An Illinois Agreement as To Assets and Debts is a contract between two parties that outlines how the assets and debts of a couple will be divided in the event of a divorce. This agreement outlines who will be responsible for paying debts, who will keep specific assets, and how any shared assets will be divided. This agreement is most commonly used when a couple is filing for a divorce but can also be used in other situations, such as when a couple is separating. There are three main types of Illinois Agreement as To Assets and Debts: a prenuptial agreement, a postnuptial agreement, and a separation agreement. A prenuptial agreement is a contract between two people who plan to get married. This agreement outlines how the couple’s assets and debts will be divided in the event of a divorce. A postnuptial agreement is a contract between two people who are already married. This agreement outlines how the couple’s assets and debts will be divided in the event of a divorce. A separation agreement is a contract between two people who are currently living apart. This agreement outlines how the couple’s assets and debts will be divided in the event of a divorce. In an Illinois Agreement as To Assets and Debts, the parties must provide a full disclosure of their assets and debts. The agreement must be in writing and must be signed by both parties. The agreement must also be witnessed by two people and notarized. It is important to consult a lawyer before entering into an Illinois Agreement as To Assets and Debts, as the agreement is legally binding and can be difficult to modify.