Prenuptial Agreement Attorney In Illinois
Prenuptial agreements are a popular topic, as a prenuptial agreement attorney in Illinois from Hurst, Robin & Kay LLC knows, especially with so many news stories about celebrities and how they signed a prenup before exchanging vows. These agreements are not just for affluent couples though, as anyone can benefit from having one. Despite the stigma of asking for a prenup, it can be beneficial to many people and provide extra comfort when entering their marriage. A prenuptial agreement is not only about dividing property either, so if you are interested in creating a prenup with your soon to be spouse, then there are tips you should know. Don’t hesitate to call our law firm for further insight.
Why the Prenup Lost Its Stigma
If you and your romantic partner are thinking about getting married, it’s a good idea to consult with an experienced prenuptial agreement attorney in Illinois as soon as you can. Gone are the days when entering into a prenuptial agreement meant that one or both parties were preoccupied with a fear and/or anticipation of divorce. As the knowledgeable team at Hurst, Robin & Kay, LLC can attest, more and more modern couples have discovered that the prenuptial agreement negotiation process can help to strengthen an impending marriage and help to ensure that it is built upon a solid foundation supportive of a lasting union.
Not so very long ago, prenuptial agreements were plagued by stigma. However, that stigma has all but vanished in nearly all communities. Why? There is a now a widespread understanding that discussing expectations in advance of marriage can help to prepare spouses for their unions in ways that blind faith simply can’t. By discussing financial issues, privacy concerns, and other common topics of prenuptial agreements, engaged couples can head-off tensions and potential sources of strife and conflict before they have a chance to manifest.
During an era in which individuals are increasingly able to make truly informed decisions about their wellbeing, meeting with a Illinois prenuptial agreement attorney is no longer considered an act to be embarrassed about. It is – quite the opposite – an act that illustrates how committed you are to laying a strong, grounded, informed foundation upon which to build your marriage.
Preparing for Your Prenuptial Agreement Legal Consultation
It’s a good idea to invest some time and energy into preparing for a legal consultation instead of arriving with no expectations, questions, or plans of action in mind. By taking some time to prepare, you’ll be able to get more out of your visit. The knowledgeable legal team at Hurst, Robin & Kay, LLC frequently advises potential clients who are unsure of what they need, what to expect, and how to go about constructing a prenuptial agreement that works well for their needs. However, it’s more likely that you’ll receive far more personalized guidance if you arrive at your consultation prepared to discuss the ins and outs of your needs, priorities, and goals.
To make sure that you don’t influence each other’s initial impressions, it’s a good idea to spend some time brainstorming on your own. Ask yourself (and ask your romantic partner to do the same) what your expectations are for marriage, as they concern money, property, and even privacy in re: social media. Consider where you’re willing to be flexible and where you’ll likely need to set some firm boundaries and expectations. Also, take some time to consider that in the event that you and your partner are no longer in a position to move forward together, is there anything about your financial life or property that you’ll need to safeguard proactively? Thinking through such issues isn’t an easy task but, like taking out an insurance policy, it may be necessary to safeguard your future wellbeing.
You and your romantic partner can then discuss your musings before you meet with an Illinois prenuptial agreement attorney or while you’re in your consultation session. Either way, sharing this information with your lawyer will better allow them to construct a prenup that meets your unique needs.
Top Prenuptial Agreement Considerations:
Protect Your Assets
If you are launching a new business, or currently own one, then a prenup can help protect you from facing a lawsuit. A prenup also outlines your rights with terms that will classify certain assets as separate property, meaning they are exempt from being claimed by your spouse in the future. Keep in mind, you don’t need to have a business, you can still utilize a prenup to safeguard your most cherished assets. You can set up a prenuptial agreement that consists of how you plan to separate your assets if you do decide to open a business in the years to come.
Consider Your Family
Even with the best of intentions, it can be difficult to plan for what may happen during your marriage. If you have children from another relationship, you can include them in the prenup along with any future children you may have. While you must consider your current family dynamic when writing the prenup, you cannot actually pre-determine things like child custody or support if you get a divorce later.
Intent For Your Prenup
The intent of prenuptial agreements will vary based on the couple and their individual needs and preferences. A prenup may be used to decide how assets are to be divided if divorce happens, and may be used if you or your future spouse have a stake in a family business or assets. As your Illinois prenuptial agreement attorney may advise, you may want to consider a prenuptial agreement when either you and/or your future spouse have kids from a different relationship, have had one or more divorces, or have a large amount of debts.
Elements of a Strong Prenup
The prenuptial agreement should be well thought out, both spouses should be fairly represented, and there must be an accurate and complete list of debts and assets at the time of signing. The prenuptial agreement must be consensual to both spouses and represent a realistic picture of what would happen in the event of divorce. With this contract between two people who marry, they are telling the other of their responsibilities and rights if divorce or death were to occur.
For more information about prenuptial agreements, please call our Illinois attorney prenuptial agreement team from Hurst, Robin & Kay, LLC today.
For many people who are about to get married, prenuptial agreements, or prenups, are an important legal document thing to consider, as an Illinois prenuptial agreement attorney can explain. A prenuptial agreement allows you and your spouse to keep your assets protected in case the marriage does not work. Many people have hesitations about this agreement because they are unsure what it means for their relationship or the long-term financial impact. However, meeting with a lawyer who understands prenuptial agreements and has provided counsel for many engaged couples can provide an in-depth explanation. Here are some tips that you should know before making a decision about prenuptial agreements.
What should I consider before signing a prenup?
When you are trying to find out if finalizing a prenuptial agreement is right for you, you first need to determine and understand what you hope to get out of it. What is motivating you to consider one? What are you trying to achieve? There are certain scenarios in which it may be a sensible decision, such as the type of assets you have and whether you have been previously married. You may want to sign a prenup because you have specific values and preferences from your partner. Go over your goals and preferences to understand your reasoning for considering the agreement before you opt to sign.
Can a prenup help if I have multiple children?
Some people choose to sign a prenuptial agreement because they have complex family dynamics. They may have one or more children from a different marriage, or have step children. With a prenuptial agreement, it can accommodate things like child care or child support payments. In your prenup you can include all children that you have, even any future ones following your upcoming marriage. This decision can be challenging to make, especially if you are not sure if you want to have kids. You may want to discuss your needs with a lawyer and they can tell you what terms the prenuptial agreement should include if you want it to benefit your family.
How can a prenup protect my assets?
If you have certain assets that you would like to protect, signing a prenup may be a good precaution. As a top-rated Illinois prenuptial agreement attorney can inform you for example, if you are a business owner or have plans to begin one, a prenuptial agreement can prevent your spouse from listing it as one of their assets. Setting up protections for your assets can prevent you from running into troublesome legal issues. Talking to a prenuptial agreement lawyer can help you evaluate your individual or business assets so that you can choose the best option.
Why is it worth talking to a lawyer?
A prenuptial agreement can come with many complex terms and conditions. There are advantages and disadvantages to moving forward with a prenuptial agreement. It is an important legal document, so you must make sure that you understand every aspect and the potential consequences before you finalize it. If you want to know more information about it and whether it is right for you, contact a trusted Illinois prenuptial agreement attorney now.