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A free trader agreement gives each person the legal right to purchase property independently of the other while still being married. This allows the purchasing spouse to acquire and retain the property as a separate asset; it also remains his or her sole financial responsibility.
A free legal template is truly only free at the point of 'sale'. Free legal templates are great, until there is a dispute and you are in trouble.
Your Free Trader Agreement must be formatted properly for recording at Register of Deeds. Your Free Trader Agreement must be signed by both parties and their signatures notarized.
A free trader agreement gives each person the legal right to purchase property independently of the other while still being married. This allows the purchasing spouse to acquire and retain the property as a separate asset; it also remains his or her sole financial responsibility.
A free trader agreement is, in basic terms, a document prepared for the purposes of waiving each party's rights of inheritance (and all other marital rights referring to a separation agreement in most cases) as to real estate and creating a right to obtain real estate independent of the other prior to divorce.
A Free Trader Agreement is Easy. Both spouses sign in front of a Notary Public. Take the Document to the Register of Deeds in the County where the property is located. Pay $26.00 for recording. You are done.