Mankato Prenuptial Agreement Lawyer
Prenuptial agreements can be incredibly beneficial because they create peace of mind between the couple that is about to get married. However, understanding the ins and outs of a prenuptial agreement can be complicated. There are many misconceptions about what a prenuptial agreement is, but the team at Knutson + Casey is ready to help. When you need a Mankato prenuptial agreement lawyer, contact us today.
Choosing Knutson + Casey for Family Law Matters
When you are working to take the next step in your life by getting married, you need an attorney with extensive experience handling family law issues. Knutson + Casey is ready to stand by your side.
- Our attorneys will take the time to get to know you and your situation personally so that we have a full understanding of your goals and needs during this phase of your life.
- Our clients always have direct access to their attorney when they have any questions or concerns about the process of drafting their prenuptial agreement.
- We understand how important your finances are, which is why we structure our fees in a way that is fair for everybody involved.
Reasons to Consider a Prenuptial Agreement
Prenuptial agreements get an unnecessarily bad reputation on TV and movies. The reality is that prenuptial agreements can be incredibly beneficial and often lead to healthier marriages. A prenuptial agreement is a contract that two people sign before they get married that designates how their assets will be divided in the event a divorce occurs or on one party’s death.
One of the main reasons to consider getting a prenuptial agreement is that, statistically, divorces are not uncommon. While nobody gets into a marriage thinking about getting divorced, the truth is that it could happen. Some reasons to consider a prenuptial agreement include:
- If one spouse has a lot to lose in a divorce
- If both spouses have a lot to lose in a divorce
- If either spouse is on their second, third, or subsequent marriage
- If either spouse has children from a previous marriage (to specify inheritance rights)
In order to create an enforceable prenuptial agreement in Minnesota, there must be “full and fair disclosure” of both spouse’s property and earnings, and each party must be given the opportunity to consult with a legal advisor of their choice before signing the agreement, though they are not required to seek legal advice if they choose not to (MN 519.11). In essence, this prevents one party from surprising the other with a prenuptial agreement on their wedding day.
Postnuptial Agreements in Minnesota
A postnuptial agreement is similar to a prenuptial agreement except that this will be made after a couple is already married. However, the key difference between a prenuptial agreement and a postnuptial agreement in Minnesota is that a postnuptial agreement will not be enforceable unless each party has sought separate legal representation before consenting. In some cases, a postnuptial contract may be unenforceable if either spouse files for divorce or legal separation within two years from the signing of the agreement.
Do I Need an Attorney for a Prenup?
While not legally required, having an attorney for a prenuptial agreement is strongly encouraged. In fact, both people involved should seek assistance from a Manakto family law attorney of their choosing and should not rely on the legal advice received from their prospective spouse or their prospective spouse’s attorney.
If you are considering obtaining a prenuptial agreement, the team at Knutson + Casey is ready to help. Our Mankato prenuptial agreement lawyers have extensive experience handling these matters, and we will make sure that your prenuptial agreement is fair for you and legally enforceable. For a free case evaluation, contact us online or call (507) 344-8888.