Unfortunately, statistics show that up to half of the marriages in the U.S. end in divorce. Taking a step back from the excitement and romance of an engagement to exercise prudent planning may be in the best interest of both you and your soon-to-be spouse. Valid antenuptial agreements (also known as prenuptial agreements) are favored in Minnesota courts as a contract between two consenting adults. Best & Flanagan’s Family Law team is frequently called upon to create such comprehensive ante- and postnuptial agreements that are appropriate for and personal to each client’s unique relationship.
Antenuptial agreements can include subject matter that ranges from setting forth the terms of possession and control of assets, to establishing the division of potential future earnings. Such agreements can be particularly important in the event that you or your future spouse has substantial assets, debts, business holdings, children from a prior marriage or a potentially large future inheritance. Such agreements are also highly effective in addressing situations of amplified income disparity between spouses.
We are also called upon to analyze and modify existing prenuptial agreements, as well as to devise postnuptial agreements. Postnuptial agreements are executed after a couple is married and designed to settle the couple’s finances in the event of a divorce.