When you plan a wedding, separation is probably the last thing on your mind. But for some people, having a plan in place for future events provides a sense of comfort. It is commonly thought that only the wealthy need a prenuptial agreement. This misconception couldn’t be farther from the truth. Prenuptial agreements help all types of people, from those that come from varying degrees of wealth to those simply entering a second or subsequent marriage.
A valid prenuptial agreement is one that:
- Is in writing.
- Is entered into with full disclosure of financial condition, including property ownership.
- The parties have been given the opportunity to consult independent legal counsel.
It is essential to have a thorough understanding of the terms contained in a prenuptial agreement. Only enter a prenuptial agreement after understanding how the terms of the agreement affect your future. Family law attorneys with experience in both interpreting and drafting these documents can give you advice on the benefits and consequences of singing a prenuptial agreement. To make sure any agreement you enter into prior to marriage, consult a skilled attorney for analysis. The same holds true when you are seeking to have an agreement drafted for signature by your significant other. The peace of mind in knowing how future events will be addressed is one of the chief advantages of a prenuptial agreement.
If you have been presented with a prenuptial agreement or are considering having one drafted, consult a Minnesota family lawyer with experience for review. We are adept at interpretation of these agreements, and are also skilled in drafting them. We address the issues that matter most to you, to your satisfaction.
