Gwyneth Paltrow and Brad Falchuk have a prenup.

Gwyneth Paltrow

Gwyneth Paltrow

The 'Mortdecai' actress and the 47-year-old television writer have agreed to sign the terms before they tie the knot because they both have their own assets as well as children from their previous relationships.

A source told E! News: "Yes, there is a prenup. It was very easy and they were both agreeable to the terms. This was just one of the steps in their wedding planning process. They have both been married before and felt this needed to happen. They each have assets and children from previous marriages so it makes sense to have an agreement in place. There were no surprises and it was a quick process."

Meanwhile, the 45-year-old actress previously admitted she feels like a "21-year-old" now she is planning her wedding and is excited about "everything" to do with her big day.

She shared: "I'm excited about everything! I've never had a wedding before. So even though I'm 45, I sort of feel like a 21-year-old ... We haven't really started making any formal plans [but] it's kind of fun to talk about with my girlfriends. They send me pictures of dresses - they're as excited about it as I am. It's pretty cute."

However, Gwyneth doesn't imagine she'll have a "big" wedding with Brad and instead would prefer a low-key ceremony.

She said: "I think I'm [too] old to have a big wedding and a big old white dress and all that. I gotta dial it back."

Gwyneth's children though are very "excited" about the big day.

Asked whether her daughter Apple, 13, and son Moses, 12 are enthusiastic about the upcoming ceremony, she replied: "Yeah, they are excited."

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