Prenuptial Agreements Make Good Financial Sense
With more people than ever bringing significant assets into marriage, a prenuptial agreement is not unromantic, it's just good financial sense. By working with the family law attorneys at Brudvik Law Office, our clients in North Dakota and western Minnesota who prepare premarital agreements are able to strengthen the bond between them and eliminate concerns that may otherwise hang over their marriage.
Prenuptial agreements allow individuals to protect individual assets they are bringing into a marriage, such as a business or other complex holdings. Another common issue addressed in premarital agreements is protecting the inheritance that is already set aside for children from a previous marriage.
Also, if one spouse enters into a high-risk business venture, a prenuptial or postnuptial agreement can legally disassociate the other spouse from financial responsibility for that business.
Avoid Last-Minute Planning
It is smart to address the creation of a prenuptial agreement early. A significant amount of work may need to be accomplished ahead of time, including accurate valuation of assets. A prenup is not something you want to rush into existence.
It is also wise for both parties to retain separate legal counsel to review a prenuptial agreement before it is signed. It is important to fully understand what your agreement accomplishes before you approve it.
Start The Prenup Process Today
One of our lawyers will be happy to walk you through the prenup process and answer any questions you have during a consultation. We can meet with you in West Fargo or any of our other office locations. Call or use our online contact form to schedule a meeting.