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KembaraXtra – Legal Terms – Marriage Settlement
A marriage settlement is a legal arrangement made between spouses concerning property and financial matters connected with their marriage.
A settlement made before marriage is known as an antenuptial or prenuptial settlement, while one created after marriage is called a postnuptial settlement. These arrangements often aim to protect family wealth or provide financial support for spouses and children.
Marriage settlements commonly involve transferring property into trust so that income may benefit one spouse while preserving the capital for the family or future generations.
Courts dealing with divorce or judicial separation possess powers to vary existing settlements or create new arrangements where fairness and the welfare of children require it.
A marriage settlement is a legal arrangement made between spouses concerning property and financial matters connected with their marriage.
A settlement made before marriage is known as an antenuptial or prenuptial settlement, while one created after marriage is called a postnuptial settlement. These arrangements often aim to protect family wealth or provide financial support for spouses and children.
Marriage settlements commonly involve transferring property into trust so that income may benefit one spouse while preserving the capital for the family or future generations.
Courts dealing with divorce or judicial separation possess powers to vary existing settlements or create new arrangements where fairness and the welfare of children require it.
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