The Benefits Of Prenuptial And Postnuptial Agreements
Prenuptial agreements are essentially contracts between soon-to-be spouses establishing their rights. They determine what will happen in the event of divorce. They are particularly important for setting out each spouse’s property rights, for example, by:
- Determining how property division will be accomplished
- Establishing which property is nonmarital and therefore not subject to division
- Governing whether either spouse will be entitled to alimony (spousal maintenance)
Certain subjects such as child custody and child support cannot be determined through prenuptial or postnuptial agreements.
Both prenuptial and postnuptial agreements can serve an important role in establishing couples’ rights and expectations. If properly drafted and executed, they can avoid problems down the road. They are particularly useful for couples with significant assets or income as well as those with prior marriages. However, because of the complexity of the legal requirements surrounding marital contracts, it is important to seek professional legal guidance.
How Can You Enter A Prenup Or Postnup?
In Minnesota, prenuptial agreements must comply with certain legal requirements to be valid. They must be in writing, signed by both parties and notarized. Both parties must have fully disclosed their financial situations beforehand. Additionally, both parties must have had an opportunity to consult with a lawyer before signing. So long as these and other legal requirements are satisfied, anyone can enter into a prenuptial agreement.
Postnuptial agreements, however, are subject to stricter requirements. Only the wealthiest couples who meet a certain monetary threshold can enter into postmarital agreements. Both spouses must be represented by independent lawyers, and several other important requirements must be satisfied.
How We Can Help
At Marvin Law Office, L.L.C., in Anoka County, our lawyer drafts prenuptial agreements as well as postnuptial agreements for clients seeking to gain security for the future. Joseph E. Marvin has more than 30 years of legal experience serving family law clients throughout the Anoka County area. He can help you achieve your objectives in an efficient and cost-effective manner.
Our firm also helps clients navigate divorce proceedings involving prenups or postnups. Disputes often arise over the validity or enforceability of these agreements. Attorney Joe Marvin understands how to handle the complex legal issues that often arise in these cases.
Find Out If Prenuptial Or Postnuptial Agreement Is Right For You
Do you have more questions about prenuptial or postnuptial agreements Are you ready to get one? Get clarity and peace of mind knowing that an experienced legal professional is looking out for your interests. Contact us today to schedule consultation with attorney Joe Marvin.