Prenuptial Agreement Illinois Example

State:
Illinois
Control #:
IL-P035-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package can be used by persons who have been previously married, or by persons who have never been married. It includes provisions regarding the contemplated marriage, assets and debts disclosure and property rights after the marriage. The forms describe the rights, duties and obligations of prospective parties during and upon termination of marriage through death or divorce.


These forms are often used by individuals who want to ensure the proper and organized disposition of their assets in the event of death or divorce. Among the benefits that prenuptial agreements provide are avoidance of costly litigation, protection of family and/or business assets, protection against creditors and assurance that the marital property will be disposed of properly.


Included in your package are the following forms:



1. Prenuptial Premarital Agreement without Financial Statements;

2. Amendment to Prenuptial or Premarital Agreement;

3. Financial Statements only in Connection with Prenuptial Premarital Agreement;

4. Revocation of Premarital or Prenuptial Agreement

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Premarital Agreement

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FAQ

The IUPPA, at 750 ILCS 10/3, provides that a prenuptial agreement must be both (1) in writing, and (2) signed by both parties.

What you may include in an Illinois Prenup Put it in writing! ... The terms included in your premarital agreement must be lawful. Your Illinois premarital agreement must be signed by both parties (HelloPrenup recommends initials at the bottom of each page!)

7 Things to Include in Your Prenuptial Agreement Premarital Assets. ... Premarital Debts. ... Spousal Support and Waiving the Right to Alimony. ... Financial Responsibilities. ... Provisions for Children from Previous Relationships. ... Business Earnings. ... Retirement Accounts.

Couples in California Can Write Their Own Prenups Under the California Uniform Premarital Agreement Act, as long as the contract respects and fulfills the state's legal requirements, it will be viewed as a valid and legally binding agreement with or without input from a licensed attorney.

In Illinois, a prenuptial agreement becomes effective upon the legal marriage of the parties. While both parties must sign the agreement, it does not need to be notarized. Additionally, there's no requirement for the agreement to be signed in the presence of witnesses.

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Prenuptial Agreement Illinois Example