
A prenuptial agreement is a legal contract that two future spouses make with each other before getting married. Its primary purpose is to outline how assets and debts will be divided in the event the marriage ends due to divorce or the death of one spouse. While a prenup may seem uncomfortable to discuss with your future spouse, it’s an incredibly practical tool used to protect both of your finances. Let’s take a closer look at what prenups are, how they work, what they’re used for, and why to get one. How Does a Prenup Work? Generally, a prenup lists each person’s assets and debts. Assets include cash, bank accounts, retirement funds, real estate, investments, and valuable items such as cars. The agreement then states specific instructions for how each asset and debt should be allocated if the marriage ends. A prenup can cover future assets and earnings in addition to present assets. A prenup can also detail how expenses and debts should be allocated during the marriage, not just after it. What Is a Prenup Used for? A prenup protects the financial interests of both parties before a marriage is finalized. It’s useful for any couple entering marriage, not just for the wealthy. A prenup is especially useful if one or both…
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Minnesota teen drivers who are convicted of an impaired driving crime or crash-related moving violation are subject to a penalty that would bar them from driving until they are at least 18 years old. This penalty is due to Vanessa’s Law. If you or your child are at risk of losing driving privileges because of Vanessa’s Law, an attorney can help you secure the best possible outcome. What Is Vanessa’s Law in Minnesota? Vanessa’s Law is a Minnesota statute that restricts driving privileges for teens convicted of an impaired driving crime or crash-related moving violation. Teens penalized under Vanessa’s Law cannot obtain a driver’s license until they are at least 18. There are slight differences in how the law applies to unlicensed teens versus teens with provisional licenses, which we’ll explain below. Vanessa’s Law was passed in May of 2004, one year after Vanessa Weiss was killed just days before turning 16. Vanessa was a passenger in a vehicle driven by an unlicensed 15-year-old. Vanessa’s Law was named in her memory and aims to protect people from injuries and fatal accidents caused by teen drivers. How Vanessa’s Law Applies to Unlicensed Teens Unlicensed teens convicted of a crash-related moving violation or alcohol/controlled substance violation cannot receive a license, provisional license, or instruction permit…
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