PRENUPTIAL AGREEMENTS

Illinois Premarital Agreements Attorney

 

A premarital agreement – also known as a prenuptial agreement – is a contract the spouses enter into prior to marriage. The premarital agreement has the purpose of predetermining the distribution of property if the marriage ends in divorce.

 

The prenuptial agreement often provides for the amount of support that a spouse will receive in the event of a dissolution. Years ago, prenuptial agreements used to be for the wealthy, however today that's no longer true.  The prenuptial agreement is in wide use among people of various income brackets and ages.

 

Prenuptial agreements are particularly important in second, third and subsequent marriages, where one or both spouses comes into the marriage with a business or significant wealth and when a person wants to protect an inheritance.

A Premarital Agreement May Not Be Drawn to Predetermine Child Support Issues

 

Spouses commonly wish to address custody and child support issues in their prenuptial agreements; however, because the needs of children are always changing and some needs are unforseen, child support cannot be addressed in a prenuptial agreement.

Without a Prenuptial Agreement, Marital Property is Joint Property

 

A prenuptial agreement may benefit different people:

  • Spouses

  • Spouses-to-be who already have children, families, businesses, assets

  • Homeowners

  • Established business owners

  • Those with a professional career

  • Those who have been previously married

  • Anyone entering into marriage

  • Spouses who wish to keep their finances as separate property

While couples enter into marriage with the goal of living a long and happy life together, circumstances –and people-change. Love and commitment does come and go far more frequently than would be anticipated. Premarital agreements can minimize surprise, suffering and financial loss. 

Contact an Illinois Premarital Agreement Family Lawyer for a Complimentary Consultation:

 

If you are planning to get married you may consider a formal premarital agreement. This legal instrument can prevent future financial surprise and ruin. A prenuptial agreement can provide inner peace and surety in a world where love and marriage may not. Our attorneys are recognized throughout Illinois and are ready to meet with you to assess your case and provide sound legal strategies to address your situation.  Contact us today via email info@cieslabeeler.com or call 847.868.1860 for your free consultation.

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