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Oak Park family law attorney prenuptial agreement

The idea of signing a prenuptial agreement (prenup) is often thought to be a taboo topic to bring up with your spouse or loved one. Some people may think that wanting a prenup is a sign that you do not trust your soon-to-be spouse, or that you do not see the marriage lasting. While these perceived negatives do exist with regard to prenups, many millennials are still deciding to enter into this legal document. In the past, many couples got married right out of high school or college, with little or no savings or income, and also filing for divorce was considered giving up too easily. But times have changed, and so have views regarding marriage. With many couples waiting to get married until they are in their 30s or even 40s, such individuals often have many more assets to bring into a marriage, making them want to consider entering into a prenuptial agreement.

A Financial Gap

The most common reason that you may have heard of prenuptial agreements is that many celebrities enter into them to protect their assets in case of divorce. While not everyone is a rich and famous celebrity, it is fairly common for individuals to come into a marriage with very different financial situations. One spouse may have a large sum of money in savings, or perhaps he or she received an inheritance from a family member, while his or her partner is not as financially fortunate. Upon getting married without a prenup addressing this kind of a large asset difference, oftentimes most assets will then be considered marital. This could mean that your spouse might be able to receive a portion of your money in the event a divorce occurs. However, if you address this asset gap before the marriage in a prenup, your savings are more likely to be protected and reserved for you.

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Hillside prenup lawyer alimony property division

Marriage is a big decision, and before entering into that legal partnership with your spouse, you may want to take steps to protect your rights, your property, and your finances. In many cases, a prenuptial agreement can be beneficial for both spouses. However, before entering into a premarital agreement, you will need clarification on what can and cannot be included in the prenup. Discussing your thoughts and ideas with an experienced family law attorney will ensure that you understand how to create an agreement that meets your needs.  

Personal Matters

Before getting married, you may want to address how certain matters will be handled between you and your spouse. While a prenup may include certain rules about personal issues such as chores, holiday plans, friendships, or hobbies, these terms will typically not be legally enforceable. For example, you may want to make an agreement about who will be responsible for cooking and cleaning, but a prenup cannot impose penalties if one spouse fails to abide by these arrangements. You should speak to your attorney to discuss whether to include these types of terms in your prenup.

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