Opinion ID: 2103674
Heading Depth: 2
Heading Rank: 2

Heading: Provisions of the Premarital Agreement

Text: The premarital agreement that was signed by plaintiff and defendant consisted of four sections. Section I recited the intent of the parties to define and set forth the respective rights of each and stated that the parties intend and desire that all property owned by Susan M. O'Coin at the time of the marriage shall be her separate property, free from any and all claims by John R. Penhallow. Section II of the agreement obligated plaintiff to transfer certain of his personal property into joint tenancy with defendant and all his real property into tenancy by the entirety with defendant. Insofar as the agreement set forth the rights and obligations of the parties with respect to their personal and real property, the subject matter of the agreement was clearly permissible under subsections (a)(1) and (2) of § 15-17-3. Section III of the agreement called for the parties to cooperate fully in executing, acknowledging and delivering any instruments required to accomplish the intent and to effectuate their agreement, thereby enunciating the obligations of the parties as permitted under § 15-17-3(a)(8). Upon a divorce, a separation, or an annulment of the marriage, section IV of the parties' agreement provided for the disposition of property that was held in joint tenancy or in tenancy by the entirety during marriage. Because subsection (a)(3) of § 15-17-3 expressly allows parties to contract for a disposition of property upon separation or marital dissolution, section IV of the agreement is clearly lawful under the provisions of the act.