How Do You Write A Marriage Contract?
A marriage is an agreement between two people that may only be ended by a legal divorce or death. However, some parties seeking to marry desire further agreements that protect the existing financial assets of one or both parties. A marriage contract, also called a premarital contract or a prenuptial, defines the division of finances should the marriage end in divorce. Marriage contracts are more common in second marriages and among those who are currently wealthy. Gather all documents that detail each individual’s current financial investments, assets and assumed future inheritances. In order for a marriage contract to be legal and enforceable, the financial state of both parties at the time of signing must be fully disclosed. State the intended financial settlement to be awarded upon the dissolution of the marriage. This includes the amount of money to be paid to one spouse by the other if the marriage dissolves. You may wish to state incremental amounts, based upon the duration of th
