Pre & Post Nuptial Agreements
Pre & Post Nuptial Agreements Attorney - Joliet, Illinois
Serving Will, Grundy and Kendall Counties
If you have ever seen the television show - Modern Family, then you can relate to how many marriages today are made up of blended families, combining children from previous marriages, etc. Marriages are sometimes between people with substantial means and assets of their own. Many couples find it worthwhile to meet with a qualified lawyer and outline a practical understanding of rights and responsibilities — in particular, which assets and debts belong to whom.
Prenuptial Agreements Can Resolve
What each side’s debts and assets are
Which assets will be owned exclusively by which family members
How future assets will be divided among children from previous marriages
Who is responsible for debts incurred prior to the marriage
Who is responsible for future costs of children, including college
Which finances and assets are to be kept separate, out of the marriage
How will money be managed in the new family
Who will pay the bills
Who will file tax returns
Consider a Prenuptial Agreement Today to Avoid Disagreements Later
These are all very practical questions that, left unanswered, have the potential to cause serious problems later. The best time to affect an understanding is at the beginning.
Premarital and Postnuptial Agreements
If you should fail to create a prenuptial agreement before the wedding, all is not lost. Agreements can still be arranged any time after the marriage begins. Spouses can clarify their rights and obligations in the event of a divorce. Property division and spousal maintenance are frequently the focuses of postnuptial agreements. A prenuptial agreement can prevent major misunderstandings later.
There are no secrets to success. It is a combination of hard work, thoroughness, preparation, passion and compassion. Attorney Melton loves the law, and loves to help people!