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Legal Definitions - marriage settlement

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Definition of marriage settlement

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.

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Simple Definition

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.

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