Prenuptial and Post-nuptial Agreements
Divorces can be messy. There are no two ways about it. However, if you and your spouse enter into a pre- or post-nuptial agreement, both parties have a better idea of what to expect moving forward. This can save you time and money in the long run. If you are considering marriage and are interested in creating a pre-nuptial agreement or have already married and are considering a post-nuptial agreement, contact The Muller Firm, LTD, a preeminent Chicago family law firm.
What Is a Postnuptial Agreement
A post-nuptial agreement is virtually identical to the pre-nuptial agreement; the only difference is that a post-nuptial agreement is entered into after the marriage has been formalized.
Why Are Pre or Post-nuptial Agreements Advisable?
If a couple loves each other enough to get married, they are likely not anticipating getting a divorce, so why get a pre- or post-nuptial agreement? The reasons are actually several; a pre- or post-marital agreement might be beneficial for spouses who:
- Have significant assets that they would like to preserve in case of dissolution.
- Have children from a prior marriage whom they would like to set aside monies for.
- Are involved in a risky business venture and do not want to include their spouse in that risk.
- May have a large inheritance on the horizon.
Whatever the case, entering into a marital agreement can save time and money if the marriage ends in a divorce. Moreover, it allows both spouses to have settled expectations about what assets they truly control.