What is a prenuptial agreement?

A prenuptial agreement, also called a premarital agreement, is an agreement made between two people who plan to marry. This agreement is typically signed before the marriage, and it outlines what should happen to all property, assets, and debts if the marriage ends in divorce. In Indiana, prenuptial agreements are legal and must meet certain requirements in order to be valid. Prenuptial agreements must be in writing, voluntarily signed by both parties, and must be signed by two witnesses. This agreement must also be fair to both parties. A prenuptial agreement can include any number of provisions that are agreed upon by the parties. These can include, but are not limited to, property division, spousal support payments, and even who will pay for certain legal fees if the divorce happens. The agreement should also detail what assets and debts each partner has before the marriage, and it can stipulate how they will be divided in the event of a divorce. It is important to note that prenuptial agreements can be modified or revoked if both parties agree to the changes and sign updated documentation. Additionally, if a prenuptial agreement is found to be unfair or otherwise invalid by a court, it may be deemed unenforceable. It is a good idea to consult a lawyer about premarital agreements in order to ensure that all potential issues are addressed before the wedding.

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