What should you know before you sign a prenuptial agreement? Forbes wrote a great article that discusses prenuptial agreements at length – CLICK HERE. Talk to a lawyer Each of you should have your own attorney Know your state’s marriage laws Make sure you do it right!
On behalf of The Walters Law Group, Ltd. posted in Family Law on Thursday, May 2, 2013. Attaining a prenuptial agreement in Chicago is a prudent decision regardless of wealth or socio-economic status. Pre-marital assets, such as retirement accounts, businesses and inheritances, can be protected via a pre-marital agreement. Though it may be difficult or uncomfortable to bring up the subject, signing a prenuptial agreement can spare couples unwanted stress in the event of divorce. Benefits of a prenuptial agreement include protection of future earnings and avoidance of debt. If a spouse decidesContinue reading
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, October 10, 2012. Each year, countless numbers of couples throughout the Chicago area decide to marry. In some of these situations, to safeguard assets and property brought to the marriage, couples decide to sign prenuptial agreements. This is particularly true when the ensuing marriage is considered to be one of high-net-worth. Prenuptial agreements are designed to outline the division of assets should the marriage being entered into, fail. In some cases alimony and child support are addressed as well.Continue reading
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, July 20, 2012. Divorced residents of Chicago likely understand how traumatic the process can be. Contrary to the assumptions of those who’ve avoided the process, a second divorce is not any easier on the participants. There is evidence that the financial and emotional pain actually increases. Unless you adopt the approach of many celebrities, “keep doing it until you get it right,” the pain of your first divorce doesn’t serve as an aid should you face a second one. There are understandableContinue reading