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Marital Property Agreement
"I need a Marital Property Agreement to protect my family business interests and separate personal wealth, as I'm getting married in March 2025 and own multiple businesses in Hong Kong's F&B sector."
1. Parties: Identification and details of both spouses entering into the agreement
2. Background: Context of the agreement, including marriage status/plans and general purpose of the agreement
3. Definitions: Key terms used throughout the agreement, including definitions of separate and joint property
4. Interpretation: Rules for interpreting the agreement, including governing law and interpretation principles
5. Separate Property: Definition and treatment of property owned separately by each spouse
6. Joint Property: Definition and treatment of jointly owned property and future acquisitions
7. Income and Earnings: Treatment of income, wages, and earnings during marriage
8. Debts and Liabilities: Handling of existing and future debts, joint and separate liabilities
9. Property Division Upon Dissolution: Agreed principles for property division in case of divorce or death
10. Amendments and Variations: Process for making changes to the agreement
11. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction
12. Execution: Signature blocks and execution requirements
1. Business Interests: Specific provisions for handling business ownership and interests, used when either party owns or may acquire business interests
2. Inheritance and Gifts: Treatment of inherited assets or gifts received during marriage, particularly relevant for families with significant inherited wealth
3. Property in Multiple Jurisdictions: Special provisions for properties located outside Hong Kong, needed when parties own or expect to own overseas assets
4. Children's Provision: Provisions regarding property held or to be held for children, relevant when parties have or plan to have children
5. Family Trust Interests: Provisions dealing with family trust interests, needed when either party is a beneficiary of family trusts
6. Intellectual Property Rights: Provisions for handling intellectual property owned by either party, relevant for professionals or creative individuals
7. Future Business Ventures: Provisions for handling future business opportunities and ventures, relevant for entrepreneurial couples
1. Schedule 1: Schedule of Assets: Detailed inventory of all assets owned by both parties at the time of agreement
2. Schedule 2: Schedule of Liabilities: Detailed list of all debts and liabilities of both parties at the time of agreement
3. Schedule 3: Real Property Schedule: Detailed information about all real estate owned by either party
4. Schedule 4: Business Assets Schedule: Detailed listing of business interests and their agreed treatment
5. Schedule 5: Excluded Property: List of specific assets agreed to be excluded from matrimonial property
6. Appendix A: Financial Disclosure: Financial statements and documents evidencing assets and liabilities
7. Appendix B: Certificates of Independent Legal Advice: Certificates confirming both parties received independent legal advice
Authors
Legal Services
Financial Services
Real Estate
Private Banking
Wealth Management
Professional Services
Family Office Services
Trust Services
Business Advisory
Property Management
Legal
Wealth Management
Private Banking
Corporate Advisory
Family Office
Compliance
Risk Management
Estate Planning
Trust Services
Client Relations
Family Law Attorney
Private Wealth Manager
Financial Advisor
Estate Planning Specialist
Trust Officer
Corporate Lawyer
Property Lawyer
Business Advisor
Family Office Manager
Relationship Manager
Legal Counsel
Compliance Officer
Risk Manager
Asset Manager
Professional Trustee
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