Pre and Post-Nuptial Agreements Attorney in Eagan, Minnesota
What mistakes do people make when it comes to premarital agreements?
What mistakes do people make when it comes to premarital agreements?
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farmland can be very complex it depends
on the ownership
when there’s cases where
in particular in kind of farmland
situations where somebody owns a plot of
land that was gifted to them by
their parents and then they purchased
other land over the course of time
trying to identify the parcels and
trying to identify
any ownership interests to trace the the
non-marital claims that would be into
that
asset if there’s subsequent improvements
to a homestead that was on that asset to
make a determination as to what kind of
value you would apply to that homestead
given the non-marital and the
improvements
Eagan, MN family law attorney, Susan M. Gallagher talks about common mistakes people make when it comes to premarital agreements. She explains that farmland can be very complex, depending on the ownership structure. In cases involving farmland, for example, someone might own a plot of land that was gifted by their parents and have purchased additional land over time. The challenge is identifying the individual parcels and tracing any ownership interests to determine non-marital claims associated with the asset. If there have been subsequent improvements to a homestead on the property, it becomes necessary to assess the value of the homestead while accounting for both the non-marital portion and the added improvements.
