12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Orientation to Pre-Nuptial Agreements in Wenona, IL

Orientation to Pre-Nuptial Agreements in Wenona, IL


A successful marriage requires falling in love many times, always with the same person.
 
- Mignon McLaughlin


A prenup is a contract entered into prior to marriage, civil union or any other agreement that typically includes provisions for division of property and spousal support in the event of divorce or breakup of marriage.

Premarital Agreement is a newer term used to refer to this document. In some states it is called an antenuptial agreement or simply a contract. If contact or agreement is signed after marriage it is known as postnuptial or marital agreement.

Who Needs a Prenuptial Agreement?

Prenups are not just for affluent people. This is commonly perception because prenuptials are often used as a means to protect the assets of the rich. Presently, couples of modest means use this agreement as a means to achieve their goals such as:

• Passing on separate properties to children from prior marriage. Having a prenuptial agreement by couples who have children from prior marriages can be a binding document which can be used to bequeath their respective children property if they pass away. The surviving spouse can usually claim a larger share of the property in the absence of a prenuptial agreement.

• Financial rights. This document can clarify the financial rights and responsibilities of couples, with or without children, wealthy or not.

• Avoid conflict during a possible divorce in the future. Having a prenuptial agreement can prevent potential arguments about the financial settlements and division of property during a divorce. Less uncertainty may lead to less acrimony. Some states will scrutinized heavily if a spouse gives up the right to alimony. It may not be enforced if it was found that the spouse did not understand what they were signing.

• Get protection from debt. Prenups can address a variety of issues and can help protect spouses from each other's debts.


Having No Prenuptial Agreement

During divorce or death, state law will determine who will own the property acquired during the course of marriage when no prenuptial document is available. Depending on the state, this acquired property may be known as marital or community property.

Since marriage is considered as a contract between two people, certain automatic property rights can accompany the union. Without a prenuptial agreement, the spouse has the right to:

• Shared ownership. Property acquired during the course of marriage is expected to be divided by the spouses in case of death or divorce.

• Debts incurred during marriage that the other spouse may have to pay

• Marital or community property, which has to be shared in terms of management and control. The spouse can have the right to sell or give it away.


These are just a few of the things that may occur in a marriage without a prenuptial agreement. If this is not your preference, signing a prenup agreement is a good way to let you and your partner decide how your property should be handled. These laws are also known in other names such as marital property, probate laws and divorce.

How to Make Sure Your Prenuptial Agreement is Valid

Historically, courts were suspicious of prenups because they usually involved a waiver of legal and financial benefits by a less wealthy and less financially sophisticated spouse. As divorce and remarriage have become more prevalent, and with more couples opting for prenups, courts are increasingly willing to enforce Premarital Agreements. Nevertheless, a prenup that is judged unfair or otherwise fails to meet state requirements will still be set aside.

It is important that you negotiate and write up your agreement in a way that is clear, understandable, and legally sound. You can check out a free preview of a prenup at 12Law.

 
Personalize & Print a Free IL Premarital Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Related Legal Services near Wenona, IL
Attorneys' Title Guaranty Fund
5215 Old Orchard Rd Ste 360
Skokie, IL 60077
(847) 966-9560
General Practice Attorneys, Attorneys, Legal Service Plans
Kransen Harry J
8424 Skokie Blvd
Skokie, IL 60077
(847) 676-9555
General Practice Attorneys, Attorneys
Lynn M. Hickey, Attorney
16860 Oak Park Ave
Tinley Park, IL 60477
(708) 277-9192
Attorneys
Peter Francis Greraci Law Ofc
17057 Harlem Ave
Tinley Park, IL 60477
(708) 614-9120
General Practice Attorneys, Attorneys, Legal Service Plans
A Disability Attorney
16710 Oak Park Ave
Tinley Park, IL 60477
(708) 614-8861
Attorneys, Social Security & Disability Law Attorneys, Labor & Employment Law Attorneys
Kelley H Elizabeth
16710 Oak Park Ave
Tinley Park, IL 60477
(708) 614-8861
General Practice Attorneys, Attorneys
Horn & Kelley PC
16710 Oak Park Ave
Tinley Park, IL 60477
(708) 614-8833
Social Security & Disability Law Attorneys,  Legal Service Plans,  Attorneys,  Labor & Employment La
Horn John E
16710 Oak Park Ave
Tinley Park, IL 60477
(708) 614-8833
Attorneys, Criminal Law Attorneys, Social Security & Disability Law Attorneys, Real Estate Attorneys
A. Mierswa Law Offices
5225 Old Orchard Rd
Skokie, IL 60077
(847) 899-8734
Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,  Wills, Trusts & Estate Pl
Legal Helpers, PC
16335 Harlem Ave Ste 402
Tinley Park, IL 60477
(708) 856-8635
Bankruptcy Law Attorneys, Legal Service Plans, Attorneys
Aldridge Shayne L
113 Sycamore
Pleasant Plains, IL 62677
(217) 414-8596
Attorneys Referral & Information Service, Attorneys
Immigration Law Associates
8707 Skokie Blvd Ste 302
Skokie, IL 60077
(847) 763-8500
Immigration Law Attorneys, Attorneys, Legal Service Plans
Collens Mark B
5550 Touhy Ave # 300
Skokie, IL 60077
(847) 675-8181
General Practice Attorneys, Attorneys
Winter Daniel J
9933 Lawler Ave Ste 402
Skokie, IL 60077
(847) 244-8180
Bankruptcy Law Attorneys,  Attorneys,  General Practice Attorneys,  Legal Service Plans
Nancy K. DuCharme
PO Box 222
Tinley Park, IL 60477
(708) 459-8112
Attorneys, Patent, Trademark & Copyright Law Attorneys
G A Crandall & Co Inc
6851 167th St
Tinley Park, IL 60477
(708) 633-8100
Insurance, Attorneys, Business & Commercial Insurance, General Practice Attorneys
David L. Anders
16860 Oak Park Ave
Tinley Park, IL 60477
(708) 325-8076
Attorneys
Hutchison Anders & Hickey
16860 Oak Park Ave
Tinley Park, IL 60477
(708) 325-8027
Accident & Property Damage Attorneys,  Family Law Attorneys,  Personal Injury Law Attorneys,  Attorn
Stephen N
5750 Old Orchard Rd Ste 420
Skokie, IL 60077
(847) 324-7990
General Practice Attorneys, Attorneys, Legal Service Plans
Total Attorneys - Divorce
PO Box 273855
Pleasant Plains, IL 62677
(217) 666-7827
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
John F. Stimson
9933 Lawler Ave
Skokie, IL 60077
(847) 787-7627
Attorneys Referral & Information Service, Attorneys, Arbitration Services
Krydynski & Frigo
18311 N Creek Dr Suite G
Tinley Park, IL 60477
(708) 991-7417
Attorneys, Family Law Attorneys, Divorce Attorneys, Child Custody Attorneys
Wasserman Laurie J
9933 Lawler Ave Ste 122
Skokie, IL 60077
(847) 674-7324
Labor & Employment Law Attorneys, Attorneys, Legal Service Plans
Merima Redzic
5225 Touhy Ave Ste 100B
Skokie, IL 60077
(224) 534-7065
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US