protect valuable assets you want to stay in your family. And, of course, if this is a second marriage for either of you, and there are already children in your life, think of your children or stepchildren. A prenup could make their lives a lot less complicated in case of a future divorce.

Protecting Assets You can stipulate how your assets will be shared in the case of a divorce by drafting a prenuptial agreement. By doing this, you can stop your spouse from claiming a portion of your possessions, which may have been accumulated before your marriage, through succession, or as gifts.

A prenuptial agreement is legally binding, and once you're married, it's hard to change it. Use your seven-day waiting period to read through all the clauses and talk over options with your lawyer. Don't rush this important process. During the negotiation process, be honest about all of your assets and debts.

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.

India has no law on prenuptial or post nuptial agreements. Such agreements are not common in India and are contrary to Indian customs and views about marriage. Nevertheless, the global publicity about celebrity prenuptial agreements is encouraging more affluent people to consider the idea in India.

Below are some guidelines for making a fair prenup: Equal Representation. Each partner should have equal representation during the negotiation process. Both parties should have their attorneys review the prenup and provide advice on its terms. Full Disclosure of Assets and Liabilities.