Chicagoland Area Lawyers For Postnuptial Agreements
Most people are at least vaguely familiar with prenuptial agreements, even if they have never signed one. In recent years, prenuptial agreements have become increasingly popular as a way for couples to establish a level of financial security and peace of mind before they get married. At Botti Marinaccio, LTD., we realize that the window for negotiating and planning for an unpredictable future does not close when you get married. Whether you have been married for many years or you have only recently begun your marriage, a postnuptial agreement could potentially help you address property, money, inheritance, and other concerns before they can become major problems. Our attorneys understand the challenges associated with a postnuptial agreement. We will help you create an agreement that protects your rights, your children’s rights, and your best interests.
What Can An Illinois Postnuptial Agreement Address?
A postnuptial agreement is similar to a prenuptial agreement in most regards, with the biggest difference being whether the document is signed and executed before or after the marriage. Such an agreement can be useful in delineating each spouse’s rights and responsibilities both during the marriage and in the event of a divorce. Your postnuptial agreement can be customized to include a wide range of issues, including but not limited to:
- Specifying property that will and will not be subject to division in a potential divorce;
- Protecting each spouse from responsibility for the debts originated by the other party;
- Establishing conditions or an agreement regarding the payment of spousal support;
- Clarifying rights regarding inheritances for children from a prior relationship;
- Creating obligations and responsibilities for death benefit and life insurance policies; and
- Protecting business interests by addressing ownership and operational concerns.
As with prenuptial agreements, postnuptial agreements cannot include provisions regarding parental responsibilities or child support for the children of the couple. According to Illinois law, these concerns can only be addressed at the time that they become relevant, such as during a divorce or legal separation.
While postnuptial agreements are helpful in creating security in the event of a divorce, they can also be useful in making contingency plans that address the unexpected death of one of the spouse. Regardless of your needs, the attorneys at Botti Marinaccio, LTD. have the knowledge and skill to assist you in developing an agreement that fully protects your future.
Trusted Counsel For Marital Agreements
A postnuptial agreement could be a good option in many scenarios. For a couple that is separated—either legally or informally—a postnuptial agreement might provide the foundation for rebuilding trust through open and honest communication. Additionally, if you or your spouse is thinking about engaging in a high-risk, high-reward business opportunity, you may wish to create a postnuptial agreement to establish each party’s possible liabilities and potential claims to any profits that result.
At Botti Marinaccio, LTD., we realize the value of compromise, cooperation, and communication. With that in mind, we are dedicated to helping you develop a suitable agreement in any type of situation. Our attorneys have decades of experience in the practice of family law. We will put our client-first approach to work for you and your family.