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What to Write in a Marriage Contract

When it comes to marriage, the idea of a contract might seem unromantic. However, a marriage contract is an important legal document that can protect both you and your partner in the event of a divorce or other unforeseen circumstances. Here are some things to consider when writing your marriage contract.

1. Division of assets and debts

One of the most important things to consider when writing a marriage contract is how you will divide assets and debts in the event of a divorce. This includes everything from property and bank accounts to credit card debt and student loans. Your marriage contract should clearly outline how these things will be divided, including any specific provisions for things like retirement accounts or inheritance.

2. Spousal support

If one partner makes significantly more money than the other, spousal support may be a consideration. Your marriage contract should outline how much support will be provided and for how long. This can help prevent lengthy legal battles in the event of a divorce.

3. Parental rights and responsibilities

If you plan on having children, your marriage contract should outline parental rights and responsibilities. This includes things like custody arrangements, visitation schedules, and child support payments. Clarifying these issues in advance can help prevent disputes down the road.

4. Estate planning

Your marriage contract can also include provisions for estate planning, such as who will inherit your assets in the event of your death. This can be especially important if you have children from previous relationships or significant assets you want to protect.

5. Dispute resolution

Finally, it’s important to include provisions for dispute resolution in your marriage contract. This can include things like mediation or arbitration clauses that can help you resolve disputes without going to court.

Writing a marriage contract can be a daunting task, but it’s an important step in protecting your future and your partner’s future. Consider working with a lawyer experienced in family law and divorce to help ensure that your contract covers all the important issues. With the right preparation, your marriage contract can be a valuable tool for ensuring your long-term happiness and success.