sunset clause Tag

Sunset clause, what is it, and why would a couple put one in their prenuptial agreement? Before answering that question, it is important to examine what a prenuptial agreement is, as this will help explain the possible need for a sunset clause. Prenuptial agreement: sometimes, before a marriage takes place, the couple will have concerns about such issues as a business, minor children from a former relationship, large debts belonging to one party, real estate property belonging to one party, alimony (should it be needed), certain special personal belongings like a family heirloom, and valuable collections and jewelry. Each party wants...