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How to Protect Assets with a Tennessee Prenup

🤔 What is a Prenuptial Agreement and Why Do You Need One in Tennessee? A prenuptial agreement, often called a "prenup," is a legally binding contract entered into by two individuals before they get married. It outlines how assets and debts will be divided in the event of a divorce or death. In Tennessee, with its unique property division laws, a prenuptial agreement can provide significant protection and peace of mind. Why is a prenup important in Tennessee? ⚖️ Separate vs. Marital Property: Tennessee is an "equitable distribution" state. This means that in a divorce, marital property (assets acquired during the marriage) is divided fairly, but not necessarily equally. A prenup can clearly define what constitutes separate property (assets owned before the marriage) and protect it from being subject to division. 💼 Business Ownership: If you own a business, a prenup can safeguard its future. It can prevent your spouse from claiming a share of t...