Three Signs an Illinois Prenuptial Agreement is Right for You

 Posted on March 19, 2024 in Family Law

Are you considering getting married in Illinois? Have you thought about the benefits of a prenuptial agreement? While it may not be the most romantic topic, prenuptial agreements can provide clarity and security for both parties if a divorce occurs sometime in the future. Here are three signs that a prenuptial agreement may be the right choice for you. A family law attorney in Illinois can help you create an agreement that meets your needs.

Consider a Prenuptial Agreement in the Following Scenarios:

• Significant disparities in assets or debts – If you or your partner have substantial assets or debts before entering into the marriage, a prenuptial agreement can help protect these assets in case of a divorce. Illinois is an equitable distribution state when it comes to dividing property, which means the Court will divide the assets equitably and fairly, as opposed to equally. A prenuptial agreement can be an excellent tool for outlining how assets and debts will be divided, ensuring each party retains what they brought into the marriage.

• Business ownership or professional practice – If you or your partner own a business or have a professional practice, a prenuptial agreement can safeguard these assets in the event of a divorce. Without a prenuptial agreement in place, a business or practice could be subject to division in a divorce, potentially putting its future at risk. You can protect your business and ensure its stability by clearly outlining how these assets will be handled in a prenuptial agreement.  

• Desire to protect inheritance or family heirlooms – If you have inheritance or family heirlooms that you want to keep within your family in case of a divorce, a prenuptial agreement can provide the necessary protection. Without a prenup, these assets could become subject to division in a divorce. By including provisions in a prenuptial agreement that specify how inheritance or family heirlooms will be handled, you can ensure that they remain within your family. 

Contact Our Rolling Meadows, IL Prenuptial Agreement Attorney

If any of the signs mentioned above resonate with you, consider a prenuptial agreement before tying the knot in Illinois. Consulting with a qualified family law attorney can help ensure you understand the benefits of a prenup and that your interests are protected. At The Law Office of Nicholas W. Richardson, P.C., our Mt. Prospect, IL family lawyer has experience helping couples write legally sound prenups that are customized to their unique needs. Call 847.873.6741 for a free consultation.