Prior Lake Prenuptial Agreement Attorneys
Generally, people regard prenuptial and postnuptial agreements as only something only for those with a high net-worth. However, marital agreements have become commonplace in many modern-day marriages with modest assets.
At Julius and Shaughnessy, we will help you pinpoint the type of prenuptial/postnuptial agreement that would work best within your marriage. We have extensive experience in Minnesota family law and divorce, enabling us to quickly determine the options most fitting for your individual scenario. For more intensive details regarding the benefits of pre- and postnuptial agreements, we recommend speaking with one of our Prior Lake prenuptial agreement attorneys.
Prenuptial And Postnuptial Agreements
Prenuptial agreements occur before the marriage is made legal, while postnuptial agreements are drafted after the marriage has occurred. In both situations, each party is required to list their assets completely. If there is not full disclosure when the agreement is drafted, it will not be enforceable. We can also assist same-sex couples wishing to create a cohabitation agreement in order to protect their property rights.
A prenuptial or postnuptial agreement allows the parties to address the rights of each spouse if the case of the marriage ending in divorce or one party passing away before the other. Typical issues included in the agreement are:
- Property division
- Spousal maintenance
- Child support
- Protecting one party from the debts or liability of the other
Defining each party’s rights is important, regardless of if you’re entering a first marriage, a blended family or going into a second marriage. In addition to protecting the individual’s rights, parties with children often use marital agreements to delegate assets for their children.
Our Prior Lake prenuptial agreement lawyers will perform a marital estate valuation prior to drafting prenuptial/postnuptial agreements. Our Prior Lake prenuptial agreement attorneys have experience in valuing sophisticated assets such as businesses, stock portfolios and family farms.