What is a Prenuptial Agreement?

A prenuptial agreement is a contract made between two individuals who are 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 certain issues not set forth in a will if either spouse dies. A prenuptial agreement only becomes enforceable if the couple gets married. A qualified divorce attorney will help in the details of a prenuptial agreement.

Who Needs a Prenuptial Agreement?

Usually individuals with significant assets execute a prenuptial agreement to keep their money and property separate. However, any person with a marriage in their future is encouraged to contact a family law attorney to discuss the benefits of a prenuptial agreement. Also, couples on a second or third marriage may use it to avoid another messy divorce. If you are considering a prenuptial agreement prior to your upcoming marriage, an experienced family law attorney can help you. 

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.

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