Some people scoff at the idea of a prenup. After all, it is basically looking past the marriage in the event of it not working out. Most of the time, people marry for love and they expect this to last. Well, the fact of the matter is it often does not, and a prenup works as life insurance for your marriage. This is especially important if you are wealthier than your spouse or if you have a considerable number of family assets you don’t want to be taken from you in the event of a divorce. That is exactly why before you walk down the aisle, you need to bring in Chicago family law attorneys and fill out a prenup.
So What Is a Prenuptial Agreement?
This is a legally binding document both you and your soon-to-be-spouse sign before ever marrying one another. It is designed to protect both of you in the event of a divorce in Chicago. Most financial advisors and attorneys highly recommend going through with this document as it can prove extremely beneficial later on down the road. Within the document, you address mostly financial situations. This can include what happens with a property you buy during the marriage or property and assets you bring into the marriage before being married.
A prenup is now able to include more than just financial information. It is possible to include expectations for the marriage and what each individual is to do. This way, if one of you does not hold up your end of the prenuptial agreement and you file for divorce, you will have documentation of the agreement, which will prove extremely beneficial. You can also indicate financial situations should someone cheat in the marriage. Many celebrities now include this aspect in their prenups so the person cheating is completely cut out of receiving access to any of their assets.