Pre-nuptial agreements are well-known contracts that are executed before marriage, and are used to help protect a spouse's assets if there is ever a divorce.
Preparing for the worst and unwanted contingencies may prevent additional stress and acrimony at the end of a marriage. A prenuptial agreement can help prevent some of these problems, and can greatly ease in the property division process, should the marriage later end in divorce. A prenuptial agreement is a contract entered between the engaged couple before they marry. Typically, these agreements set forth terms for property division if the couple ever divorces. The prenup may also contain each spouse's duties and property rights while they are married.
Some residents of Lake County, Illinois, may realize that they need to live separately from their spouses and want the necessary legal protection to be able to do so safely and securely. However, for religious, financial or emotional reasons, or some combination of these reasons, they may not prefer a full blown divorce.
When it comes to protecting your assets in the event of a divorce, you can't protect an asset you're not aware of. While there are guidelines and formulas for the division of marital assets, they are only effective if used in conjunction with accurate information about a couple's finances.