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Are prenuptial agreements reserved for the wealthy?

To be blunt, the answer to the question posed in our title is "no." However, there is an element of truth to it. The more assets you have, the more likely it is that a prenuptial agreement could help you in case of a divorce. Since a prenuptial agreement is designed to provide legal protections and support for you and your spouse in regards to property division during divorce, then it only makes sense that the more wealth and assets you have, the more appealing and helpful a prenup would be.

Having said that, a prenuptial agreement can help many different couples even if they don't fit the definition of a "high asset" divorce. Prenups can cover many other areas of a divorce, and even marriage, than the property the two of you own. They can address responsibilities in marriage; they can address family businesses, assets and heirlooms (owned by one spouse); and they can address any inheritance that you may receive in the future.

If you are considering a prenuptial agreement, then you need to put together a portfolio of assets and finances that could be involved in that prenup and you need to talk to an attorney to ensure these assets are properly managed and addressed in the prenup.

At Goddard & Malmquist, we excel at handling divorce cases that involve prenuptial agreements. We can even help you put together a prenuptial or postnuptial agreement. If you are in need of legal help and a prenup is involved in your case, please consult with us.

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Goddard & Malmquist

Goddard & Malmquist
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Barrington, IL 60010

Phone: 847-382-3995
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