Passed in some states, it contains basic rules that apply to making a valid prenuptial agreement. Prenups are usually requested by the party that stands to lose the most money or property in the case of divorce. It allows for the less wealthy spouse to waive his or her interest in the other's property. These agreements are usually enforced as valid contracts unless the wealthier spouse did not reveal his or her total assets.
For more detailed information, see our related Family Law terms: