Why Do You Need A Prenup?

Prenuptial agreements are often considered a sign of bad luck for the future Mr. and Mrs. Instead of planning a divorce, most brides are planning wedding gowns and honeymoons. However, a prenuptial agreement may save parties thousands of dollars in the future. Questions quickly arise about how inherited property is distributed. What about a home you had prior to the marriage? Can a spouse be responsible for the other’s student loan debts? These are all questions that can be answered with a prenuptial agreement.

In Indiana, a prenuptial agreement is a legal contract that is entered into by a couple before they get married. The purpose is to establish the rights and obligations of each party’s property. To create a valid prenuptial agreement in Indiana, the following requirements must be met:

1. The agreement must be in writing and signed by both parties.
2. Both parties must provide full disclosure of their assets, debts, and income.
3. The agreement must be voluntary.
4. The agreement must not be unconscionable or against public policy.

It is strongly recommended that both parties consult with a skilled family law attorney to craft a prenuptial agreement tailored to your specific needs. The attorneys at BOREN, OLIVER & COFFEY, LLP are here to help plan for the “What Ifs” that life sometimes throws one’s way.

Call 765-342-0147 to schedule an appointment.

Authored by Attorney Tonisha Jarrett; tonishajarrett@boclawyers.com