PRENUPTIAL AGREEMENT
This Prenuptial Agreement ("Agreement") is entered into on this date by and between the following parties, in contemplation of their marriage:
SPOUSE 1 ("First Party"):
[Full Legal Name]
Address: [Current Address]
SPOUSE 2 ("Second Party"):
[Full Legal Name]
Address: [Current Address]
(Each individually a "Party" and collectively the "Parties.")
RECITALS
WHEREAS, the Parties intend to marry each other on or about [Planned Date of Marriage]; and
WHEREAS, each Party desires to define their respective rights and obligations regarding property, assets, debts, and spousal support during the marriage and in the event of divorce, legal separation, annulment, or death; and
WHEREAS, each Party has been provided a full, fair, and complete disclosure of the other Party's financial circumstances, including all assets, liabilities, income, and obligations; and
WHEREAS, each Party enters into this Agreement freely, voluntarily, and without coercion, duress, or undue influence from the other Party or any third party; and
WHEREAS, each Party has had the opportunity to retain and consult with independent legal counsel of their own choosing prior to executing this Agreement;
NOW, THEREFORE, in consideration of the mutual promises contained herein and the forthcoming marriage between the Parties, and intending to be legally bound, the Parties agree as follows:
ARTICLE I — GOVERNING LAW AND JURISDICTION
1.1 This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of [Governing State], including but not limited to the Uniform Premarital Agreement Act (UPAA) as adopted in such state, or any successor statute thereto.
1.2 The Parties agree that any legal action or proceeding arising out of or relating to this Agreement shall be brought exclusively in the courts of the State of [Governing State].
1.3 The Parties acknowledge that the State of [Governing State] follows the equitable distribution model for division of marital property. The terms of this Agreement are intended to supersede the default equitable distribution rules to the extent permitted by law.
ARTICLE II — DEFINITIONS
2.1 "Separate Property" shall mean all property, assets, and interests owned by a Party prior to the marriage, as well as any property acquired by a Party during the marriage by gift, inheritance, or bequest, and any appreciation, income, or proceeds derived from such property, unless such property has been commingled with Marital Property.
2.2 "Marital Property" shall mean all property, assets, and interests acquired by either or both Parties during the marriage, other than Separate Property as defined herein.
2.3 "Effective Date" shall mean the date of the Parties' legal marriage ceremony.
ARTICLE III — SEPARATE PROPERTY OF FIRST PARTY
3.1 The following property, assets, and interests are acknowledged as the Separate Property of the First Party ([Full Legal Name]) and shall remain the sole and exclusive property of the First Party during the marriage and in the event of divorce, separation, or death:
[Spouse 1 Separate Property]
3.2 All appreciation in value, rents, profits, interest, dividends, and other income generated by the First Party's Separate Property shall remain the Separate Property of the First Party, provided such property has not been commingled with Marital Property.
ARTICLE IV — SEPARATE PROPERTY OF SECOND PARTY
4.1 The following property, assets, and interests are acknowledged as the Separate Property of the Second Party ([Full Legal Name]) and shall remain the sole and exclusive property of the Second Party during the marriage and in the event of divorce, separation, or death:
[Spouse 2 Separate Property]
4.2 All appreciation in value, rents, profits, interest, dividends, and other income generated by the Second Party's Separate Property shall remain the Separate Property of the Second Party, provided such property has not been commingled with Marital Property.
ARTICLE V — MARITAL / JOINT PROPERTY
5.1 As of the date of this Agreement, the Parties do not hold any joint property. Any property acquired jointly during the marriage shall be considered Marital Property.
5.2 In the event of divorce or legal separation, Marital Property shall be divided equitably between the Parties, taking into consideration each Party's contributions to the marriage, earning capacity, and other relevant factors.
5.3 Neither Party shall transfer, encumber, pledge, sell, or otherwise dispose of any Marital Property without the prior written consent of the other Party, except in the ordinary course of household expenses.
ARTICLE VI — DEBTS AND LIABILITIES
6.1 Pre-Marital Debts. Each Party shall remain solely responsible for all debts and liabilities incurred by that Party prior to the Effective Date of this Agreement. The other Party shall have no obligation to pay, assume, or contribute to such pre-marital debts.
6.4 Marital Debts. Any debts incurred by either Party during the marriage for the benefit of the marital household shall be considered joint marital debts and shall be shared equally between the Parties in the event of divorce or separation.
6.5 Neither Party shall incur any debt or obligation for which the other Party may be held responsible without the prior written consent of that Party, except for reasonable household necessities.
ARTICLE VII — SPOUSAL SUPPORT
7.1 In the event of divorce, legal separation, or annulment, the issue of spousal support shall be determined in accordance with the applicable laws of the State of [Governing State] as they exist at the time of such proceedings.
7.2 Neither Party waives the right to request spousal support, and neither Party is guaranteed an award of spousal support. The court shall retain jurisdiction to award spousal support as it deems just and equitable.
ARTICLE VIII — FINANCIAL DISCLOSURE
8.1 Each Party represents and warrants that they have provided a full, fair, accurate, and complete disclosure of all assets, property, income, debts, and financial obligations to the other Party prior to the execution of this Agreement.
8.2 Each Party acknowledges that they have received and reviewed the financial disclosure of the other Party and have had adequate opportunity to ask questions, request additional documentation, and verify the accuracy of such disclosure.
8.3 Each Party understands that the failure to disclose material assets, debts, or financial information may render this Agreement voidable in whole or in part.
ARTICLE IX — INDEPENDENT LEGAL COUNSEL
9.1 Each Party acknowledges that they have been advised to retain independent legal counsel of their own choosing to review this Agreement prior to execution.
9.2 Each Party has either: (a) retained independent legal counsel who has reviewed this Agreement and advised the Party of their rights, obligations, and the legal effect of this Agreement; or (b) voluntarily chosen not to retain independent legal counsel after being informed of the right to do so.
9.3 Each Party acknowledges that they understand the terms, conditions, and legal consequences of this Agreement and enter into it voluntarily and without coercion.
ARTICLE X — GENERAL PROVISIONS
Severability. If any provision of this Agreement is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid and enforceable, and the remaining provisions shall continue in full force and effect.
Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior negotiations, representations, warranties, commitments, offers, and agreements, whether written or oral.
Amendments. This Agreement may not be modified, amended, or waived except by a written instrument signed by both Parties and, where required by law, acknowledged before a notary public.
Voluntary Execution. Each Party acknowledges that they have read this Agreement in its entirety, understand its terms and consequences, and execute it freely and voluntarily.
No Waiver. The failure of either Party to enforce any provision of this Agreement shall not constitute a waiver of that Party's right to enforce that provision or any other provision in the future.
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties have executed this Prenuptial Agreement as of the date set forth below.
_________________________________
[Full Legal Name] (First Party)
Date: _______________
State of [Governing State]
County of _______________
Sworn to and subscribed before me this _____ day of _____________, 20_____.
_________________________________
Notary Public
My Commission Expires: _______________
_________________________________
[Full Legal Name] (Second Party)
Date: _______________
State of [Governing State]
County of _______________
Sworn to and subscribed before me this _____ day of _____________, 20_____.
_________________________________
Notary Public
My Commission Expires: _______________