What You Need to Know About Prenuptial Agreements in Wheaton, IL

 Posted on November 10, 2022 in Prenuptial and Postnuptial Agreements

It is smart to think about the advantages of a prenuptial agreement if you are getting married or considering asking your significant other to marry you. Contrary to common misconception, signing a "prenup" is not only a way to "get ready for divorce," and in many circumstances, having an established agreement throughout a marriage will be advantageous for both parties. 

Without the help of an experienced attorney, it can be challenging to secure the legitimacy of a prenuptial agreement because the rules governing them are continuously changing. Our attorneys at the Andrew Cores Family Law Group keep up with case law developments and adapt any new knowledge to the issues and circumstances of our clients. We will help you ensure that your prenuptial agreement complies with all current legislation to avoid having it declared void.

What Can a Prenuptial Agreement Cover?

In Illinois, prenuptial agreements may cover any or all of the following topics:

• Ownership of assets accumulated either before or after the marriage;

• The ability to acquire, dispose of, rent, and utilize property throughout the marriage;

• Budgets for spending and savings that will be imposed throughout the marriage;

• Obligations related to raising children, doing domestic tasks, managing finances, and other regular duties in a marriage;

• The division of property through a divorce or after either spouse's death;

• Specific clauses each couple will put in their estate planning contracts or wills;

• The quantity and length of any alimony; techniques for settling disputes throughout a marriage or in the case of a divorce

Child support, parenting time, and parental responsibility concerns cannot be resolved through prenuptial agreements. Any prenuptial agreements on these matters will not be taken into consideration by Illinois family law courts while deciding these problems.

What Sets a Prenuptial Agreement Apart from a Wedding Contract?

A wedding contract is used to specify how expenses for the wedding and other debts would be split if an engagement is canceled. Contrarily, prenuptial agreements are ineffective until the wedding really takes place and cannot thus address such problems.

Contact a Dupage County Prenuptial Agreement Lawyer

If you are considering marriage and want to know more about prenuptial agreements in Illinois, you need a Wheaton prenuptial agreement attorney who will help you understand the best way to handle your own particular situation. Call Andrew Cores Family Law Group at 630-871-1002 to schedule your free consultation to learn how we can protect your rights and your assets. 

Source: 

https://www.ilga.gov/legislation/ilcs/ilcs3.asp?ActID=2087&ChapterID=59