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Illinois prenuptial agreement attorneysPrenuptial agreements are designed to minimize the risk of complications in a divorce, but this is not their only potential benefit. Used correctly, this legal document can also benefit a couple during their marriage. Get the details on how a prenup can benefit (and possibly even strengthen) your marriage, and discover how a seasoned family law attorney can help to smooth the conversation, should you decide to get one before you wed.

1. Prenups Can Bolster Your Marriage Against Money Issues 

Money is the second leading cause of divorce—and not just because one party has it and is trying to control it. Couples may earn close to the same amount but have wildly different views on how money should be spent or saved. As a result, they may argue incessantly over money, which can erode the foundation of their marriage. Alternatively, their financial goals may not align with one another, so the parties may work against one another instead of together toward a common goal. 

When creating a prenuptial agreement, couples typically discuss their financial habits and goals. This allows the parties to predict and potentially strategize against some of the financial issues that may arise over the course of their marriage. It also requires them to compromise and agree on some common financial goals. All this work, painful and stressful as it might seem, can bolster the marriage against money issues later on down the road. 

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Illinoia family law attorneysPeople do not typically marry with the intention of one day divorcing, but those who have already experienced a failed marriage may be even more adamant to grow old with their new partner. Sadly, the risk of divorce is significantly higher for subsequent marriages. As such, it is highly recommended that parties take proactive steps to protect their assets in a second marriage. Learn more about how a prenuptial agreement can help you do this, and discover how our seasoned family law attorneys can help. 

Know Your Wealth and Assets

Just as it is critical to know your wealth and assets in a divorce, you should know them going into a marriage. Not only does this give you a base to work from in the event of a divorce, but it also enables you to effectively and proactively protect your wealth, long before a divorce occurs. 

Never Enter a Second Marriage Without a Prenuptial Agreement

If you did not sign a prenuptial agreement before your first marriage, it is likely you know just how messy dividing assets in a divorce can be. When you add in the fact that may divorcees also have children from their previous marriage, perhaps even child support and spousal support obligations, the importance of protecting one’s assets in a second marriage becomes even more crucial. One of the most effective ways to do this is to ensure you have a sound and concise prenuptial agreement before you marry a second time. 

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DuPage County prenuptial agreement lawyersCouples do not usually enter a marriage with the intention of someday divorcing, but statistics indicate that just a little under half of them do. It is that high rate of divorce (and the potential losses that may ensue because of one) that is causing many millennials to take preventative steps.  One of the most crucial is the drafting of a prenuptial agreement. Unfortunately, these documents cannot cover every aspect of your marriage, and there is always the risk that one (or all) of the terms will not hold up in court. Learn how to “bulletproof” your prenuptial agreement, and discover how a seasoned family law attorney can assist you with the process. 

Starting Your Marriage with Transparency

Honesty and transparency are the cornerstones of a healthy marriage, and a prenuptial agreement can help you incorporate these qualities into your marriage, early on. Of course, you can attempt to hide or inflate your wealth in a prenup, but it is never wise - and not just because it is dishonest or deceptive. By not disclosing any wealth you have, or by intentionally inflating it, you can completely void your prenuptial agreement. As a result, your document may not be honored in court, and you may lose even more of your assets through penalties from the court. Avoid this prenuptial agreement mistake by ensuring you are honest about all the assets you have and expect to earn in the future, and always be transparent with your spouse about losses and gains that occur over the course of your marriage. Also, ensure you avoid any inadvertent mistakes by talking to a lawyer about your assets prior to the creation of your prenup. 

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DuPage County family law attorney, getting marriedCongratulations are in order if you have recently gotten engaged and are embarking on the planning phase of your upcoming wedding. As you are preparing the guest list, booking a venue, and making arrangements for the reception, the legal aspects of your nuptials may be the furthest from your mind. However, there are some important tasks you need to address as your wedding day approaches—matters that can ensure you are getting your marriage off on the right foot. Discuss your specific circumstances with an Illinois prenuptial agreement attorney, and consider these “must-do’s” before the big day.

Apply for Your Marriage License

Before Illinois will recognize your marriage as legal, you will need to secure a marriage license from the county clerk’s office where you or your soon-to-be-spouse live. You must both appear before the clerk in order to obtain the license, and bring proof that you are 18 years or older; a driver’s license, state-issued ID, or birth certificate will be sufficient. If either of you were married before, you will need to supply the information on why and when the previous marriage ended (death, divorce, etc.).

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prenuptial agreement, DuPage County prenuptial agreement attorneyA prenuptial agreement is probably the last thing you want to think about when you are planning a romantic wedding, but it is a smart approach for many couples starting a life together. A prenup is a way for couples to decide certain issues for themselves, rather than relying on divorce laws that may result in an unbalanced situation.

The common presumption is that prenuptial agreements are intended to protect the “richer” spouse, but there are a number of reasons why these agreements benefit both parties. Consult with a DuPage County prenuptial lawyer about how a prenup would work for you and your partner.

Bring Everything to the Table 

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