What should a business owner’s first step be to avoid disruption during divorce? Illinois Divorce Lawyer Candace Meyers answers:
FAQs
What are the costs of a proper prenuptial agreement?
It’s surprisingly inexpensive. Assuming that you’re represented by a lawyer who’s been through this process, it’s a relatively straightforward situation. Your lawyer should be able to get the work done and the negotiations completed and give you a signed, enforceable document by maybe expending a handful of hours. It’s not necessarily a long, drawn out, […]
Do you need an attorney to do a prenup or could you do it yourself?
If you listen to the radio long enough you’re going to hear one of these ads about one of these internet websites where for $29.95 you can have a form that you download off their website, and you fill in a couple of blanks and sign it, and call it a prenup. I’ve been involved […]
What certainty does a pre or post-nuptial offer?
It provides the certainty of what’s going to happen in the event that this marriage breaks down and ultimately ends in a divorce. From the timing and cost standpoint, and from taking out issues that are going to be in controversy between the parties, we really don’t see that there’s any downside to it. For […]
Can couples revise their prenuptial agreement?
Yes. All that’s really required is that the document be in writing and that it be voluntarily entered into by each party. When we’re talking about modifying either an existing prenup or entering into a post-nup, if there wasn’t a prenup that was entered into that’s a slightly more tricky situation, and there is certainly […]
Do prenuptial agreements help reduce or eliminate litigation?
It probably doesn’t eliminate litigation but it sure does significantly reduce the complexity, cost, and the duration of it. With a well thought out pre-nup, we’re able to get down to just questions about any children that might arise as a result of the marriage, we can essentially resolve everything else ahead of time. Assuming […]
Is it important to have a prenup when one or both parties is entering a second or third marriage?
Yes, those are the situations where there’s all kind of potential landmines. You can talk about ownership of the home that the parties are going to occupy, you can talk about payment of mortgage, and what about necessary repairs in the future? Who’s going to pay the real estate taxes? Who’s going to benefit from […]
What does a couple require to create a premarital agreement?
In order to create the prenup each party is going to need to assemble a list of their income, assets, debts, and expenses. An agreed-upon list of issues is also going to help the lawyer who is going to negotiate and draft the prenup. Presumably the parties have discussed, at least in a general sense, […]
What’s the value in having a prenuptial or post-marital agreement in Illinois?
Looking at the cost benefit of a prenup, it’s immediately apparent that it’s a good investment for each party. It gives some much needed certainty to the relationship. If this marriage is going to end unsuccessfully, you know by simply pulling out the document what 80% or 90% of the issues are going to look […]
How does a post-marital agreement work?
A post-marital agreement is a document that can be supported without any consideration, so there doesn’t have to be anything given up in the process of entering into that. The legislature in Illinois encourages people, if they are able to peacefully resolve potential disputes, and to do so in writing, and it has to be […]
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