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Benefits of Prenuptial and Postnuptial Agreements

Posted on in Divorce

Wheaton Prenup Lawyer

While marriage is a romantic relationship, it is also a legal contract and business agreement. Couples share each other’s assets and lives when they decide to get married. 

Prenuptial and postnuptial agreements used to be frowned upon by an overwhelming majority of people, but that has changed in recent years, especially with millennials. Society has largely altered how marriage is viewed, which has led to an increase in the number of prenups and postnups. 

Protection

The reason to have an attorney draw up a prenuptial or postnuptial agreement is not because you expect to get a divorce. It simply prepares for the possibility of divorce to protect both parties from the potential of emotionally-charged decisions they could regret. By considering financial and other arrangements prior to or shortly after their wedding day, a couple can do so with clear vision and rationale, to truly lay out a plan that helps both parties and any children if the worst-case scenario occurs.

Preparation

A prenup or postnup can lay out a variety of things, many of which are extremely important for each person’s life after divorce. Property and asset division, and the amount and duration of maintenance/alimony payments can be included, along with other key elements. Having these provisions laid out before a divorce can make the divorce process much easier, and less likely to be influenced by decisions based on how angry an individual is at their soon-to-be ex-spouse. 

Clarity

If a couple is already married and wishes to draw up a postnuptial agreement, in part because their relationship is stressed, it can provide some clarity on items or situations on which they disagree. A postnup can speed up divorce proceedings because much of the details are already laid out in the agreement, and most people would prefer to have the divorce finished as soon as possible. 

Contact a Schaumburg Prenuptial and Postnuptial Agreement Lawyer

Prenup agreements and postnups can be complex contracts with many different assets to consider and should be left to a skilled attorney who will work with you to draft the agreement. The experienced lawyers at Anderson & Associates, P.C. can make the process as easy as possible and ensure you are taken care of in the event of a divorce. Contact a DuPage County family law attorney today at 630-653-9400 to set up a free consultation.

Sources: 

http://aaml.org/about-the-academy/press/press-releases/big-increase-spouses-seeking-postnuptial-agreements

https://www.forbes.com/sites/heatherlocus/2018/09/23/why-prenuptial-and-postnuptial-agreements-lead-to-stronger-marriages-and-prevent-disastrous-divorces/#246268096488

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