This document contains several post-nuptial agreement clauses. The subjects addressed are: Guarantee of support payments and the purchase of a second house as one spouse's separate property. The husband agrees to purchase a second house as wife's separate property in exchange for her waiver of all interest in his business venture.
Maryland Postnuptial Agreement Clauses
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US-APP1C
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Maryland Law Governing Prenuptial and Postnuptial Agreements Unlike many U.S. states, Maryland does not have a specific statute that governs the requirements of prenuptial or postnuptial agreements. Instead, Maryland construes both prenuptial and postnuptial agreements under standard contract law.
Postnuptial contracts may be legally enforceable provided they follow standard rules of contracts. The agreement must be in writing; full disclosures must be made by both spouses about issues relevant to the contract; and the contract cannot be entered into because one spouse is defrauded or is coerced into signing.
What Is Typically Included In a Postnuptial Agreement?How the couple will divide property and other assets in the event their marriage ends.Whether one spouse will pay spousal support and how for long such support payments will be continued.More items...
Postnuptial agreements are generally enforceable if the parties of the document adhere to all state laws regarding inheritance, child custody, visitation and monetary support if a divorce does occur.
A properly prepared and executed postnuptial agreement can bind the parties regarding spousal support, inheritance rights, property division, and debt allocation. However, it cannot decide child support and custody; still, it can make divorce simpler when the parties already agree to necessary divorce decisions.
In fact, prenuptial and postnuptial agreements can only include information about financial matters and so should not include terms related to family matters, physical arrangements, or employment.
Postnuptial agreements are generally enforceable if the parties of the document adhere to all state laws regarding inheritance, child custody, visitation and monetary support if a divorce does occur.