ANTENUPTIAL AGREEMENT – What is it?
An antenuptial agreement is a contract signed before marriage by parties who intend to marry each other out of community of property. In other words, each person wants to retain ownership of his or her own assets as opposed to pooling the assets to form one communal estate. If no such agreement is signed the husband and wife will automatically be married in community of property. The decision to enter into an antenuptial contract may have serious consequences. Both during the course of the marriage and in the event of its dissolution (whether on death or divorce) and it is therefor...
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