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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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DuPage County family law attorney, prenuptial agreementThe term prenuptial agreement or premarital agreement, usually referred to as a prenup in the media, is a written contract that is created by two individuals prior to their marriage. The purpose of such an agreement is to plan ahead to determine what happens in the event of death, divorce or separation. The agreement sets forth a list of property and debts owed by each person, and defines their rights to the property after they are married. A prenup usually deals with distribution of property, assets, liabilities, spousal support, and even attorney’s fees.

When a prenup is properly drafted and implemented, it is a legally binding contract between both spouses and its terms are enforceable. However, if a prenup is not drafted properly or fails to contain the financial specifics of both parties, it could be ruled unenforceable, and the plan you set in place could, in turn, fall apart. 

As you can see, if your prenup is not properly drafted and all financial details are not accounted for, you stand to lose everything for which you tried to adequately plan. If you are considering a prenup, you should contact an experienced attorney who will be able to evaluate your agreement, advise you of the possible alternatives and assist you in protecting your rights.

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