Family Law 101: Do I Really Need a Prenuptual Agreement?
Prenuptial agreements are not just for the rich and famous. A prenuptial agreement allows couples to dictate how their property, including property they brought into the marriage, will be divided in the event of death or dissolution of their marriage. Effectively, parties to a prenuptial agreement agree that they will determine the law that applies, rather than allow Minnesota law to determine each party’s rights and obligations. So, while everyone believes their marriage will last forever, the reality is that not all of them do. Also, parties may decide to be married later in life, once they have accumulated some wealth and property interests, and they may want a prenuptial agreement to ensure that their property is protected. …