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Skokie prenuptial agreement laywer Prenuptial and postnuptial agreements can be helpful financial instruments when seeking to protect individual assets and debts in the event of a divorce. However, for these agreements to do either spouse any good, they must be written in a way that ensures they are enforceable. 

Understanding what might make a prenuptial or postnuptial agreement invalid is an important part of constructing a sound legal instrument that protects both spouses from dispute and heartache down the road. In an age where online legal resources are widely available, consulting a qualified Illinois prenuptial agreement attorney is well worth the time and effort to prevent foreseeable problems. 

Nullified Premarital Agreements

There are several factors that could cause an Illinois court to nullify a prenuptial agreement (and generally speaking, issues that invalidate a prenuptial agreement can also invalidate a postnuptial agreement). These include, but are not limited to: 

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chicago prenup lawyerIn a previous post, we discussed common misconceptions about prenups. Now that you know what a prenup is not, you may want to know what a prenup is. How far should a prenup go? Does a prenup last forever? Having an understanding of the basics of prenuptial agreements can help you prepare to negotiate a fair agreement that places your marriage on a firm footing. Everybody’s situation is unique, so be sure to ask your specific questions to a qualified Illinois prenuptial agreement attorney. 

What Can I Include in a Prenuptial Agreement? 

  • Premarital debts and assets - The most common use of a prenuptial agreement is to protect assets that were owned by one spouse before getting married. It can also protect a spouse who does not have debt from having to pay it off after divorce. Spouses may continue the financial provisions of a prenup indefinitely, or agree to a gradual transfer of wealth after a certain number of years of marriage. 

  • Inheritance and family heirlooms - Although property received as a gift or inheritance is generally seen as personal property and is not subject to division in a divorce, spouses can protect themselves from accusations of commingling by specifically addressing gifts and inheritance in a prenup. 

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chicago family lawyer Prenuptial agreements are legal contracts some couples enter into before getting married. These contracts set forth the division of assets in the event of a divorce and are typically recommended for couples with wealth disparities and those who have been married before. If you are considering creating a prenuptial agreement, it is important to consult an Illinois family lawyer promptly.

Misconceptions About Prenuptial Agreements 

Prenuptial agreements have a bad reputation due to misinformation and misunderstandings. However, prenuptial agreements can provide multiple benefits for both parties. Here are a few common misconceptions about these agreements.

  • If you sign a prenuptial agreement, you plan to divorce. Some couples are reluctant to enter into a prenuptial agreement because the document is associated with divorce. However, just because you sign this agreement does not mean you and your partner will get divorced in the future. It simply offers protection for both parties if a divorce does occur.

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