Premarital agreements have gotten something of a bad reputation, but this reputation is ill-founded. The fact is that a premarital agreement is nothing more nor less than a legal contract that goes into effect when a couple marries. The premarital agreement (often called a prenuptial agreement or prenup) addresses issues that are specific to the couple that could arise in the event of a divorce, but it does not make divorce more likely. If you have concerns related to a premarital agreement or you think you may need a prenup, don’t hesitate to reach out to an experienced premarital agreement lawyer in Chicago.
Generally, prenuptial agreements address financial issues. When a young couple marries before they’ve begun building their careers – and perhaps before completing their education – there might not be a need for a prenup unless there’s a considerable inheritance or trust fund involved. When couples are more mature – and have more complicated financials and/or extenuating circumstances involved, a premarital agreement can play an important role. The issues that prenups address relate to financial matters only and cannot speak to child custody arrangements or child support unless the amount exceeds the amount ordered by the state.
Your prenup allows you to set the terms regarding your property rights prior to marriage – in a preemptive effort to forestall a contentious battle in the event of divorce but also in an attempt to find a middle ground that both spouses are comfortable signing off on. Although every premarital agreement is unique to the couple and the situation involved, the most common reasons for seeking a prenup include:
If you have questions or concerns about a prenup, the dedicated Chicago premarital agreement lawyers at The Law Offices of George M. Sanders have an impressive amount of experience helping clients like you implement robust premarital agreements that uphold their rights – without jeopardizing their marriages from the outset. We can help, so please don’t hesitate to contact us for more information today.