How Can a Kane County Postnuptial Agreement Benefit Me and My Spouse?

 Posted on January 14, 2022 in Marriage

Throughout the past 100 years, the way we think of marriage and divorce has changed dramatically. Divorce was once seen as a taboo. People stayed in unhappy or even abusive marriages indefinitely – even when doing so harmed them or their children. Fortunately, things have changed. As divorce becomes more accepted in society, many married couples are choosing to use prenuptial agreements and postnuptial agreements to protect their financial interests in the event that the marriage does end in divorce. Read on to learn about the potential benefits of a postnuptial agreement, when a postnup is appropriate, and how you can get help with creating a postnuptial agreement.  

Protecting Financial Interests and Planning for the Future

Postnuptial agreements are virtually the same thing as prenuptial agreements, the agreement is just signed after the couple is married. There are countless reasons a couple may choose to sign a postnup. Often, couples choose to sign a postnuptial agreement because they have accumulated significant assets or debts that they want included or excluded from the marital estate. A postnuptial agreement is also a useful tool when a married person has children from a previous relationship. If you have a blended family and you want to ensure your children receive certain assets when you pass away, a postnuptial agreement can help you accomplish this goal.

Business owners and entrepreneurs may benefit greatly from signing a postnuptial agreement. Through a postnup, you can designate how business profits and the business itself are classified should the marriage result in divorce.

Should I Sign a Postnup?

Postnuptial agreements are useful to anyone who wants to define their property rights and obligations. Many people sign postnuptial agreements simply because they never signed a prenuptial agreement. With the stress of planning a wedding, things like prenuptial agreements can be pushed to the bottom of the to-do list. Fortunately, Illinois law allows couples to create marital agreements even after the marriage is official.

Only you can know if signing a postnuptial agreement is right for you. If you want to learn more about the advantages of a postnuptial agreement, reach out to a family law attorney experienced in prenuptial agreements and postnuptial agreements for assistance.

Contact a St. Charles Postnuptial Agreement Lawyer

If you are in your second marriage, want to safeguard business assets, or you want to clarify your financial rights and obligations, a postnuptial agreement may be right for you. Contact the skilled Kane County family law attorneys at Goostree Law Group for help. Call our office at 630-584-4800 for a free consultation.

Source:

https://www.investopedia.com/articles/personal-finance/062915/5-signs-you-need-postnup.asp