Schaumburg Postnuptial Agreements Attorney

Schaumburg Postnup Lawyer Fighting for Your Protection

While many couples make decisions about their financial assets and obligations prior to getting married in the form of a prenuptial agreement, these types of decisions can also be made after the marriage has been made official. Postnuptial agreements between a husband and wife are used to characterize marital assets and debts and define financial responsibilities. At Anderson Attorneys, P.C., we assist spouses in creating postnuptial agreements that are comprehensive and legally enforceable. We work with both husbands and wives, and we take care to fully protect our clients' interests. We can provide guidance regarding the benefits of postnuptial agreements, the terms that may be included, and the best ways to ensure that both parties' needs will be addressed if they choose to get a divorce.

When Postnuptial Agreements Are Used

In the hustle to plan a wedding and prepare for a marriage, the creation of a prenuptial agreement may fall by the wayside. A postnuptial agreement can provide a "second bite at that apple," ensuring that a couple will be able to address financial concerns and other issues during their marriage and in a potential divorce. Even if you have a premarital agreement in place, a postnuptial agreement may be advisable under certain circumstances. A postnup may be used in situations where spouses seek to bring additional clarity to their financial obligations if, including in situations such as:

• One or both spouses start or invest in a business: A family business can represent a significant investment, and it can also serve as a source of income for one or both spouses. A potential divorce could threaten a business, since the division of assets between spouses may lead to the business's dissolution. A postnuptial agreement can define ownership rights for a business and determine how the business and other assets may be divided during a divorce.
• One spouse would like to make a risky financial investment: Using marital funds to invest in commercial enterprises, stocks, or cryptocurrency may affect a family's finances. In these situations, a spouse may want to make sure they and their family will be protected if investments do not pay out as expected. A postnup can protect certain assets or ensure that the spouse who made an investment will be solely responsible for debts that may arise.
• One spouse inherits a large sum of money: While inheritances are typically considered separate property that will not be divided between spouses in a divorce, it may be necessary to take steps to protect these assets. A postnuptial agreement can specify ownership rights for inherited assets and ensure that a person will be able to maintain financial stability if their marriage ends.
• One spouse purchases an asset that has sentimental value: By making decisions about how property will be divided in a potential divorce, a postnuptial agreement can help prevent disputes over assets that may be important to either party.
• One spouse has children or grandchildren from a previous relationship: As with a prenuptial agreement, a postnuptial agreement can ensure that certain assets will be set aside to provide for a spouse's children or grandchildren. This can make sure assets will be distributed correctly if a couple gets a divorce or if a parent or grandparent dies.

Many married couples also choose to enter into postnuptial agreements during times of marital distress to "level the playing field" while working on their marriage. Additionally, postnuptial agreements are sometimes drafted when couples decide to legally separate but do not want to get a divorce right away or at all. Whatever your specific situation, we can help you draft and negotiate a postnuptial agreement that protects your interests and fulfills your objectives.

Contact Our Schaumburg, Illinois Postnup Lawyer

To learn more about postnuptial agreements and how our firm can assist you, contact us at 847-850-8899 and schedule a free consultation. From our office in Schaumburg, we provide legal help to clients in Cook County, Kane County, DuPage County, Will County, and other nearby areas.