Protection of Assets Acquired Prior to the Marriage: If one spouse has significantly more assets than the other or critical assets like a business that they built from the ground up, a prenuptial agreement can prevent these assets from being considered marital property that is subject to division in the event of a divorce.For people who have been through a difficult divorce, prenuptial agreements are also an alternative to simply choosing not to get married again. This can save both parties significant money on attorney fees, as well as a significant amount of stress and negative feeling toward one another. Any issues that are appropriately resolved in the premarital agreement will not have to be litigated in a potential divorce. Reducing the Expense and Stress of Potential Divorce Proceedings: If you have been previously married and have been through an expensive and litigious divorce, a prenuptial agreement is a great way to ensure that this does not happen again.Prenuptial agreements can be especially advantageous in a number of circumstances: When is a Prenuptial Agreement Appropriate? Prenuptial agreements can be amended or revoked after marriage by the written agreement of both spouses. If the marriage never occurs, any prenuptial agreements are void.

Prenuptial agreements only become effective after the parties get married.

Prenuptial agreements need not be witnessed or filed with any governmental agencies or courts. In order to be valid, premarital agreements must be in writing and signed by both parties. Illinois prenuptial agreements are governed by the Illinois Uniform Premarital Agreement Act ( 750 ILCS 10/1, et seq.). How do Illinois Prenuptial Agreements Work? In this article, we explain Illinois prenuptial agreements (also known as premarital agreements), including what is a prenuptial agreement, how do Illinois prenuptial agreements work? When is a prenuptial agreement appropriate? What issues can a prenuptial agreement resolve? And when is a prenuptial agreement enforceable? What is a Prenuptial Agreement?Ī prenuptial agreement is a contract between two people who intend to marry, resolving issues that may arise with a divorce, such as property division and alimony payment.

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