• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
Call For A Free Consultation651-686-8800
  • Firm Overview
    • Articles
    • Settlements & Verdicts
    • Video Center
  • Attorneys
    • Jeffrey S. Sheridan
    • DeAnne L. Dulas
    • Andrew T. Hunstad
    • Randall A. Kins
  • Practice Areas
    • Criminal Defense
    • Aggressive DWI Defense
    • Aviation Lawyers
    • Family Law
    • Estate Planning & Litigation
    • LGBT Rights and Family Issues
    • Business Law And Litigation
      • Real Estate Law
      • Small Business Law
    • Federal Workers’ Compensation
    • Other Areas Of Law
  • Blog
  • Contact

Can Assets Be Protected Without Prenuptial Agreements?

May 15, 2015 by Sheridan & Dulas, P.A.

A prenuptial agreement is a good way for Minnesota couples to protect assets. Whether they amassed millions or even billions of dollars from running a successful business or inherited real estate from a relative, many want to hold onto their property as long as possible. Splitting it up in a divorce is not a desirable option for many. So when it comes time to walk down the aisle, what happens when the other party refuses to sign a prenuptial agreement? Can the property still be protected?

Many people don’t believe in prenuptial agreements, as they can seem unromantic to a couple deeply in love. Or maybe it just wasn’t thought about, with wedding planning on the mind. Whatever the reason, once the couple has tied the knot, keeping assets separate becomes more and more difficult. The key is to keep non-marital property from being commingled – joined with the other partner’s assets.

Once this happens, any assets owned before marriage become marital property. This includes not only cash, but real estate, businesses and retirement accounts. But by keeping the other partner off the deed of the house, for example, a person can keep a house in his or her name only. Another good tip? If there are retirement accounts involved, keep every statement from the wedding date through the divorce. It’s possible that the amount in the account at the time of marriage won’t have to be split. Also, if there is a business involved, get a valuation right around the wedding date. That way, only the amount of appreciation, not the entire value of the company, is split in a divorce.

Protecting assets without a prenup requires extreme discipline. A person needs to be financially savvy in order to keep property separate. One wrong move and a person could be headed for financial disaster. A prenuptial agreement may be a way for those who want to protect a substantial amount of money or other assets without having to keep a close watch on every dollar.

Source: Time, “5 Ways to Protect Your Money Without a Prenup,” Rebecca Zung, May 6, 2015

Categories: Prenuptial Agreements Tags: Family Law, Marital Property, Prenuptial Agreements, protect assets

Primary Sidebar

Practice Areas

  • Criminal Defense
  • Aggressive DWI Defense
  • Family Law
  • Estate Planning & Litigation
  • LGBT Rights and Family Issues
  • Aviation Law
  • Federal Workers’ Compensation
  • Business Law And Litigation
    • Small Business Law
    • Real Estate Law
  • Other Areas Of Law

Contact the Firm

    Footer

    Schedule a Consultation

    Sheridan & Dulas, P.A. logo Sheridan & Dulas, P.A.

    1380 Corporate Center Curve #320
    Eagan, MN 55121

    Tel: 651-686-8800
    Driving Directions

    Hours

    Mon-Fri: 8:30 am – 5:00 pm

    Schedule a Consultation

    Practice Areas

    • Criminal Defense
    • Aggressive DWI Defense
    • Family Law
    • Estate Planning & Litigation
    • LGBT Rights and Family Issues
    • Aviation Law
    • Federal Workers’ Compensation
    • Business Law And Litigation
      • Small Business Law
      • Real Estate Law
    • Other Areas Of Law
    The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any matter. The transmission and receipt of information contained on this website, in whole or in part, or communication with the Sheridan & Dulas, P.A. via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient. You should not send any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose will not be privileged or confidential unless this firm has agreed to act as your legal counsel and you have executed a written engagement agreement with Sheridan & Dulas, P.A.. | Copyright © 2021 | All rights reserved | Disclaimer | Privacy Policy | Sitemap