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.
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.