Divorce, also called “marriage dissolution,” terminates the legal relationship between two people. A district court grants a decree of dissolution when the court finds there has been an irretrievable breakdown of the marriage.
However, the definition of marriage dissolution is deceptively simple. Legally separating two lives involves making decisions about everything from child custody to marital property and investments, all depending on the rights and preferences of both parties. Even a seemingly minor decision can have a major impact on both parties post-divorce.
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What about Prenuptial Agreements?
You may wish to sign a prenup for many reasons. Prenups are primarily used to protect assets acquired or inherited pre-marriage, but they can also protect those acquired or inherited post-marriage. Sometimes, both parties to the prenup have been widowed and want to ensure their respective estates go to children from a previous marriage—and not to their current spouse—if they die or become divorced.