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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.

Infidelity Clauses If the spouse cheats, then they can be ordered to pay a financial penalty if the marriage falls apart. You see these occasionally in celebrities' prenups. For example, Jessica Biel will reportedly receive $500,000 if Justin Timberlake has an extramarital affair.

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.

Prenuptial agreements or marriage contracts are not enforceable in any court in India. Such agreements have persuasive value only, that is, they show the intention of the parties entering into marriage regarding maintenance/alimony or division of assets at the time of entering a marriage.

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.

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.