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Coronavirus Impact and Assurance: Yes! We are still open for business!

For the last year, thanks to the hard work of all of our staff, and you, our clients, no one who works at this office has gotten Covid while working here, and we have not spread a single case to any of our clients, while getting all of our client's legal needs taken care of. With the spread of vaccination the end is in sight, normal times where we can meet our clients in person in the office are just around the corner.

During the transition we will be having some in person, in office appointments for clients who have already been vaccinated, and for whom the CDC recommended period of time has passed since their last shot. Of course, for anyone who would prefer a phone or video appointment for safety, convenience, or any other reason those types of appointments are always available.

For our clients who have not yet completed the vaccination cycle phone and video appointments are of course available, and, with the return of warm weather we will again be offering outside appointments under the tent right outside our front door. For all appointments, masks will continue to be required.

Through the transition safety of all staff and clients will continue to be our top priority, we look forward to seeing you soon.

Please see our blog for more info on pandemic response.

A prenuptial agreement today could save precious time in the future

| Aug 5, 2019 | Divorce

Wealthy couples commonly use premarital, or prenuptial, agreements to determine how their property gets divided if they get divorced in the future. However, there might be some excellent reasons for average-income Minnesota couples to use this tool and avoid a costly divorce. Although drafting a prenuptial agreement could cost more than $5,000, the benefits of having one might far outweigh the costs.

A premarital agreement defines ownership of property. When one or both spouses enter a marriage with their own property, a prenup could ensure they don’t lose it in a divorce. This is especially important in blended families where one spouse wants to protect property for his or her children from a previous relationship. Instead of avoiding the tough financial conversations early in a relationship, couples who draft these kinds of agreements may spend less in divorce court. Since disputes about money are a leading cause of divorce, having serious conversations about it earlier could result in longer marriages.

Often, one spouse in a marriage knows significantly less about the family finances than the other. While this might not cause conflict during a marriage, it could make divorce quite contentious and expensive. To prevent this problem, couples could review their prenuptial agreements annually. Annual asset and debt disclosure could help a couple resolve financial issues before they become major problems in the marriage.

A couple that gets a divorce without a prenuptial agreement may have to spend months determining how they will divide their assets and debts. An experienced family law attorney might help a client draft one of these agreements well before they actually need it so they don’t have to spend unnecessary time in divorce court later.

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