Prenuptial and postnuptial agreements are becoming more common as couples desire greater financial security. These agreements outline what would happen to your assets in the event of a divorce, and, if structured correctly, they will supersede Minnesota’s typical division of assets and property guidelines during your divorce.
Conflict about finances is one of the most commonly cited reasons for divorce. People want to feel secure in knowing their finances won’t be adversely affected by their spouse’s financial decisions. A prenuptial or postnuptial agreement will lay it all out on the table; both spouses have a better understanding of their financial standing if the marriage ends in divorce. By disclosing your assets, having an earnest conversation, and taking care of the “what-ifs” in your marriage, you’ll minimize your financial stress and create a healthier marriage.
Prenups and Postnups – What’s the Point?
Couples utilize prenuptial and postnuptial agreements for a number of reasons. One common reason is the desire to protect high value assets. Another motivation for creating an agreement may be to protect your assets for your children from previous relationships. If your children are used to a certain standard of financial support, you do not want that to be affected by your new marriage, or unforeseen divorce.
If you own a business that has taken off since you got married and you would like to ensure your business interests will not be affected by divorce, you may be interested in a postnuptial agreement. This type of document is very similar to a prenuptial agreement; it’s just drafted after you’re married. A postnuptial agreement is also helpful if one spouse receives a large inheritance or if the couple wants to provide for the stay at home parent in the event of a divorce.
Finally, you can utilize a prenuptial or postnuptial agreement to ensure protection of specific assets, such as valuable or sentimental family property which you may not want to be affected by your new marriage.
Prenuptial and Postnuptial Attorneys in Minnesota
When creating a prenup, you need to be certain it’s a legal document that will stand up in court if you ever need it. Willow Anderson has been helping Minnesota couples create prenuptial and postnuptial agreements since she became a family law lawyer. She knows how to ensure your document is accepted by a judge and will follow all state and federal guidelines when writing your prenuptial or postnuptial agreement.
Everyone at Willow Anderson Law is committed to making the creation of your prenup a low-stress process for you and your partner. We’ll help you create a sensible prenuptial or postnuptial agreement that suits your needs. Just give us a call to get started.