When people think about postnuptial agreements, they assume they are a way to plan for divorce. In many cases they are, but they can also be used in the event of a legal separation or the death of a spouse. No one likes to think about any of these occurrences, however, having a binding legal contract in place can make unexpected issues that arise during the marriage much less complicated.

By working with an experienced attorney in Frankfort, you can create a postnuptial agreement that considers and protects your rights in the marriage. Our attorneys at Reidy Law LLC have years of experience and are well-versed in this area of law. Our goal is to help you safeguard your assets and protect yourself for the future.

What Is a Postnuptial Agreement?

A postnuptial agreement is a legally binding contract that a couple signs after they have already exchanged their wedding vows. According to Section 502 of the Illinois Marriage and Dissolution of Marriage Act (the “Act”), these agreements serve several purposes, some of which include:

  • Determining spousal support
  • Safeguarding the assets of both spouses
  • Clarifying financial responsibility and division of property
  • Safeguarding one spouse from the debt of the other

The laws concerning postnuptial agreements are complex, and they change often. Our attorneys are knowledgeable about postnuptial agreements and work to keep up with the changes that would affect those in Frankfort. We can work with you to put together a legal agreement that properly reflects your needs and interests.

Dividing Property in Frankfort

In the event of a separation or divorce, the court generally uses the doctrine of equitable distribution to divide property. This means that the court is only required to divide property in a manner that they deem fair and just. This does not always mean that the property will be divided evenly. In fact, in most cases, it is not. Even when the court has determined their decision fair and final, one or both spouses typically feel they were treated unfairly.

That is why having a post-nuptial agreement in place is so important, especially when you have valuable assets. You do not want to end up losing assets that are important to you. Also, you want to make sure that you are financially secure, especially during a time when you and your spouse are no longer together. Working with a practiced Frankfort lawyer can help you navigate these issues, issues that you may not even be aware of so that you can draft a postnuptial agreement that protects you for the future.

Discuss Your Postnuptial Agreement With a Frankfort Attorney

The matters addressed in a postnuptial agreement are never easy to discuss but they are important, especially if you have a lot to lose. Your property is worth protecting. With a postnuptial agreement in place, you can have peace of mind. Our Frankfort attorneys can work with you to create a postnuptial agreement that considers the unique factors of your marriage. Call Reidy Law Offices LLC at 708-942-8428 to get started.