Prenuptial Agreements in Minnesota : Elements to UnderstandAugust 1, 2013 | Category: Prenuptial Agreements
Prenuptial agreements in Minnesota allow engaged couples to prepare for the worst, whether marriage ends by death, or divorce. Here are some key things to understand:
- Purpose: Determine rights and obligations of parties should a marriage end because of death or divorce.
- Contact: The law of contracts applies to prenuptial agreements
- Enforcement: Valid prenuptial agreement must have been executed in a procedurally fair manner, and must be substantively fair in its terms.
- Statutory Requirements: In addition to fairness requirements, prenuptial agreements must be accompanied by full disclosure of the income, assets and liabilities of both parties, knowledge of the right to speak to a lawyer. The agreement must be witnessed and notarized.
We’re here to help if you have prenuptial agreement questions. Call (763) 323-6555 to arrange a consultation.