765 742 9066 Toggle Nav
The Truth About Prenupts

The Truth About Prenupts

You buy car insurance after purchasing a new vehicle, just in case someone ever smashes into you on the road. You enroll in your company’s health insurance plan, or purchase a private plan, in case you ever fall ill, need surgery, or have to go to the ER. So, why is it that drafting an “insurance” plan for your marriage is frowned upon?

Well, there are people who take advantage of others, pop culture doesn’t make things better, and it seems the general perception of prenupts are that they set marriages up for failure, instilling relationships with mistrust or defeat. Whatever the reason, the truth is, prenuptial agreements are actually a smart step to take before you tie the knot.

The upside

It’s unfortunate, but over 50% of marriages end in divorce. And, when it comes to divvying up the assets, Indiana follows the 50/50 rule. This means the state presumes that an equal division is fair, leaving it up to you and your ex to argue otherwise.

If you received a large inheritance from a loved one, half of that money may go to your ex. Or, if you have a child from another marriage, some of your assets that should go to benefit them may end up with your ex-spouse. But with a prenupt, you and your partner get to choose exactly how you’d like to divide your assets, making life a little easier if you ever do decide to end the marriage.

Till death

Prenupts aren’t solely for divorces and separations. Having one can be a great help if you ever have to go through the death of a spouse. By sitting down with your partner and discussing the details before you get married, there will be no confusion if the unthinkable ever occurs, allowing you to focus on what’s important.

Do it right

While prenupts take one difficult element out of going through a separation, divorce, or death, if done incorrectly, they can be thrown out in court, making things exponentially more challenging. To make sure you aren’t missing important steps, consult with your attorney before drafting any documents, or have them create the agreement for you. Additionally, don’t sign anything until you have had your lawyer review the agreement.

For more information on prenupts and how they can help you and your family, contact Abigayle Hensley at 765-742-9066.

Disclaimer:
The content of this blog is intended to be general and informational in nature. It is advertising material and is not intended to be, nor is it, legal advice to or for any particular person, case, or circumstance. Each situation is different, and you should consult an attorney if you have any questions about your situation.

5 Myths Around Prenuptial Agreements

Part two of three in our prenup series

TV shows, movies, media reports, and even our culture’s obsession with celebrity breakups, have put prenuptial agreements, or prenups, in …

PARKING NOTICE: The sidewalks and curbs around the Columbia Center will be under construction through June 2023. Traffic patterns may change and street parking will be limited during construction, so we encourage you to park in the garage attached to Columbia Center. The entrance to the Parking Garage is on Fifth Street, and you may park in any spot not marked Reserved. There is a parking garage elevator you can take down to the 1st floor where the BB&C offices are located. Please inform a BB&C staff member that you are parked in the garage, so we can validate your parking during your visit to the office. We apologize for the inconvenience and appreciate your patience and understanding during the construction.

The sidewalks and curbs around the Columbia Center will be under construction through June 2023.