This bill amends existing Iowa law to allow spouses to amend premarital agreements, which was previously limited to revocation or enforcement. It introduces a requirement that any amendment must be in writing and signed by both parties, and it must also adhere to any additional criteria specified in the original premarital agreement. The bill further clarifies the conditions under which a premarital agreement or its amendment can be revoked, emphasizing the need for consent from both spouses unless specific legal criteria are met.

Additionally, the bill outlines that issues of unconscionability regarding premarital agreements or their amendments will be determined by the court as a matter of law. The changes will take effect for proceedings concerning premarital agreement amendments that commence on or after July 1, 2025. Overall, this legislation aims to provide greater flexibility for couples in managing their premarital agreements while ensuring that certain legal protections remain in place.

Statutes affected:
Introduced: 596.5, 597.2, 596.7, 596.8, 596.9