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Four Good Reasons to Have a Prenuptial Agreement

Posted on in Prenuptial Agreements

prenup agreement in Illinois, Naperville family law attorneyYou often hear about prenuptial agreements in connection with Hollywood or sports celebrities. These agreements outline, in a legal document, what will happen with assets (and debts) that you both bring into the marriage. Touted by many as being unromantic, such agreements in Illinois actually have quite a few benefits. Also, you do not have to be a rock star or a matinee idol to take advantage of them.

Why Get a Prenup?

1. It keeps family property in the family. If you have a family farm, a family business or an ancestral house that you would like to leave to your children (and their children), a prenup agreement can assure that even if you and your new spouse divorce, the family property that your predecessors worked so hard for won't leave your family.

2. It can protect against the other person's old debts. A good prenup does not just protect assets; it can also protect one spouse from the previously-acquired debts of the other spouse. You can often use this vehicle to protect the assets that you are bringing into the marriage from potentially being seized or attached to satisfy the old debts of your fiance(e).

3. It proves it is not about the money. Many critics of prenups cite that such agreements are not romantic. However, the reverse can actually be true. With a prenup, both parties are assured that the relationship is based on love and not money.

4. It can reduce future conflict. If your marriage does end, you don't have to fight about the distribution of assets when you're emotionally vulnerable. With a prenup, most of those decisions have already been made.

If you are uncertain about whether a prenuptial agreement is right for you and your fiance(e), the Pesce Law Group, P.C. wants to help you. To schedule an initial consultation to review your premarital options with an experienced Naperville, IL family lawyer, contact us at 630-352-2240. You can also reach our Oak Brook office at 630-230-8935, or 630-230-1002 for our Burr Ridge location.

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