There are many advantages of post-marriage agreements, as couples have several reasons to implement them. Some benefits are protection in the following areas: To learn more about the potential benefits of a post-uptial agreement and the requirements that must be met under Illinois law, contact our office to agree on a consultation. Post-nuptial agreements can also help simplify the process of identifying what is marital property and what remains a separate property. Some of the most important questions that are posed by a post-nuptial agreement: infidelity – if a spouse has shown a lack of commitment to marriage with behaviors like infidelity, the couple may wonder what will happen when their marriage ends in divorce. Post-nuptial agreements could also be used to outline a better financial outcome for the spouse who has been convicted of infidelity in the event of a divorce. If you would like to learn more about the potential benefits of a post-uptial agreement, please contact a family lawyer at Anderson And Associates. For more than 30 years, we have been providing sensitive and effective legal assistance to couples in the greater Chicago area. Call 847-995-9999 to agree on a first free consultation. There are several reasons why a couple can opt for a post-uptial agreement, although property and asset protection is the most common driving force. More couples are looking for post-marriage agreements for several reasons that may understand: although they are becoming more and more popular, only 5 to 10 percent of American couples who marry are proposed marriage contracts.
In the past only for the rich, a marital or post-uptial contract can save a couple not only time and money, but also the psychic fear of disputes over property or the distribution of property if they divorce later. These legal documents allow couples to decide how they wish to share their marital property, as well as other considerations. However, there may be situations in which a marital or post-uptiale agreement may be considered invalid and therefore unenforceable. If you plan to work with your partner to plan ahead, it`s best to learn what should be included in these types of agreements and what would make them null and void. A pre-reissued or renewable agreement in Illinois may also deal with family businesses or future estates. These agreements can also protect one party from debt liability if the other party accumulates significant debts during the marriage. At this point, couples can also determine sped care or thought management. A post-nuptial (post-nup) agreement is a legal contract between spouses who intend to stay together, which specifies what happens when their marriage ends.
There are many reasons why couples want to consider entering a post-Nup. Like all legal documents, there are essential formalities with a post-uptial agreement that must be respected. Reducing stress in marriage – a properly drafted post-marriage agreement will reduce stress in marriage, as both parties know, in full compliance with the rules. Witness a controversial divorce – couples might want to consider post-marriage agreements after a hostile and highly controversial divorce. When a friend, friend or loved one is under the stress of an antagonistic, long and costly divorce couple, they can choose to avoid a similar experience by resolving disputes. Marital agreements take place before marriage, while during marriage, watering agreements are made. Beyond this important distinction, both agreements achieve the same objective. In both cases, it is a legally binding contract that imposes the distribution of assets and financial obligations after the end of the marriage, whether it is a divorce or the death of a party.