April 04, 2022
Bringing up the topic of a prenuptial agreement with your future spouse can be stressful due to misconceptions people often have. One myth is that it means you have doubts about your partner or your commitment to the relationship. Another regards the types of provisions a prenuptial agreement typically includes. Our Illinois family law attorney explains how it can help strengthen your marriage and clarifies what can and can’t be included.
Prenuptial agreements and the provisions they contain are dictated by state law. Under the Illinois Uniform Premarital Agreement Act (750 ILCS 10/), a prenup is a legally binding contract made between prospective spouses which goes into effect once they are married. It specifies their rights regarding property and assets and includes the following:
In creating a prenuptial agreement, couples learn to talk openly and honestly about financial matters. It clarifies their expectations regarding money and financial matters, and addresses the type of lifestyle they expect to live during the marriage. As money matters are a frequent topic of fights between couples and a leading cause of divorce, going through the process can actually help strengthen your marriage.
According to a recent Business Insider report, younger couples are increasing in favor of creating prenuptial agreements. They appreciate the benefits it provides, particularly full disclosure of current financial status. This is especially important as once you marry, your spouse’s debts become your own.
If you bring the idea of a prenup up with your future spouse and they balk, it is likely due to misconceptions regarding how it could impact their rights. It is important to point out what a prenuptial agreement cannot do:
At The Women’s Divorce and Family Law Group, we can help answer your questions and address specific concerns regarding prenuptial agreements. To discuss your options, call or contact our office online and request a consultation with our Chicago prenuptial agreement attorney.