Easy Questions  
Free Legal Documents

Deciding Whether a Pre-Nuptial Agreement is Right for You in Adolph, MN

Deciding Whether a Pre-Nuptial Agreement is Right for You in Adolph, MN


Love is a symbol of eternity. It wipes out all sense of time, destroying all memory of a beginning and all fear of an end.
 
- Author Unknown


A prenuptial agreement is a contract executed by a couple before they marry concerning the ownership of their respective assets should the marriage fail. Nothing kills romance faster than the word pre-nup. On a practical level, with almost half of all marriages ending in divorce, a prenup may be an insurance policy in case things don't work out long term.

Marriage is not just an emotional and physical union, it's also a financial union. A prenup and the discussions that go with it can help place the financial well-being of the marriage on a solid foundation. The contract spells out how assets will be distributed in the event of divorce or death.

Getting to know your assets and property can help make up your mind if need to have a prenuptial agreement before you get married. There are three steps to determine this:

1. Take a Prenuptial Quiz. If you and your spouse-to-be answer yes to any of these questions, chances are having a pre-nup is helpful. If most answers are no, aprenup can still be helpful but not as critical.<.p>

  • Do either of you possess any real estate?
  • Do either of you possess money amounting to $50,000 or more aside from having real estate?
  • Do either of you own a business?
  • Do either of you earn more than $100,000 annually?
  • Do either of you have any valuable employment benefits like stock options or profit sharing or have you earned more than a year's worth of retirement benefits?
  • Does either of you plan to pursue an advance degree while the other one works?
  • Do either of you have other heirs for your estate other than your spouse when you die?


  • 2. Identify Important Issues

    List all the issues you want addressed in a prenuptial agreement. In this way you can check and discuss these issues with your spouse-to-be. These issues may touch upon subjects like separation of property, how to handle money and property during the course of marriage, alimony, or how your property will be treated after death.

    Other common prenup topics may include:

  • Joint or separate property
  • Estate planning issues including leaving family property or provisions for children from previous marriage
  • Handling of separate businesses
  • Separate handling of each person's debts
  • In case of separation or divorce, who gets what, including alimony
  • Income tax returns, filing and allocation of income
  • Who will be responsible for the household expenses and how payments will be funded
  • Managing joint bank accounts and separate bank accounts
  • Specific big ticket purchases
  • Credit card charges and and how payments will be funded
  • Investment and savings plans for the future
  • Arrangements regarding education
  • Agreements regarding the provisions for the surviving spouse just in case the other one passes away.
  • How to settle disagreements in the future


  • 3. Assess your Comfort Level

    On a scale from 1 to 5, with 5 being the highest, how comfortable are you with the idea of having a prenup? How comfortable do you estimate your spouse-to-be will be with a prenup?

    Score of one to two: What are the reasons for your discomfort? Are you unsure whether you are in a better legal and financial position without a prenup vs. with a prenup? Do you know enough about the laws and regulations about prenup in your state? Are you worried about offending your fiancé? Is it possible that the two of you need to be able to talk about difficult matters in a loving way, as a way to pave the way for more open communication with your spouse-to-be in the future?

    Score from three to five: if you are comfortable enough to talk to your fiancé, then go ahead and start discussing the specifics. Discussing it in a level-headed manner can be a good start to see each other eye to eye. Be open about the discussion and don't take all in one go. Take your time, be open minded and build on trust openness and transparency.

     
    Personalize & Print a Free MN Premarital Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Page 6
    Page 7
    Page 8
    Page 9
    Page 10
    Page 11
     
    Personalize & Print a Free MN Power of Attorney Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Related Legal Services near Adolph, MN
    Walsh & Gaertner, P.A.
    24 4th St E
    Saint Paul, MN 55101
    (651) 228-9968
    Criminal Law Attorneys,  Family Law Attorneys,  Social Security & Disability Law Attorneys,  Persona
    Sunray Law Office
    PO Box 67
    Brainerd, MN 56401
    (218) 270-9938
    Attorneys, General Practice Attorneys, Legal Service Plans
    Austin Advocacy and Law Center
    212 2nd Ave N
    Minneapolis, MN 55401
    (612) 200-9919
    General Practice Attorneys, Attorneys, Legal Service Plans
    McNeilly Law Firm
    333 Washington Ave N Ste 300
    Minneapolis, MN 55401
    (612) 349-9866
    Attorneys, Legal Service Plans, Criminal Law Attorneys, Juvenile Law Attorneys, Corporation & Partne
    Nolen Law Office
    333 Washington Ave N Ste 300
    Minneapolis, MN 55401
    (612) 373-9844
    General Practice Attorneys, Attorneys
    Minnesota Disability Law Center
    12 Civic Center Plz Ste 3000A
    Mankato, MN 56001
    (507) 389-9826
    Attorneys, General Practice Attorneys, Legal Service Plans
    Cutshall Law Offices PA
    333 Washington Ave N Ste 317
    Minneapolis, MN 55401
    (612) 373-9818
    Attorneys, General Practice Attorneys, Legal Service Plans
    Kitzmann Stuart J
    916 Washington Ave
    Detroit Lakes, MN 56501
    (218) 846-9712
    Attorneys,  Family Law Attorneys,  DUI & DWI Attorneys,  General Practice Attorneys,  Legal Service
    Fitzpatrick Thomas A
    411 Front St
    Brainerd, MN 56401
    (218) 829-9692
    Attorneys,  Labor & Employment Law Attorneys,  Corporation & Partnership Law Attorneys,  Real Estate
    Western Minnesota Legal Svc
    415 7th St SW
    Willmar, MN 56201
    (320) 235-9600
    Attorneys, Legal Service Plans
    Cooper Law Firm
    1201 Yale Place-Loving Grn E, Bldg Ste
    Minneapolis, MN 55401
    (651) 225-9559
    Attorneys, General Practice Attorneys, Legal Service Plans
    Koslow & Associates In Butler Square Bldg
    123 N 3rd St
    Minneapolis, MN 55401
    (612) 252-9488
    Attorneys, Legal Service Plans
    Anderson Gwen M
    803 W Saint Germain St
    Saint Cloud, MN 56301
    (320) 240-9423
    Attorneys, Legal Service Plans
    Jeddeloh & Snyder PA
    803 W Saint Germain St Germain
    Saint Cloud, MN 56301
    (320) 240-9423
    Probate Law Attorneys,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Wills, Trusts & Esta
    Bethel and Associates
    336 Robert St N
    Saint Paul, MN 55101
    (651) 292-9406
    Corporation & Partnership Law Attorneys, Attorneys, Business Law Attorneys
    Nelson Eric
    400 2nd Ave S # 700
    Minneapolis, MN 55401
    (612) 321-9402
    Attorneys
    Simmonds & Wright LLP
    881 E Madison Ave
    Mankato, MN 56001
    (507) 205-9398
    Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Attorneys
    Richard A. Ohlsen
    417 Laurel St
    Brainerd, MN 56401
    (218) 825-9334
    Bankruptcy Law Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
    Klaers Michael J Cpa/Atty
    416 6th St SW
    Willmar, MN 56201
    (320) 235-9318
    Attorneys, Legal Service Plans
    Culberth Celeste
    444 Cedar St # 1050
    Saint Paul, MN 55101
    (651) 290-9300
    General Practice Attorneys, Attorneys
    Charpentier & Lange
    718 Front St
    Brainerd, MN 56401
    (855) 334-9281
    Probate Law Attorneys,  Attorneys,  Family Law Attorneys,  Wills, Trusts & Estate Planning Attorney
    Biglow Michael J
    401 2nd Ave S
    Minneapolis, MN 55401
    (612) 339-9221
    General Practice Attorneys, Attorneys, Legal Service Plans
    Lackore Ramona C
    432 Litchfield Ave SW
    Willmar, MN 56201
    (320) 235-9203
    Attorneys, General Practice Attorneys
    Enger Robert
    215 4th St NW
    Bemidji, MN 56601
    (218) 751-9201
    Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US