Prenuptial (Premarital) Agreements are used by couples who plan to marry. This agreement sets out the financial condition of the parties prior to the marriage including disclosure of assets and liabilities. This document also specifies if future earnings will be shared and if alimony or support will be paid in the event of divorce.
PRENUPTIAL AGREEMENT BETWEEN
THIS AGREEMENT is made and entered into this _____ day of ______, 20__ by and between ______________, a resident of _______________, and _______________, a resident of __________________, who shall be collectively knownherein as "the parties". The agreement is also known as a "Premarital Agreement".
WHEREAS, the parties are presently unmarried and intend to be married to each other within the next yearand, in anticipation of such marriage, the parties desire to fix and determine various financial relationshipsthat will apply during their marriage and upon the termination of their marriage whether by death, divorce orotherwise;
WHEREAS, each party has had the opportunity to fully examine the financial disclosures of the other party assummarized in the attachment;
WHEREAS, neither party has consulted with an attorney concerning this agreement prior to entering into it;
WHEREAS, each party enters into this agreement freely and under no duress or undue influence upon his orher decision to sign.
FOR THE GOOD AND VALUABLE CONSIDERATIONS, the receipt and sufficiency of which are hereby acknowledged, the partiesagree as follows:
I. Effective Date of Agreement. This Agreement shall take effect only upon the lawful the marriage of theparties to one another. Further, the effective date of this Agreement is the date upon which the parties arelegally married.
II. Separate Property. Each party’s separate property are here as follows;
III. Alimony. Each party hereby waives, releases and relinquishes any and all rights whatsoever, whetherarising by common or statutory law (present or future) of any jurisdiction to spousal alimony, maintenance orother allowances incident to divorce or separation.
IN WITNESS WHEREOF, we each sign the foregoing this agreement, do it willingly and as our free andvoluntary act for the purposes herein expressed, and further state that we are each eighteen years of age orolder, of sound mind, and under no constraint or undue influence.
Spouse 1 Date
Spouse 2 Date