When it comes to marriage, many couples choose to create a prenuptial agreement to protect their financial assets in the event of a divorce. A prenuptial agreement is a legal document that outlines each person`s rights and responsibilities in the marriage, including property division and spousal support.
If you`re considering creating a prenuptial agreement, it can be helpful to look at some prenuptial agreement examples. Here are a few key things to keep in mind as you search for an example agreement:
1. Look for a prenuptial agreement that is specific to your state. Each state has its own laws regarding divorce and property division, so it`s important to make sure that your prenuptial agreement is tailored to your state`s laws.
2. Make sure the prenuptial agreement covers all of the important issues. Your prenuptial agreement should cover things like property division, spousal support, and how debts will be handled in the event of a divorce.
3. Make sure the prenuptial agreement is clear and easy to understand. Your prenuptial agreement should be easy to read and understand, even if you`re not a lawyer.
Here is an example of a prenuptial agreement:
Prenuptial Agreement between John Doe and Jane Smith
1. Purpose of Agreement
The purpose of this agreement is to set forth the property rights and obligations of John Doe and Jane Smith in the event of a divorce or legal separation.
2. Property
The parties agree that any property owned individually prior to the marriage shall remain the separate property of the original owner. Any property acquired during the marriage shall be considered jointly owned.
3. Debts
The parties agree that any debts incurred individually prior to the marriage shall remain the responsibility of the original debtor. Any debts incurred during the marriage shall be considered jointly owned.
4. Spousal Support
The parties agree that in the event of a divorce or legal separation, neither party shall be entitled to spousal support from the other.
5. Modifications
This agreement may not be modified except in writing signed by both parties.
6. Governing Law
This agreement shall be governed by the laws of the State of California.
Conclusion
Creating a prenuptial agreement can be a smart way to protect your financial assets in the event of a divorce. By looking at prenuptial agreement examples and working with a lawyer experienced in prenuptial agreements, you can create a document that helps ensure a fair and equitable outcome in the event of a divorce.