Minnesota residents who are going to get married have a lot to think about. One consideration is whether or not to sign a prenuptial agreement. For some, the thought of signing a prenuptial agreement is unromantic. Others may be confused about the specifics of prenuptial agreements -- the ways they can be used, their benefits and the legalities surrounding them. However, once they learn a little more, couples may find that prenuptial agreements can be a pragmatic, practical choice.
One of the biggest reasons couples choose to sign prenuptial agreements is to protect marital assets. A prenuptial agreement can protect marital assets in a number of ways. First, it can prevent one spouse from passing debts on to the other. It can also outline the financial rights and responsibilities the spouses will have during marriage.
Plus, prenuptial agreements can help determine how property will be distributed after divorce. For many, the fear of a messy property division proceeding during a divorce is strong enough to justify signing a prenuptial agreement, regardless of how strong the marriage is. A prenuptial agreement can help ensure that the property division part of divorce will proceed smoothly. It can also help prevent financial ruin.
These are just a few of the many ways prenuptial agreements can help couples make sure they are protected from certain unwanted scenarios in the event of a divorce. Even if divorce seems like an unlikely possibility, the protections that come with a prenuptial agreement are enough for many couples to justify signing one. Attorneys are available to help soon-to-be married couples draft a prenuptial agreement that satisfies their wishes and goals.
Source: FindLaw, "Can Prenuptial Agreements Help You?," Accessed on March 27, 2017