Prenup in Illinois: Understanding the Benefits and Legal Implications
The Role of Prenups in Illinois Marriages: Clarifying Financial and Legal Responsibilities The Role of a Prenup in Illinois Marriages A prenup in Illinois can be a vital component of a marriage, providing both clarity and protection for the spouses involved. While marriage is often viewed as a romantic partnership, it also entails significant financial […]
Is a Postnuptial Agreement Right for You?
If you have gotten married only to find out your financial situation is more complicated or lacks stability and protection, you are not alone. Many people do not fully understand what their new finances and property ownership look like until after they enter into a marriage. When people find themselves in this position, they may […]
Protected by a Prenuptial Agreement
Marriage can bring about immense happiness and an enduring partnership. In this day and age where assets can be complicated and investments can be extensive, a certain level of protection of your belongings becomes another financial consideration to make. This is where a prenuptial agreement comes into play. A prenuptial agreement, simply stated, is an inventory of […]
How to Create a Prenuptial Agreement That Works
Prenuptial agreements can help protect your assets and business if your marriage ends in divorce. However, if you do no set up the prenuptial agreement correctly, you could run into serious legal issues. The Timing of the Prenuptial Agreement A prenuptial agreement must be executed before the marriage. It is possible to have a postnuptial agreement […]
Asset Division: Marital and Non-Marital Property
Many, if not most, couples share their property and income after they are married. However, there are some reasons why you might want to keep some of your property separate even after you are married. How Illinois Views Marital Property Illinois has a broad view of marital property. With a few exceptions, anything that is acquired by […]
The Importance of a Prenuptial Agreement
There’s nothing in a fairy tale romance about a prenuptial agreement, and many couples shy away from drawing up this important legal document before marriage in an effort to avoid the perceived stigma of a prenup — “we only need this if one of us will be cruel or unfair in the event that our marriage […]
Prenuptial Agreements: No Matter What Age You Wed
What age presents the least risk of divorce for couples to get married at? For years, young couples have been told it is best to wait until they are older and more settled to wed, but is that really accurate advice? According to a new study, waiting may actually increase the risk of divorce. The study […]