Whenever a couple living in Minnesota decide that they want to safeguard their assets from a marriage ending in divorce or death, they can utilize a Minnesota Prenuptial Agreement to specify how property and other substantial assets, including financial ones, ought to be handled.
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The agreement is written and signed prior to the marriage, and it only takes effect after the pair has been lawfully wed. Such arrangements are typically made whenever one partner has greater financial resources than the other party. Both partners need to show their assets and estates in order for the document to be upheld in court.
Despite this, a contract may indeed be ruled out by the courts and eventually proven to be useless if it is found to be unreasonable or if any party failed to properly reveal their assets and responsibilities at the time when the agreement was created.
The documentation must be signed by both partners and in addition, two witnesses ought to be present which will also need to sign. Signing should take place before a notary public for the document to be legally binding.
A Minnesota Prenuptial Agreement template can be downloaded by clicking the link below.
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