When people imagine what's covered by a prenuptial agreement, or divorce more generally, they are likely to consider pre- and post-marital assets and earnings. After all, prenuptial agreements can be an effective tool to clearly define assets that were acquired prior to marriage and, thus, should be considered separate property. At the same time, premarital agreements can also define certain assets earned during marriage as separate property in the event of divorce.
What people may not immediately consider is how effectively a prenuptial agreement can address debt. No one wants to be stuck with a financial obligation that is actually not his or hers, particularly after divorce.