When you hear the term prenup, most people think of wealthy people that have incredibly lavish weddings and make a lot of money. Commonly, you hear about professional athletes, celebrities, doctor’s and other highly paid professionals signing a prenuptial agreement when they get married. Although prenups are popular for the wealthy, they can also be beneficial for couples that do not bring home a lot of money. If you are looking for a way to protect yourself should a breakup occur, Kallemeyn & Kallemeyn Law Firm can assist you with developing a prenuptial agreement. Serving the greater Minnesota area, our experienced staff specializes in family law.
Reasons A Prenup Might Be A Good Idea
Even for those of us that do not make very much money, there are other factors that may make a prenup beneficial, including:
- Relocation – Often times with a marriage, one person is forced to give up what they have in one part of the state or country, and move to be with their spouse. Although part of marriage is taking the step and becoming one, protecting yourself should a breakup occur is not a bad idea. A prenup can ensure that you are taken care of financially regarding relocation, should a divorce occur in the future.
- Quitting Job to Care for Children – When your family expands, often times one of the parents decides to quit their job and stay at home with the kids. A prenup can break down the finances to help you maintain a standard of living should a breakup occur after you quit your job.
- Student Loans – Signing a prenup can provide a fair way to handle the common issue that young couples face today, student loans. If you are helping pay for your spouses education and then you divorce, the spouse has gained an education and earning potential thanks to your assistance. The prenup can characterize how to fairly handle this type of situation should a divorce occur.
- Debt – Kristin Wong, author of the article “Why Prenups Aren’t Just for Rich People” also references how prenuptial agreements can help determine who owns any debt obtained during the marriage.
So, if you live in Minnesota, are about to get married, and want to ensure that you are protecting yourself should a breakup occur, Kallemeyn & Kallemeyn, PLLC is here to help. Give us a call today at (763) 427-5131 to set up some time to discuss your options surrounding a prenup.