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Post-Nuptial Agreements in Minnesota
There are times when a person does not want a divorce, but needs protection against the possibility of divorce in the future. If you are the primary wage-earner in the marriage, continued duration of marriage will prejudice you in two big ways in the event of future divorce:
Even if you’re not the primary wage-earner, you can be prejudiced by continued marriage if your spouse has a gambling addiction or other spending problem, and is dissipating your marital estate, or is racking up substantial marital debt. The post-nuptial agreement is a great way to potentially save your marriage, where the alternative would otherwise need to be a divorce just to protect your financial interests from the prejudice of continued marriage. So if you’d like to remain married, but don’t want to be prejudiced in the event of divorce, then a post-nuptial agreement is for you. This is like a pre-nuptial agreement, except that it is made during the marriage rather than before the marriage. It is a way of pre-determining issues of property and debt apportionment, and spousal maintenance, in the event of divorce. (1) In order for it to be valid, both parties must be represented by separate counsel. * THE INFORMATION IN THIS ARTICLE IS NOT ADVICE FOR YOUR PARTICULAR CASE. FOR GUIDANCE ON YOUR SITUATION, CONSULT WITH ERIC C. NELSON, ATTORNEY. ALSO, THIS INFORMATION APPLIES ONLY TO MINNESOTA LAW, AND NOT TO THE LAW OF ANY OTHER STATE OR COUNTRY. (1) Minnesota Statute section 519.11, Subdivision 2.
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Post-Nuptial Agreements in Minnesota
The non-custodial parent is responsible for paying child support. In Minnesota the amount of child support is based on the non-custodial parent's income and the number of dependent children. A court may adjust the support amount at its discretion. Factors examined for adjustment include: (1) the custodial parent's income and assets, (2) any extraordinary financial needs the child may have, such as medical or educational expenses, (3) the child's standard of living during the parents' marriage and (4) whether the paying parent receives public assistance.
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Your Right to Child Custody, Visitation & Support Cover Price: $ Your Price: $17.95 You Save: $7.00 "A Plain English Guide to Protecting Your Children" Author: Mary L. Boland, Attorney at Law
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