Protect Your Assets With A Prenuptial Agreement

The attached article by Jalene Hahn, a Certified Financial Plannerand owner of WWA Planning and Investments in Columbus, Indiana was contained in the February 4, 2022 edition of the Indianapolis Business Journal.  Ms. Hahn’s article contains good advice about falling in love later in life and how it might affect one’s assets and income.

The attorneys at Ruppert & Schaefer also recommend consulting a qualified attorney to assist you with the preparation of a prenuptial agreement to protect your assets in the event of divorce or death.  Entering into a marriage with assets in your name does not guarantee that you would maintain those assets following a divorce.  

If you would like more information about prenuptial agreements, please contact Ruppert & Schaefer at 317-580-9295.


Do you need a premarital agreement? (Yes, you.)

Wedding planning is a flurry of happy activity. Your to-do list might include the following: venue, flowers, guest list, band, honeymoon. We suggest you add one more item to that list: premarital agreement.


Full disclosure: a lot of what we do at Ruppert & Schaefer involves divorce.  We hope you never need assistance with the divorce process.  But if you ever found yourself in our office, “do you have a premarital agreement?” is one of the first things we’d ask.  That question is often met with surprise.  Premarital agreements—sometimes referred to as “prenups”—are still viewed by many as a tool for the rich.  In reality, a premarital agreement can benefit nearly anyone by fixing property rights well in advance of a divorce, should one occur in the future.

A little background.  Indiana is a “one pot” or “marital pot” state.  This means that in the absence of a prenuptial agreement, all property that either spouse owns at the time someone files for divorce is considered marital property.  This is true regardless of how the property is titled or even how it was obtained. Pre-marital property, business interests, gifts, inheritances, and even individual debts such as student loans are all considered marital property subject to division. Indiana courts recognize a rebuttable presumption that all marital property—both assets and debts—should be divided equally between divorcing spouses.

Generally speaking, there’s no way to know what property might be amassed during a marriage, but one’s future plans may warrant consideration of a premarital agreement. A few simple examples show why this is so: future wife has just opened her own business and wishes to prevent her ownership interest from being treated as marital property in the event of divorce. In another instance, two partners intend to start a business together, but wish to predetermine what percentage of ownership each will have in the event that they later divorce. In yet another case, future husband stands to one day inherit an ownership interest in the family business, and the family wishes to prevent that interest from being divided or transferred to a non-family member in the event of divorce. None of these examples suggest that the future spouses have vast fortunes to protect, yet a premarital agreement would clearly be advantageous in each.

If you are contemplating marriage, we strongly recommend you consider a premarital agreement. A well-drafted premarital agreement can give you peace of mind by anticipating and disposing of many issues that would arise in the event of divorce—leaving you with plenty of free time to tackle the rest of that wedding planning!

If you would like to consult with the attorneys at Ruppert & Schaefer, P.C. to learn more about a premarital agreement, please call (317) 580-9295. Your future is our concern.


Ruppert & Schaefer, P.C. | Do You Need a Prenuptial Agreement?

Prenuptial-Agreement-2Many couples today are bringing assets with them when they marry. Assets can include retirement accounts, savings accounts, trusts, and investment portfolios. But they can also bring debts like student loans and credit cards balances or even have a child support obligation.

A prenuptial agreement can bring peace-of-mind to both of you. You can keep separate the assets and debts brought into the marriage as well as protect future financial transactions. Some things to consider are:

  • Is one of you due to receive an inheritance whether in the form of money or physical property?
  • Is there a life insurance policy for children from a previous marriage? How will children from this marriage be protected?
  • If there are separate bank accounts, who is responsible for which bills, including mortgages?
  • What happens if one parent foregoes their job in order to care for your children?

Your wedding day is one of the happiest experiences you’ll have. No one wants to consider the possibility of divorcing; however, there are times it’s best to plan for the worst. The attorneys at Ruppert & Schaefer, P.C. can help you draw up a prenuptial agreement before your wedding. If you would like to schedule an appointment, please call (317) 580-9295.