Postnuptial Agreements Attorney
Most people are aware of the place and value of premarital agreements, also called prenuptial agreements or prenups. Through prenuptial agreements, engaged couples can clarify — and document — intentions with regard to property and other important aspects of an upcoming marriage.
Fiances and fiancees can agree, in writing, on what religious identity children will be raised with. They can agree on how to keep separate property separate and how marital property and income would be divided in case of a divorce. Some people consider prenuptial agreements to be like insurance that can prevent costly legal maneuverings such as high-conflict divorce proceedings.
A Postnup Works Much Like A Prenup, But It Is Created After A Marriage
A prenuptial agreement can provide peace of mind and guard against future legal fees. In the same way, a postnuptial agreement can document after marriage two spouses' understandings about ownership of property or other critical issues. Postnuptial agreements (postnups) are relatively rare, but there are a number of circumstances where they make very good sense.
Examples of reasons to consider creating a postnuptial agreement include:
• If your marriage is in trouble and you would like to take material matters out of the mix as you focus on personal aspects of your relationship
• As a tool for reconciliation while a nearly broken marriage is under repair (perhaps after an affair, an arrest, recovery from substance abuse or recovery from a gambling addiction)
• If you or your spouse is about to start a business and you want to keep each other's financial affairs separate to protect both your family finances and your business
• To revise a prenup, for any number of reasons
Serving Barrington, Crystal Lake And Schaumburg — Postnuptial Agreements Attorneys
Our Barrington divorce attorneys can advise you and guide you as you prepare to draft a postnup. To discuss your concerns with an experienced postnup or prenup lawyer at Manassa Law P.C., call or email our law offices. Determine whether a postup makes good sense in your case with our help. Schedule a consultation with one of our experienced postnup and prenup attorneys to learn how to proceed.
Note: Even if you have a postnup in place and later divorce, there will still be a number of required steps in the process of divorce. Things may change between when you signed the postnup and when your divorce gets underway. A postnuptial agreement is not equivalent to a divorce in advance. However, if your marriage breaks up, it may streamline the process and keep a lid on legal fees associated with your divorce.
Manassa Law - Barrington Office
1000 Hart Rd 3rd Floor
Barrington, IL 60010
P: (847) 996-9177