Bill > HF616

This bill provides a comprehensive framework for amending premarital agreements in Iowa, expanding upon existing law. Currently, spouses were only allowed to revoke or enforce premarital agreements, but this new legislation explicitly allows them to amend such agreements under specific conditions. The bill requires that any amendment must be in writing, signed by both spouses, and must satisfy any additional criteria or limitations previously established in the original premarital agreement. The legislation also maintains important protections for both parties by stipulating that an amendment can be challenged if it was not executed voluntarily, is unconscionable, or if one spouse did not receive a fair and reasonable disclosure of the other spouse's financial circumstances. Furthermore, the bill specifies that if any part of an amendment is found to be unenforceable, that specific provision can be severed without invalidating the entire agreement. The law will apply to proceedings concerning premarital agreement amendments that commence on or after July 1, 2025, giving couples more flexibility in modifying their premarital agreements while preserving legal safeguards.

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https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF616