Prenuptial Agreement Illinois

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Prenuptial Agreement

What’s a prenuptial Agreement?

A prenuptial agreement, premarital agreement, or antenuptial agreement, normally abbreviated to prenup or prenupt, is a contract entered into prior to another agreement, civil union or marriage prior to the chief arrangement by contract or the people intending to wed. The content of a prenuptial agreement can fluctuate broadly, but commonly comprises provisions for spousal support and division of property in the event of divorce or break up of marriage. They may have terms for the forfeiture of assets as an outcome of divorce on the grounds of infidelity; further states may be included as well.

Are they becoming popular and useful?

Let’s face it: That Valentine’s Day proposal’s afterglow often starts as discussions of wedding details get started to blur. The happy couples face possible buzz killers that are financial (to keep reception costs down), that is logistical (where to seat relatives not on speaking terms) and so forth.

The prenup appears so totally unromantic — or simply plain wrong — but it’s also become so appropriate for so many these days: those aware that the union may end up in a legal separation, divorce or death. Most prenups tackle financial issues including property, department and potential spousal support in the event of divorce or separation.

“More and more of these arrangements are being drafted,” says American Academy of Matrimonial Lawyers President Marlene Eskind Moses. “It is not merely something for the rich and renowned any longer. It’s for people that have assets and/or income that they need to protect.”

Nearly one-third of single adults say they would request a significant other to sign a prenup, in accordance with a February survey of 2,323 adults by Harris Interactive.

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