A prenuptial agreement, commonly referred to as a prenup, is a legally binding contract created by two individuals before they marry. This agreement outlines how assets, debts, and financial matters will be handled in the event of a divorce or separation. Prenuptial agreements can cover a wide range of issues, including property division, spousal support,
If you’re in the beginning stages of a divorce, you may wonder how exactly a divorce lawyer will be able to help your specific needs. If you have a prenuptial agreement, it’s also very possible that you’re wondering how your divorce lawyer will help you honor your prenup. Below are a few ways that a
A prenuptial agreement in Chicago is a legal agreement negotiated before marriage that establishes property rights between two people after they get married. This type of agreement can help avoid state default rules that might apply in the event of divorce. They can protect separate property, redefine marital property and protect children from a previous
Chicago prenuptial agreements help to safeguard a person’s assets and legal interests. They are effective tools in protecting assets acquired before a marriage and preventing a spouse from accumulating the other’s debt during marriage. Some guiding principles of Chicago prenuptial agreements and what not to do include the following: Do Not Discuss Parenting Time (Not
A Chicago prenuptial agreement establishes certain property rights in the event of death or divorce. A prenuptial agreement is a way to avoid the default laws of the state. When drafting a Chicago prenuptial agreement, take time to consider the following: Whether to Use a Prenuptial Agreement Some parties mistakenly believe that a prenuptial agreement
A Chicago prenuptial agreement can establish an agreement between an engaged couple in contemplation of marriage. This agreement spells out how the couple will handle certain matters, such as how their assets, debts and incomes will be handled and what will happen if they get divorced or one of them dies. Knowing the basics of
People may have strong feelings about a Chicago prenuptial agreement before they ever really consider it. They may think that getting one sets them up for failure. However, just like in business where it is better to determine how the end of a business will be processed at its inception, it is better to discuss
A Chicago prenuptial agreement can protect a person’s assets in the event of death or divorce. This is particularly important when a person has a sizably different estate before marriage or wants to protect children from a prior marriage or relationship. Business owners may want to protect their investment. In order for a Chicago prenuptial
Prenuptial agreements in Racine County Wisconsin are often used by couples who want to protect their wealth in the event of divorce. While this may pertain to wealthy individuals, many couples who simply have children from another marriage or own their own business may have the same desire. In order for couples to ensure that
Many individuals approach a Chicago prenuptial agreement with a great deal of trepidation. Prenuptial agreements often seem coercive in nature with the wealthier individual threatening to cancel the wedding if the lower-earning spouse does not agree to sign away important rights. However, people who love each other can create a Chicago prenuptial agreement that makes
