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Many people understand that a premarital agreement can protect them in the event of a divorce, but still fail to see how this contract can also help them during their marriage. Of all the benefits a premarital agreement brings, a more peaceful and harmonious marriage is one of the biggest. Below are just a few of the ways having a premarital agreement in place before the wedding can help ensure you have a happy marriage.
Many times, spouses disagree and argue simply because they are uncertain of what lies ahead of them. Even the happiest marriages experience this uncertainty at times when perhaps one spouse is entitled to a large inheritance and wants to know what would happen to it if they got a divorce. Eliminating this uncertainty and putting everything down in writing provides the protection spouses need, which allows them to focus on being an even better spouse.
The Illinois Uniform Premarital Agreement Act states that a premarital agreement is not enforceable if only one party signed the contract voluntarily, or if it is grossly unfair at the time it is signed. Due to this, there is no point in signing a contract if it is not fair to both parties. After one is signed, both partners can rest assured that their marriage is based on honesty and full disclosure, creating a strong foundation for the couple.
Sometimes, one spouse brings a tremendous amount of debt into the marriage with them and, without a premarital agreement, their partner is partially liable for that debt. This can cause a number of arguments centered around money, and how the indebted spouse is spending too much when they should be repaying their debts. Having a premarital agreement in place can eliminate these arguments, making for a happier marriage.
It is imperative that anyone that owns a business has a premarital agreement in place. Often, these businesses are held and operated by one spouse alone. To the spouse that owns it, the business is very valuable because they built it from the ground up. Drafting a premarital agreement prior to the marriage can help ensure the business is protected and outlined as separate property, therefore not subject to property division rules.
If you are about to get married, it is crucial that you first have a premarital agreement in place. This contract can help ensure you are not only protected in the event that you become divorced, but also that you have a happier marriage. When it is time to draft this contract, our skilled Hinsdale family lawyers can help. At the Law Office of Martoccio & Martoccio, we know how to ensure premarital agreements are fair and enforceable, and that they protect your best interests. Call us today at 630-920-8855 to schedule your free initial consultation and to get started on yours.