Prenuptial Agreement Indiana Example
As couples plan their weddings, it’s important to also consider what will happen in the event of a divorce. One way to do that is through a prenuptial agreement. In the state of Indiana, prenuptial agreements are legally binding contracts that outline the division of assets and debts, spousal support, and any other financial matters in the case of divorce.
If you’re considering a prenuptial agreement, it’s important to know what should be included. Here’s an example of what a prenuptial agreement in Indiana might look like:
Prenuptial Agreement between [name of spouse 1] and [name of spouse 2]
This prenuptial agreement (“Agreement”) is made on [date], by and between [name of spouse 1], (“Spouse 1”) and [name of spouse 2] (“Spouse 2”).
1. Property Rights
Each party acknowledges that all property acquired by them before the marriage remains their separate property and shall be retained by them in the event of a divorce.
2. Marital Property
All property acquired during the marriage by either spouse or both, whether titled solely or jointly, is marital property. In the event of a divorce, the marital property will be divided as follows:
a. Each party shall retain their separate property, including any property received as a gift or inheritance.
b. Marital property shall be divided equally between the parties.
3. Spousal Support
Neither party shall be entitled to spousal support from the other party in the event of a divorce.
4. Attorney Fees
In the event of a divorce, each party shall be responsible for their own attorney fees.
5. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Indiana.
6. Entire Agreement
This Agreement contains the entire understanding of the parties and supersedes all prior discussions and agreements between them.
7. Modification and Termination
This Agreement may only be modified or terminated in writing, signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
[name of spouse 1]
[name of spouse 2]
As with any legal document, it’s important to consult with an attorney before signing a prenuptial agreement. An attorney can review the document and ensure that it complies with Indiana law and that both parties fully understand the terms and implications of the agreement.
While prenuptial agreements may not seem romantic, they can provide peace of mind and financial security for both parties in the event of a divorce. By addressing potential issues before they arise, a prenuptial agreement can help couples build a solid foundation for a successful marriage.