Q: Do you have to disclose your debts when doing a prenup?
I have debt, planning on getting married. I will make sure any prior debts and debts acquired after marriage stay separate.
If you are the person seeking to put in place a prenuptial agreement, then you must make full disclosure of all assets and all debts.
If you are the person against whom a prenuptial agreement is being presented, in the agreement, there is also an obligation for disclosure of your assets and debts (usually requiring you to set forth the details in a schedule to be attached to the agreement). If you don't make the disclosure and later your spouse discovers same, rest assured that it will not play out well with him / her feeling deceived. Not a great way to start a marriage.
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