Premarital Agreement (Pre-Nup)

A Premarital Agreement (aka “prenup”) is a contract between two people made in contemplation of marriage.  This contract will often identify the parties’ finances and property as well as how the parties will distribute their current and future property, assets, and debts in the event that the parties breakup or divorce.  The Arizona Uniform Premarital Agreement Act governs all forms of premarital agreements within the state of Arizona.  Since financial matters are often a leading cause of divorce, it may be a benefit to both parties to clearly identify their expectations in this regard before they are married.

Common reasons a person may consider a prenup include but are not limited to:

• A party is coming into the marriage with significantly more assets than the other
• Both parties have significant assets
• One party is retired
• One party is disabled
• Either party has children from a previous marriage or relationship
• One party does not intend on working during the marriage
• One of the parties owns a business
• One party is bringing substantial debt into the marriage
• One party will be supporting the other while the other attends school
• One party is expecting a significant inheritance
• One party is significantly older than the other