Interests and Rights of the Parties

If you have not executed your own prenuptial agreement, then the parties run the risk of having their properties settled pursuant to the principle of equitable distribution. This may not be favorable to those who have large property holdings, or businesses that are jointly owned by the spouses. Thus, a prenup agreement has proven to be a more practical tool in marriage. Here are more reasons why the interests and rights of the parties must always be protected:

• The payment of debts is usually assigned to one or both parties, and the source of income is determined with more precision;
• The parties are usually given the joint right to manage and handle the properties, or a specific property is designated as separately owned;
• The spouses are ought to know the obligations that are attached to each property, as well as the taxes.

Back ↵