What is a Prenuptial Agreement?
A prenuptial agreement is a contract between two individuals planning to get married. It is best drawn up by a family law attorney experienced in a prenuptial agreement. It sets forth the rights of each spouse and property division in the case of a divorce. It can also address issues not outlined in a will if either spouse dies. A prenuptial agreement only becomes enforceable if the couple gets married. A qualified divorce attorney will help with the details of a prenuptial agreement.
Who Needs a Prenuptial Agreement?
Usually, individuals with significant assets execute a prenuptial agreement to separate their money and property. However, any person with a marriage in the future is encouraged to contact a family law attorney to discuss the benefits of a prenuptial agreement. Also, couples in a second or third marriage may use it to avoid another messy divorce. An experienced family law attorney can help you if you are considering a prenuptial agreement before your upcoming nuptials.
What Does a Prenuptial Agreement cover?
A Prenuptial Agreement can resolve any matter relating to the spouses’ property, alimony, assets, and debts. It may deal with some of the following issues:
- each spouse’s rights to certain property owned individually or as a couple
- the division of assets and debts in the event of divorce or death
- the division of expenses during marriage
- whether gifts and/or inheritances will be considered marital or separate property
- whether either spouse is entitled to alimony in the event of divorce, and if so, how much and for how long
- whether each spouse will receive death benefits from the other’s insurance policy
An experienced family law attorney will go over the options of a prenuptial agreement and can help you include the necessary items in your unique prenuptial agreement. Contact our office today to speak with a qualified family law attorney in the St Cloud, MN area.
Contact Family Law Attorney Kay Snyder Today!
A prenuptial agreement is a solemn contract that may be enforced in the event of a dissolution of marriage – divorce. Attorney Kay Snyder is ready to help you with prenuptial agreements.