A Personal Marriage Agreement serves as a crucial legal tool for couples planning to marry who wish to establish clear terms regarding their financial rights and obligations. The document, governed by U.S. state and federal laws, typically includes detailed provisions about property division, asset protection, debt allocation, and potential spousal support. This agreement is particularly important for individuals with significant assets, business interests, or those entering subsequent marriages. The agreement must comply with state-specific requirements and the Uniform Premarital Agreement Act where applicable, including mandatory financial disclosure and independent legal counsel for both parties.
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1. Parties: Identification and details of both parties entering into the agreement
2. Background: Context of the agreement, including intention to marry and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Property Rights: Division of existing and future property rights
5. Financial Disclosures: Complete disclosure of assets, liabilities, and income of both parties
6. Governing Law: Specification of which state's laws govern the agreement
1. Spousal Support: Terms regarding alimony or maintenance provisions for when parties want to predetermine support obligations
2. Estate Rights: Inheritance and estate planning provisions for when parties have specific estate planning needs
3. Business Interests: Protection of business assets and income provisions for when either party owns a business
4. Debt Allocation: Provisions for how existing and future debts will be handled when parties have significant debt or want to clarify debt responsibility
1. Schedule A - Party 1 Assets: Detailed list of first party's assets and their values
2. Schedule B - Party 2 Assets: Detailed list of second party's assets and their values
3. Schedule C - Financial Disclosures: Comprehensive financial statements for both parties
4. Appendix 1 - Independent Legal Advice Certificates: Certificates confirming both parties received independent legal advice
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