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The main difference is timing ? prenups are done before marriage and postnups are done after. While both may be tough to enforce, postnups are sometimes seen as shakier, but may be the only way to address these matters after a couple is already married.

And the answer is yes; prenups can protect both existing and future assets. Prenups can cover a wide range of issues, from finances to marital obligations to the relationship itself. Some of the most common things covered in prenups include: Division of assets and debts in case of divorce (and sometimes death)

A prenup is a contract that is executed before marriage and can include many different topics, from keeping property separate to confidentiality. At its core, a prenup is designed to protect the individual assets of each spouse (if they want it to).

Prenups are primarily intended to protect assets that are owned at the time of the marriage but are typically a negotiation between both sides to find the right protection for each. Consider enlisting the services of a trusted financial advisor to help you create a prenup that best fits your needs.

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.

A prenup defines whether the assets you own like your house or car are separate property of one spouse or part of the marital estate. If you're considerably wealthier than your partner, a prenup is a good step towards ensuring that your partner isn't marrying you for your money.