Legal Question in Family Law in Wisconsin

Pre-nuptial agreements vs. pre-marital/first marriage debt

I am getting married in a few weeks and both of us wish to enter into a prenuptial agreement. This is a second marriage for both us and and we each have considerable debt from the previous marriage. We hope to create our agreement without a lawyer but understand there are various marital laws in WI that the agreement must adhere to. Since WI has the marital property law, does a prenuptial agreement hold up in court in regards to premarital debt? For example, my fiance has significant student loans. Should we divorce or if he passed away, would I be required to pay his student loans? The student loans, as well as credit card debt from his first marriage, are listed in his divorce papers. I'm quite concerned his ex-wife would come after me and make me pay for his debt. We also each have life-insurance left to each other and retirement/supplemental life insurances left to our children. It's a complicated manner but I'd like to do as much as possible without a lawyer (obviously, financial reasons.) If we must get a lawyer, are post-nuptial agreements just as binding as prenuptials?


Asked on 8/22/00, 8:20 pm

1 Answer from Attorneys

JAY Nixon nixon law offices

Re: Pre-nuptial agreements vs. pre-marital/first marriage debt

Marital property law in WI is almost

unbelievably complex and short answer to

nearly all of your questions is that your

nightmares could indeed come true if things

are not handled properly. Technically, the

two of you need separate attorneys to negotiate

the agreement. You can try to do it on your

own, but obviously will have nobody but you

selves to complaint to (or sue for malpractice)

if things don't turn out as expected. One

of the least appreciated benefits of an attoney

(who carries malpractice insurance) is the

extra "deep pocket" which is available when things

don't turn out as expected due to the attorney

not meeting accepted standards of care and

expertise. This benefit is especially great

in real estate transactions and large transfers

such as a marital agreement. I don't know

of any great favoritism on the part of the

courts for pre-marital vs post-marital

agreements, but would warn you that

non-marital assets and debts can very quicky

(and sometime irrevocably) convert into marital

assets, contrary to your intentions. For

example, if a creditor tries to enforces a formerly

separate obligation before you record and

serve the marital agreement, the creditor's

rights could supercede your agreement.

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Answered on 10/04/00, 9:09 pm


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