Prenuptial Agreement In Illinois

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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  • Preview Illinois Premarital Agreements Package
  • Preview Illinois Premarital Agreements Package
  • Preview Illinois Premarital Agreements Package

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Premarital Agreement

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FAQ

First, the court will decide whether the prenup is procedurally or substantively unconscionable. Second, the court will assess whether there was a fair disclosure of information regarding the parties' property when the prenup was signed. If the prenup fails on both grounds, then it is not valid.

Can I do my own prenuptial agreement? You do not need an attorney to create or read the prenup before parties agree to it. However, the prenup is much more enforceable if both parties have their own attorney during the prenup process.

In Illinois, prenuptial agreements must be in writing and signed by both parties in order to be enforceable. Prenuptial agreements can include provisions detailing the division of assets if the relationship breaks down and ends in divorce. Both parties must voluntarily sign the prenuptial agreement.

An Illinois prenuptial agreement must be in writing and must be signed by both parties. You should hire a lawyer. Your spouse-to-be should hire a different lawyer. Next Steps: Read the additional information about Illinois prenuptial agreements below.

Technically speaking, both people do not need a lawyer. However, both people should have a lawyer. If the prenup ever goes before the court, the judge will want to see that both people had lawyers.

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Prenuptial Agreement In Illinois