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Prenups are prevalent in countries like the US and Australia and slowly gaining ground among Indian couples. However, it is not legal in India. ?Pre-nuptial agreements have traditionally been perceived as being against public policy.

Under the UPAA, all Indiana prenuptial agreements must be in writing and signed by both spouses. In general, future spouses should negotiate the terms of their agreement well before the wedding day, and each spouse should be represented by counsel.

Prenups should outline each partner's finances, substantial belongings, and debt, and clarify which property is shared or separate. If completed properly, prenups should specify how spouses want their shared property and finances divided if they end their marriage.

What Is a Prenup? A prenup, or prenuptial agreement, is a contract between two people that's created before they get married. It typically lists each person's assets, debts, and outlines how they'll be handled should the couple divorce later on. Prenups can be a valuable financial tool.

A prenuptial agreement is a written agreement between a couple entered into before marriage for issues that may occur during marriage. These issues may concern a couple's property, debts, income, and later divorce or separation. It must be in writing, and not verbal, to be enforceable.

A prenup defines whether the assets you own like your house or car are separate property of one spouse or part of the marital estate. If you're considerably wealthier than your partner, a prenup is a good step towards ensuring that your partner isn't marrying you for your money.