The Value of Premarital/Prenuptial Agreements
Schaumburg - Wheaton - Chicago Family Law Attorneys
In Illinois, two people who are contemplating marriage can enter into a written agreement that controls how certain financial matters will be handled during the marriage or in the event of a divorce and death of a spouse. Such an agreement may be called a "premarital agreement" or a "prenuptial agreement." These agreements are governed by the Illinois Premarital Agreement Act.
If you are considering marriage or remarriage and you would like to learn more about the possible benefits of a premarital contract for your particular family and financial situation, we invite you to contact a family lawyer at the law office of Anderson & Associates, P.C..
For more than 20 years, we've been providing sensitive and effective legal counsel to couples in the greater Chicago area. Call 847-995-9999 (Schaumburg office) or 630-653-9400 (Wheaton office) or 312-345-9999 (Chicago office) to schedule a free initial consultation.
Should You Consider a Premarital Agreement?
Any couple may choose to enter into a premarital agreement, but in some situations it is highly advisable. A few such situations include:
- Significant premarital assets: If one or both of the parties has significant assets, a premarital agreement should specify what will happen with those assets upon death or divorce.
- Children from a prior relationship: If either party has children, a premarital agreement can define and protect the rights of a child to a parent's premarital assets in the event of divorce or death.
- Second and subsequent marriages: Premarital agreements give couples an opportunity to think through the financial aspects of a planned marriage. It can provide peace of mind that each party's financial interests will be protected now and into the future. It gives each person confidence that they can decide their own destiny.
At Anderson & Associates, P.C., our family law attorneys have extensive experience negotiating and drafting premarital agreements. We understand the delicate nature of these negotiations and are adept at protecting our clients' interests without disrupting the parties' relationship.
To learn more about the benefits and requirements of premarital agreements in Illinois, contact our Chicago area law offices in Wheaton and Schaumburg to schedule a free initial consultation.
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