While premarital agreements may have something of a bad reputation, they are actually nothing more than legal contracts created prior to marriage and executed upon marriage that can help smooth the path toward divorce when marriages do end. Because divorce is always a possibility, premarital contracts are gaining in popularity – without increasing the divorce rate. If you have questions or concerns about a premarital agreement, don’t wait to consult with an experienced premarital agreement attorney in Chicago.
In Illinois, premarital agreements – often called prenuptial agreements – set the parameters for how couples will handle financial terms, such as the division of marital property and alimony – in the event their marriages end in divorce. Prenuptial agreements, however, can also play an important role in protecting the inheritance rights of children that either parent brings to a marriage with them. Premarital agreements are created in advance of a couple’s marriage, and they don’t go into effect until the couple does marry. If there is no marriage, the premarital agreement has no bearing.
Premarital agreements are generally enforceable as long as all the following are true:
Generally, your premarital agreement can address any financial concern you’d like it to, including:
Just as there are terms that are routinely addressed in premarital agreements, there are also terms that cannot be included. In fact, their inclusion could nullify the entire contract. Consider the following:
A premarital agreement can provide you with the peace of mind that comes from knowing how financial matters would be resolved if your marriage did end in divorce, which can acquire you the space you need to focus on your marriage. The seasoned premarital agreement attorneys at WARD FAMILY LAW in Chicago are standing by to skillfully address your concerns and questions, so please don’t hesitate to contact us today.
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