A prenuptial agreement (or prenup) outlines the property owned by both future spouses, as well as the property rights each party will have should the marriage end.
Not everyone needs a prenup, but more than 40% of U.S. adults have or plan to have one, according to Harris Poll. Prenups are especially pertinent if you want to keep your finances separate throughout the marriage or want greater control over high-value property, debt liability or family heirlooms.
In other words, they aren’t just for ultra-wealthy people. If you choose not to enter into a prenup, remember that your property will be divided using Arizona’s community property rules, which may or may not produce the outcome you intended.
After your wedding, you also have the option to enter into a postnuptial agreement to define your rights and obligations for property and money.