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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:
- The agreement must be in writing and signed by both parties.
- Both parties must provide full disclosure of their assets, debts, and income.
- The agreement must be voluntary.
- 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.