1. Parties to a premarital agreement may contract with respect to the following:

 a. The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located.
 b. The right to buy, sell, use, transfer, exchange, abandon, lease, consume, expend, assign, create a security interest in, mortgage, encumber, dispose of, or otherwise manage and control property.
 c. The disposition of property upon separation, dissolution of the marriage, death, or the occurrence or nonoccurrence of any other event.
 d. The making of a will, trust, or other arrangement to carry out the provisions of the agreement.
 e. The ownership rights in and disposition of the death benefit from a life insurance policy.
 f. The choice of law governing the construction of the agreement.
 g. 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.

Terms Used In Iowa Code 596.5

  • Child: includes child by adoption. See Iowa Code 4.1
  • Contract: A legal written agreement that becomes binding when signed.
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Premarital agreement: means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage. See Iowa Code 596.1
  • Property: means an interest, present or future, legal or equitable, vested or contingent, in real or personal property. See Iowa Code 596.1
  • security: includes , but is not limited to, a certificated security, an uncertificated security, and a security account. See Iowa Code 633D.2
  • Statute: A law passed by a legislature.
 2. The right of a spouse or child to support shall not be adversely affected by a premarital agreement.
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