A Prenuptial Agreement is a type of contract in which wife and husband state their liabilities properties, finances, assets, insurance etc. A sample prenuptial agreement is regarded as a perfect arrangement in many Western countries when it comes to marriage, because financial and asset issues are common to most couples who enter into marital relationships.
What are some of the important reasons why these types of agreements are getting so popular today? Read on to know the answer.
It is often said that having these kinds of agreements in place beforehand can make the divorce process much easier. Such types of agreements generally have a listing of the individual assets of each partner, some indication about which individual assets will stay as the property of each spouse in case of a divorce, guidelines about how property that is acquired at the time of marriage will be divided if a divorce happens, clear mention about the responsibility for dates that are acquired during and before the marriage as well as some hint of alimony or spousal support if the marriage comes to an end.
Generally, couples who are wealthier would like to have a free prenuptial agreement template in Indiana in place, in order to keep their properties protected. Also, couples who are older might, each of them, like to have this type of an agreement because they might have retirement income or assets that should be protected and preserved. They might also like to see that kids from previous marriages are given a part of their state or savings.
With a Prenuptial agreement in place, spouses cannot have a say on the decision of awarding a part of assets to kids from previous marriages.
If there is an absence of this type of an agreement right from the beginning, the local Court of law might take a decision on the division of finances and assets of a spouse, and the wealthier one would have to part with his assets with the spouse having a poor financial condition. However, a
Prenuptial Agreement can make sure that the court will not have to interfere and decide on the division of the assets because those things have already been predetermined by mutual decision of the spouses in question.