You and the love of your life have recently gotten engaged. As you both start to plan for your big day, your partner asks you about creating a prenuptial agreement. At first, you’re confused, and maybe even a little bit hurt. You want to spend the rest of your life with this person.

So why are they making plans in case your marriage fails?

After some discussions, you learn that your partner fully intends to protect and honor your marriage, but they want to secure your finances in case something happens. You soon realize your partner is trying to have open and honest conversations about finances and your marriage, which you appreciate.

Now that you’re on the same page about a marital agreement…you need to make one. But how do you do that?

If you’re interested in developing a marital agreement, then it’s time to contact a lawyer. A Minneapolis marital agreement lawyer will help you create a legally binding agreement that best suits you and your partner’s needs.

Contact Martine Law today to schedule a consultation.

Common Marital Agreements

Here are some of the most common marital agreements that couples decide to create together:

Prenuptial Agreements

As the name suggests, a prenuptial agreement is created before a couple gets married. In this agreement, the couple determines how they will manage their assets and spousal maintenance if their marriage ends. This contract protects the significant assets you’ve acquired before or even during marriage. It’s important to note that you cannot include a plan for child custody or child support in a prenup.

Cohabitation Agreements

Cohabitation agreements are actually for unmarried couples who live together. The purpose of this contract is to outline financial obligations if the relationship ends. It can also include an outline for one partner if the other partner passes away.

A cohabitation agreement is a legally binding document that protects long-term couples who may share finances and debts but do not wish to get married.

Postnuptial Agreements

A postnuptial agreement is similar to a prenuptial agreement. However, it is developed after a couple gets married. Much like a prenup, a postnuptial agreement defines how you should manage your assets in the event of a divorce. This contract is helpful for married couples who did not make a prenuptial agreement before getting married.

Benefits of Working With a Marital Agreement Lawyer

To make a legally binding and enforceable marital agreement, you need an experienced attorney. While you can technically create a marital contract, you risk making it incorrectly. A marital agreement lawyer will ensure that the contract is fair and valid.

Additionally, a lawyer is your legal advocate. They will help you develop a marital agreement that protects your assets and ensures the best outcome for you in case your marriage ends. An attorney will advocate for your rights and offer your legal counsel. A lawyer is one of your best resources when developing a marital agreement.

Contact a Minneapolis Marital Agreement Lawyer Today

A marital agreement is always beneficial even if you and your partner never foresee yourself getting divorced. Sometimes divorce is inevitable, so you and your partner should be prepared. A pre- or postnuptial agreement ensures that your valuable assets are protected in case of divorce.

If you work with a reliable marital agreement attorney, you’re taking steps to protect your and your partner’s financial security.

Sometimes discussing marital agreements can be uncomfortable. But ultimately, you’re doing it to protect yourself and your partner. Do you need help constructing a fair and legal marital contract? If so, contact a Minneapolis marital agreement lawyer from Martine Law.

Call us today to schedule a consultation.