Types of marital contracts can range from simple covenants to more elaborate agreements. Simple covenants typically include provisions such as custody arrangements, financial obligations, and child-rearing responsibilities.
When getting married, it's important to have a marital contract in place that outlines the expectations of both parties.This document can help avoid future arguments and ensure that both spouses are aware of what is expected of them.
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There are a few things you should consider when creating your marital contract:
1. Duration of the Marriage: One of the most important things to consider is the duration of your marriage. The contract should state how long it will last and any potential extensions.
2. Financial Commitment: It's also important to establish financial obligations before getting married. This includes specifying how much each spouse will contribute to household expenses and whether there will be joint credit cards or bank accounts.
3. Divorce Settlement: One key area to cover in a marital contract is divorce settlement. Make sure you know what is expected from both parties if one party decides to end the marriage. Include details such as alimony, child custody, and property division.
4. Communication: One of the biggest challenges couples face is communication issues. Make sure your marital contract outlines how communication will be handled, including any type of mediation or arbitration should disputes arise.