Antenuptial (Prenuptial) Agreement Legal Meaning and Definition

Here is a simplified definition of the legal term Antenuptial (Prenuptial) Agreement.

Antenuptial (Prenuptial) Agreement (noun):

This is a legal contract signed by a couple before they get married or enter into a civil partnership. It specifies the way their assets (such as property, money, investments) will be divided if their marriage or partnership ends in divorce or dissolution. This agreement is often used to protect each partner's separate property, define what is considered marital property, support estate planning, and reduce conflicts and save money in case of divorce. This type of agreement doesn't evaluate or establish the value of assets, rather it determines who has ownership over them.