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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.

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Oak Park divorce attorney asset division

Every step of the divorce process is difficult. First, you make the decision to get a divorce that will forever alter your life, and then you must watch your life be divided up by two legal teams and your former spouse. Typically, children and finances are the subjects that bring up the most deliberation between soon-to-be exes. It can be difficult to watch everything in your life become a number to be split, but unfortunately, this is inevitable for those filing for divorce. Some couples may keep separate bank accounts throughout their marriage for their own sense of security and to be prepared for divorce if the relationship does not last. This decision is often made without consulting legal professionals or having a proper understanding of Illinois’ property division laws. Before you and your spouse decide to stay financially separate, you should recognize how this will affect your divorce.

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Oak Park prenup postnup lawyerEvery year, thousands of American couples file for divorce. Ending your marriage can be one of the most emotionally trying times in your life, but sometimes a divorce can come with more than just emotional challenges. In the aftermath of a divorce, many people are left with a complete lack of financial security. In order to avoid this, you may wish to enter into a prenuptial or postnuptial agreement that will ensure that your financial future will be intact, no matter what happens in your marriage. When preparing to secure the financial well-being of you and your family, it would be very wise to meet with a skilled family law attorney regarding a prenup or postnup. 

What a Prenuptial or Postnuptial Agreement Could Mean For You 

A prenuptial agreement is a private agreement made between a couple prior to their marriage. The agreement will explicitly define the manner in which the couple’s assets will be divided in the event of a divorce, and it may address other issues, such as spousal maintenance. Here in the state of Illinois, prenuptial agreements are defined under the Illinois Uniform Premarital Agreement Act. According to Illinois state law, a prenup is only valid after both parties have signed and consented to the terms of the agreement. 

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Hillside prenuptial agreement attorneyDivorces can sometimes be messy, long, and complicated. As a result, prenuptial agreements have become increasingly popular for many couples, since they can help avoid some of the issues that can make divorces more difficult. Contrary to what movies or television shows might have us believe, prenuptial agreements can be utilized by more than just the uber-wealthy. These agreements can be helpful for any couple, because they allow spouses to make decisions about how certain matters will be handled in the event of a divorce. 

While a prenuptial agreement can be beneficial for you and your spouse, it must follow specific legal rules about its content and format. If you do not follow these rules, your prenuptial agreement may not hold up in court. Here are a few reasons why your agreement may be found to be invalid in court:

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Posted on in Family Law

Oak Park prenuptial agreement lawyerWhile you hope your marriage will stand the test of time, there is nothing wrong with planning for the worst-case scenario before you tie the knot. A prenuptial agreement is not an indictment of your relationship or its long-term potential. Instead, it displays a couple’s willingness and vision to account for various important issues if the marriage someday comes to an end. It can be considered an insurance policy to protect both parties.

If you are unsure if a prenup is right for you, here are some examples of types of individuals who should strongly consider crafting one with the help of a skilled family law attorney prior to their wedding day: 

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