What is a postnuptial agreement?

A postnuptial agreement is a legal contract made between two married people to set forth the terms of their marriage. It is a way for couples to plan and agree on matters such as property division, alimony, and other economic and financial issues in the event of a divorce. In Indiana, postnuptial agreements are legally binding and enforceable agreements between two spouses who are already married. A postnuptial agreement is a type of prenuptial agreement, which is typically signed prior to marriage. Generally, couples who choose to draft a postnuptial agreement do so before any problems arise between them. It allows the couple to decide certain matters in the case of a divorce or separation, without leaving the decision to the court. There are certain rules that must be met in order for a postnuptial agreement to be valid in Indiana. The couple must make a full disclosure of their finances and assets before signing the agreement, and the agreement must be in writing. Furthermore, the agreement must be fair and reasonable to both parties, and neither of the two parties may have been coerced or under duress when signing it. Postnuptial agreements are beneficial for couples who want to plan ahead to ensure that their interests are protected if their marriage does not work out. It is important to understand the legal requirements in Indiana for creating a valid postnuptial agreement.

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What is a postnuptial agreement?

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