What is a marital property agreement?

A marital property agreement is a document that is created during a divorce in California that details how assets and debts between two married parties will be divided. The agreement outlines who will be responsible for what, how assets will be divided, and who is responsible for any debts that were accrued during the marriage. This document is legally binding and is signed off on by both parties in the presence of a notary public. In California, all marital property that was acquired during the marriage must be divided equitably, meaning both parties should get approximately the same amount. This includes physical assets, income and investments, and any debt or liabilities that the couple has. The marital property agreement documents all of these details, and will be used if either spouse decides to file for divorce or pursue legal action over the distribution of assets and debts.

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