Minnesota law provides a process for couples to enter into agreements to assist in directing how their finances and property will be allocated in the event that the marriage ends in divorce, separation, or in the event of the death of either spouse. These agreements are called antenuptial or prenuptial agreements.
Antenuptial agreements are not just for wealthy families with complex financial concerns, but can be used in a variety of circumstances to address concerns like family farms, small closely held business, marriages where there are prior children involved, pre-marital property or debts. Antenuptial agreements, like any contract, can act as a safeguard for each individual, extended family, business partners and others in the event of divorce or the death of one spouse.
Antenuptial agreements are governed under Minnesota Statute §519.11.