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How can a prenuptial agreement protect your future?

It is impossible to predict the future, but there are steps you can take today to protect your long-term interests. One of the ways you can do this is by drafting a prenuptial agreement before you marry. This may not seem like a romantic thing to do or even a practical step for you, but there are many benefits to considering this option. 

A prenuptial agreement is not something reserved only for the rich and famous. This can be smart for Illinois readers of all income levels, and it can provide you with peace of mind for years to come. If you are getting ready to walk down the aisle, you may want to add drafting this type of legal agreement to your pre-marital to-do list. 

Who needs this type of agreement?

One of the most important benefits of drafting a prenuptial agreement is not having to fight over property division in the event that a marriage ends. Besides settling this issue, there are other benefits to this type of agreement, and some of them include:

  • It can allow you to protect the inheritance rights of children from a previous marriage.
  • It allows you and your soon-to-be-spouse the opportunity to outline the financial responsibilities of both parties over the course of the marriage.
  • It can provide security for one spouse that may give up his or her career at some point in the marriage to stay home with the children.
  • It can protect one spouse from leaving a marriage with an unfair debt burden.

These are just a few of the ways that a prenuptial agreement can prove beneficial for you and your fiancée. However, there are limits to what these agreements can do, and there are important factors to consider. For example, you cannot decide child custody in a prenuptial agreement, or you may have to relinquish your right to inherit from your spouse's estate if he or she passes away.

Necessary legal protections 

Before you marry, you may want to consider the legal steps you can take to protect your interests, avoid complications and shield your financial well-being. This may include drafting a prenuptial agreement. This is not dooming your marriage to fail – it is simply preparing for a contingency.

It may help to discuss the need for a prenuptial agreement with an attorney. A complete assessment of your case can help you understand the specific benefits you may reap from taking this step before you marry.

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  3. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

  4. The Essig staff are courteous and helpful, and the attorneys are professional and knowledgeable. They are very efficient, with prompt turn-around times on title orders and real estate closings. I would highly recommend this office to others!

    -Donna Jones Craig Jim Maloof Realtor

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