Even if there is a will, a marriage agreement can clarify and amplify expectations to avoid costly legal disputes that are ultimately swept away on the property. Protect your property. If you are a real estate owner, a matrimonial agreement can determine what is a common property in your marriage and what is not. Owners or partners of a business, non-profit organization or business should keep in mind that your spouse can claim more than half of the increase in the value of your business. Spouses can create this agreement to protect each spouse`s property. The code defines property as « an interest, present or future, legal or fair, property or quota, real estate or personal property, including income and income. » If you or your spouse rent an apartment or a house, you can indicate how the rental agreement will be changed in the event of a divorce. To avoid this, a marriage agreement can be used to determine which partner receives what in the event of a divorce, regardless of the kommingling. Yes, both spouses must disclose whether they have ever been married and/or have children. This status is very forgiving, which can be done with regard to the separate property and common ownership of each spouse, with the agreement of both spouses. Spouses may agree in the contract to recognize that the property separate from each spouse remains separate even if the property is in the course of life. When a contract is signed before marriage, it is referred to as a conjugal agreement (« Prenup »), a premarital agreement or antenuptial agreement. When a couple decides to split their community property into two separate rebates, this document is referred to as a splitting agreement, a post-marital agreement or a post-marital agreement. A Texas marriage contract is a legal document written by two spouses prior to their marriage and put into effect in the event of divorce or death of one of the parties.
A marital agreement allows the parties to determine the division of assets, property and debts and to resolve a number of other issues if the marriage ends in divorce.