Matthews Bark|”A prenuptial agreement can protect Minneapolis couples”

Source : http://www.minneapolisfamilylawattorneys.com
Category : Matthews Bark
By : minneapolis
Posted By : Contact the Attorney General

family law attorney
family law attorney

Despite how much a couple may know each other before marriage and how nice they are to one another, nothing turns the tables faster than the word divorce. In some cases, emotional pain may cause one spouse to go after the other spouse’s finances in order to “hit ’em where it hurts.” However, Minneapolis couples can avoid this ugly fight with a prenuptial agreement before the marriage.
This was the case for The Voice judge Shakira when she and her long term boyfriend of 11 years called it quits in 2010. The relationship remained amicable for a period afterwards, but soon turned ugly when the super star’s ex-boyfriend, Antonia de la Rua filed a multimillion dollar lawsuit against her. In his suit, he claimed entitlement to a large bank account in Shakira’s name. According to the ex-boyfriend, he was instrumental in Shakira’s singing success as her business advisor during their relationship, which entitled him to a portion of her fortunes. In the end, Shakira won her case by presenting old emails from her ex-boyfriend in which he renounced any claims to her fortune. Further weighing in Shakira’s favor was the introduction of a “relationship contract”, in which the couple agreed to renounce any rights to each other’s future earnings.
A couple contemplating marriage can also enter into something similar to Shakira’s “relationship contract” by signing a prenuptial agreement. Prenuptial agreements protect couples from any discrepancies about who owns what and how property will be distributed in the event of a divorce. Minnesota is considered a marital property state. This means that in the event of divorce, all property considered marital property will be equitably distributed between the parties. By Minnesota law, there is a presumption that all property is marital and the party desiring to prove otherwise has the burden of proof. Generally, prenuptial agreements can override the natural presumptions of the law. The parties can agree ahead of time what would be considered marital property and what would be considered non-marital property for purposes of equitable distribution upon divorce.
Minnesota couples with high assets or family inheritances they would like to keep in the family may benefit from considering a prenuptial agreement. A family law attorney can help an individual to determine their legal rights concerning marital property and non-marital property, as it relates to the creation or interpretation of a prenuptial agreement.

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