A prenuptial agreement is an important but sometimes unsavory topic for couples in Minnesota. This is especially true when there is considerable family wealth at stake. While everyone hopes a marriage lasts forever, the fact that almost half of all marriages end in divorce cannot be ignored. High-asset divorces can be costly and financially devastating. However, a prenup can prevent many of these costs and losses.
In wealthy families, the parents are often more concerned with prenuptial agreements than their children are. If a child has not been educated well about finances, the family’s wealth or the importance of a prenup, they may avoid having this conversation with their partner. Parents might then try to force the issue, which could make the potential spouse feel targeted or threatened. Some experts suggest that parents avoid these problems by having the prenup conversation with their children early, before a marriage is even being considered.