If you are establishing a prenuptial agreement in Iowa, there are several things you may not realize could be included in your prenup. From family heirlooms to student loans, it is best to specify exactly what will happen to each item in the event of a divorce. We at Janssen Law want to make sure you have everything covered, which is why we have compiled a list of some of the most commonly forgotten items to include.
The American Bar Association states that you should determine all details> about a divorce to avoid arguing later. This can include alimony, child custody, and spousal or child support. While you will still likely need to have everything approved by a judge if you do divorce, declaring your expectations now when you are both calm and agreeable can ease stress later.
You should also discuss details that will affect your marriage, such as the following:
- Whether you will file taxes jointly or separately
- Who will work and provide income
- If gifts from family members should be marital or sole property
- How much each of you will contribute to retirement
- Who will manage the checkbook
By determining these details ahead of time, you can avoid arguments. It can also prevent misunderstandings and ensure that you are both on the same page as you begin your marriage.
In addition, you should also consider debt. It is best to declare in the beginning who will be responsible for any student loans or credit card debt. To learn more about prenuptial agreements, visit our web page.