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Parties may enter into marriage contracts to address issues they could face during their marriage and that may arise upon the breakdown of marriage. Because parties can customize a marriage contract to best suit their needs and specific situations, the contents of marriage contracts vary widely. Some examples of topics addressed in a marriage contract are how property will be owned during the marriage; how property will be divided upon the breakdown of the marriage; how household chores will be shared during the marriage; how household expenses will be shared during the marriage, etc.

This article explains what a marriage contract is, why parties enter into such contracts and the legal and formal requirements of such marriage contracts. The article provides advice on when it is a good idea to sign a marriage contract, and when a marriage contract is not a good idea. Regardless of what is covered by a marriage contract, the article provides this advice: “Using a do-it-yourself marriage agreement kit is really not a good strategy.” Expert independent legal advice is essential.

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Take away:

  • Legal advice should address the question of whether a marriage contract is a good idea for the particular couple, and if it is, what topics need to be considered for inclusion in the contract.

 

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This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. Clausehound.com is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find Clausehound.com where you see this logo.

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