Why Prenuptial And Postnuptial Agreements Make Sense
“Until death do us part.” Though still a part of most marriage ceremonies, these days those words unfortunately may not ring true. At least half of all new marriages will end in divorce. Failure rates are even higher for second marriages. While that does not mean your marriage will not last, it does mean you should be realistic when entering into a marriage, especially if you have significant assets or children from a prior relationship to consider.
At Greenwich Law Group, LLC, we can help you put legally binding agreements in place that are aimed at protecting your interests and your assets. Whether you need help with a prenuptial (before marriage) or postnuptial agreement (after marriage), we can provide proper advice and assist you in drafting the agreements you desire.
In some cases, getting your partner to agree to the conditions set forth in the agreement can be difficult. However, we can provide you with some advice as to how to approach the subject with your partner and make it more acceptable to him or her.
With almost 75 years of legal experience, Alexandra M. Goddard, Jessica L. Malmquist, and Alison G. Turoff have helped many couples draft important agreements aimed at making a potential divorce a much easier matter to settle.
Who Needs A Prenuptial/Postnuptial Agreement?
These types of agreements are not only for the wealthy; they are also a good idea for people who have more modest assets or businesses and are concerned with protecting them.
In general, you may want to consider a prenuptial or postnuptial agreement if any of the following situations apply to you:
- You have substantial assets you seek to protect, including savings, investments, property, and other assets;
- You expect to receive a large inheritance;
- One of you will be supporting the other while he/she attends college, vocational training, or some other form of education;
- You are pursuing a degree in a field such as medicine, science, or engineering that may provide substantial income;
- You have children from a previous relationship; or
- You own a business or part of a business, or you have an idea, new product, or service that you believe is on the verge of success and will provide significant income.
Learn How Prenuptial Or Postnuptial Agreements Protect Both Parties In A Marriage
To discuss how we can help you in the preparation or review of a prenuptial or postnuptial agreement, contact Greenwich Law Group, LLC, or you may send us a confidential email to schedule a consultation. We represent clients throughout Greater Chicago from offices in Chicago and Barrington