Prenuptial Agreement
This Prenuptial Agreement(Agreement) is entered into on [Date], by and between:Party A: [Full Legal Name], residing at [Address], hereinafter referred to as Spouse A.
Party B: [Full Legal Name], residing at [Address], hereinafter referred to as Spouse B.
Recitals:
-
The parties intend to marry on or about [Wedding Date].
-
Both parties desire to define their respective rights and obligations regarding property, income, debts, and other matters during and after marriage.
-
Both parties acknowledge full disclosure of assets, liabilities, and financial obligations prior to signing this Agreement.
1. Definitions
-
Separate Property: Assets owned by either party prior to marriage, including but not limited to real estate, investments, businesses, inheritances, and gifts.
-
Marital Property: Assets acquired during the marriage, unless otherwise classified as Separate Property.
-
Debts: Liabilities incurred before or during the marriage.
2. Separate Property
-
Spouse As Separate Property:
-
[List assets, e.g., Bank account #1234 at XYZ Bank, balance $____]
-
[Real estate: Address, deed/title number]
-
[Business interests, investments, etc.]
-
[List assets, e.g., Bank account #1234 at XYZ Bank, balance $____]
-
Spouse Bs Separate Property:
-
[List assets, as above]
-
[List assets, as above]
-
Ownership: All Separate Property, including appreciation, income, or proceeds, shall remain the sole property of the owning spouse.
3. Marital Property
-
Income During Marriage:
-
Wages, salaries, and bonuses earned during the marriage shall be considered [Separate/Marital] Property.
-
If classified as Marital Property, division upon dissolution shall follow [specific terms, e.g., 50/50 or other agreed ratio].
-
Wages, salaries, and bonuses earned during the marriage shall be considered [Separate/Marital] Property.
-
Joint Assets:
-
Any property jointly titled (e.g., shared bank accounts, real estate) shall be divided [as described here].
-
Any property jointly titled (e.g., shared bank accounts, real estate) shall be divided [as described here].
4. Debt Responsibility
-
Pre-marital debts remain the sole responsibility of the incurring spouse.
-
Debts incurred during the marriage for joint household expenses shall be shared [equally/according to income ratio].
-
Individual debts (e.g., credit cards, loans) incurred without written consent of both parties remain the responsibility of the incurring spouse.
5. Spousal Support (Alimony)
-
Both parties waive any claim to spousal support in the event of divorce or separation, unless otherwise agreed in writing.
6. Inheritance and Gifts
-
Inheritances or gifts received by either spouse during the marriage shall remain Separate Property.
7. Termination of Agreement
This Agreement shall terminate upon:-
Mutual written consent of both parties.
-
Divorce or legal separation, except for provisions intended to survive termination.
8. Governing Law
This Agreement shall be governed by the laws of [State/Country].9. Legal Counsel
Both parties acknowledge:-
They have had the opportunity to consult independent legal counsel.
-
They enter this Agreement voluntarily, without coercion or duress.
Signatures
Spouse A: ________________________Print Name: _________________________
Date: ______________________________
Spouse B: ________________________
Print Name: _________________________
Date: ______________________________
Witness 1: _______________________
Print Name: _________________________
Date: ______________________________
Witness 2: _______________________
Print Name: _________________________
Date: ______________________________
Key Notes for Enforceability:
-
Full Financial Disclosure: Both parties must fully disclose all assets and debts.
-
Fairness: Courts may invalidate agreements deemed grossly unfair or unconscionable.
-
Timing: Sign the agreement well before the wedding (e.g., 30+ days prior) to avoid claims of coercion.
-
Updates: Review and amend the agreement if major life changes occur (e.g., children, significant wealth changes).