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Premarital Agreements

Premarital agreements are contracts signed before marriage. With the Iowa version of the Uniformed Premarital Agreement Act (IUPAA), the parties to a prospective marriage have an opportunity by contract to alter the usual course of law with respect to various issues. These issues include: their rights and obligations regarding property, the making of a will, trust, or other arrangement to carry out the provisions of the agreement, the ownership rights in and disposition of the death benefit from a life insurance policy, the choice of law governing the construction of the agreement, and any other matter, including the personal rights and obligations of the parties, not in violation of public policy or a statute imposing a criminal penalty. Under the IUPAA the parties may not adversely affect the right of a spouse or child to support in their premarital agreement.