A prenuptial agreement, if properly drafted, can protect assets in a divorce. A postnuptial agreement performs the same function, but is established during the course of a marriage, rather than prior to it.
Prenuptial agreements are not for everyone, but for many couples, they provide peace of mind, eliminating nagging financial concerns as they enter into marriage. Postnuptial agreements can promote harmony for couples who are already married, especially when they wish to direct what portion of their estate will go to their children, if any.
Such agreements are especially useful for those bringing significant assets into a marriage and those who have been married before and have children outside of the marriage.
Prenuptial agreements are a common trend for millennials who see the benefit in taking proactive measures now that could end up alleviating stress later on.
With a solid prenup in place, you can protect certain property from being divided if your marriage ends in divorce. You can craft a prenuptial agreement to support an estate plan that provides for children from a prior relationship or for an ex-spouse.
Unfortunately, prenuptial and postnuptial agreements are often poorly drafted and do not stand up in court. An agreement with ambiguous or unreasonable clauses will not likely protect your wishes or your assets.
To establish a prenuptial or postnuptial agreement that will stand up to scrutiny, contact Schaffer Family Law, Ltd., in Naperville, Illinois. Divorce attorney David N. Schaffer has more than 38 years of experience and has protected the financial interests of numerous high net worth individuals by crafting airtight prenuptial and postnuptial agreements.
We can draft, review and negotiate the agreements you need for peace of mind and financial security. To learn more and to schedule an initial consultation with an experienced divorce attorney, please contact us online or by telephone at 630-922-4500.