Guide to Marriage Contract
A marriage contract is created as a preventive measure of conflict when a wife and a husband decided to get divorced. It’s not about being pessimistic, it’s about having things organized in case it doesn’t work out. One day you are in Amsterdam holiday with your spouse, but after a few years, you came back to the same place with someone else? Isn’t it good to put everything on paper?
What is a Marriage Contract?
It’s a document where both legally married couples pledge to the community of their possessions. The contract will discuss in detail the possessions that should be left with the wife and possessions that the husband may take with him. This prevents uncertainties like what to do in Amsterdam on a vacation. It will clarify the issues even before they exist. A marriage contract may contain rules and condition that may affect the parting of the possession.
Benefits of Marriage Contract
Marriage contract usually protects both parties. One of the benefits is when couples are owning a business. The contract will state what was agreed upon after the marriage. Somehow it prevents the gas from being added to the fire. Instead of pursuing this issue to the hands of the court, the marriage contract can settle the agreement. If one party decides to escalate the issue to court, most likely, that party will lose the case.
How It’s Done
You and your partner should talk earnestly about the topic. Decide with a sound mind about the financial issues and possessions. Be specific to what both of you want and should agree with each other. Once everything is settled between the two of you, put this into writing and this will serve as your draft. Consult experts like accountant and marriage contract counsellors to make sure that your draft is fair and accurate. Then consult a lawyer to review the draft to ensure that the conditions are just and fair. When he sends the green light, you may have it notarized with your trusted witnesses. When doing your marriage contract draft, make sure to discuss everything.