While many couples who create prenuptial agreements have wealth, anyone can benefit from such an arrangement. In many cases, it can help Minnesota residents keep the cost of their divorce to a minimum, and this is important because the divorce itself can cost more than a wedding. Divorces tend to be expensive because people often act in an emotional as opposed to a logical manner. They may be willing to spend time and money squabbling over minor household possessions.
A prenuptial agreement makes it possible to clearly establish who owns an asset or is responsible for a debt before a wedding occurs. Generally speaking, assets have not been commingled prior to this event taking place. Therefore, it is typically easier to determine who owns what, and the process of assigning assets and debts can take place in a calm and rational manner.