Prenuptial Agreement for Blended Families
This Prenuptial Agreement ("Agreement") is made on this day of , , by and between:
Party A:
Party B:
Collectively referred to as "the Parties".
Recitals
- The Parties contemplate legal marriage under the laws of .
- Each Party desires to define their respective rights regarding present and future property, assets, debts, and obligations in the event of divorce, separation, or death.
- This Agreement is entered into freely and voluntarily with a full understanding of its terms.
Disclosure of Assets and Liabilities
Each Party has fully disclosed their assets, liabilities, income, and expectations of gifts and inheritances. Schedules of disclosed assets and liabilities are attached as Exhibit A (Party A) and Exhibit B (Party B).
Separate Property
The following shall be considered Separate Property and shall remain the separate property of each respective Party:
- All property owned by either Party prior to the marriage, including but not limited to, real estate, bank accounts, investments, and personal property listed on the attached Exhibits.
- All income, increase, rents, profits, or proceeds derived from such Separate Property.
- Any inheritance or gift received by either Party before or during the marriage.
Marital/Community Property
Any assets acquired jointly by the Parties during the marriage, unless otherwise agreed in writing, shall be considered Marital Property and subject to equitable distribution, except for items specifically defined as Separate Property.
Debts and Obligations
Each Party shall be solely responsible for debts incurred before the marriage and any debts related to their Separate Property. Joint debts and obligations incurred during the marriage shall be shared as agreed upon or as directed by applicable law.
Children from Previous Relationships
- Each Party acknowledges and affirms responsibility for the support and welfare of their respective children from previous relationships.
- This Agreement does not alter or affect the legal rights or obligations between either Party and their children from previous relationships.
- Provision for inheritances, trusts, or gifts for said children, if any, are set forth in attached schedules or separate estate planning documents.
Waiver of Spousal Support / Alimony
Estate Planning and Inheritance
The Parties agree to make reasonable provisions for each other's well-being and the well-being of their respective children as may be set forth in their wills, trusts, or other estate planning documents.
Full Disclosure and Independent Counsel
- Each Party has been given the opportunity to consult with independent legal counsel regarding this Agreement.
- Each Party acknowledges that they have entered into this Agreement freely and voluntarily, without duress or undue influence.
Miscellaneous
- This Agreement may be amended only in writing signed by both Parties.
- If any provision is held invalid, the remainder shall not be affected.
- This Agreement shall be governed by the laws of .
Exhibit A: Assets, Liabilities, and Children of Party A
Exhibit B: Assets, Liabilities, and Children of Party B