At John Bump and Michael Moore we are experienced with helping clients create prenuptial agreements. We realize this is a sensitive subject. Our goal is to help our clients through the process in a way that is respectful of their partner and at the same time protects them financially for the future.
This section describes what a prenuptial agreement is and makes suggestions about when one may want to consider a prenuptial agreement.
What is a prenuptial agreement?
A prenuptial agreement is a contract between two people about to wed, which spells out how assets will be distributed in the event of divorce or death. With about one out of three first marriages ending in divorce, a prenup can be smart financial planning for some people.
For help with your prenuptial agreement, contact us today to schedule an appointment with an experienced attorney. 714-644-7245
Who should consider a prenup?
Historically, prenuptial agreements were considered only by people of great wealth. However, in recent years, prenups have become increasingly common among a broader range of people.
Listed below are people that may want to consider a prenuptial agreement:
- Owners of company stock options
- People pursuing a degree or license in a highly paid profession
- People who may be receiving an inheritance
- Owners or partial owners of businesses
- Adults with elderly parents to care for
- People with assets such as a home, stock or retirement funds
- People who will be supporting their future spouse through college
- People who are wealthier than their partner.
People considering a prenuptial should discuss it with their partner as early as possible. It is important to be candid and to let the intended spouse know that these agreements are important and to explain why the agreement is needed. At John Bump & Michael Moore we are divorce attorneys dedicated to serving families in Hennepin County, Minneapolis, and communities throughout the Twin cities area. Call us at 714-644-7245 for a free phone consultation.
Hennepin County Divorce Attorneys serving clients in Minneapolis, St Gary, St Louis Park, Edina, Minnetonka, and communities throughout the Twin Cities area