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Simple English definitions for legal terms
marriage settlement
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A quick definition of marriage settlement:
A marriage settlement is an agreement made between two people who are planning to get married. It is also called a marital agreement or prenuptial agreement. This agreement outlines how the couple's assets and property will be divided in case of a divorce or separation. It is like a plan that the couple makes before getting married to make sure that they both agree on how things will be handled if their marriage doesn't work out.
A more thorough explanation:
A marriage settlement is a legal agreement made between two people before they get married. It outlines how their assets and property will be divided in case of a divorce or separation. It is also known as a marital agreement or prenuptial agreement.
- John and Jane signed a marriage settlement before their wedding. They agreed that in case of a divorce, each would keep their own property and assets.
- Tom and Sarah decided to get a prenuptial agreement before their marriage. They agreed that if they ever got divorced, Sarah would keep the house and Tom would keep his business.
These examples illustrate how a marriage settlement can help couples protect their assets and property in case of a divorce or separation. It allows them to make decisions about their finances and property before getting married, which can prevent conflicts and legal battles in the future.
marriage records | married woman's separate estate in equity