Chicago Illinois Postnuptial Agreements Package

State:
Illinois
City:
Chicago
Control #:
IL-P089-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package can be used by married persons who wish to define and specify their respective and collective rights in the separate and joint property of the parties. These forms are often used by couples who want to ensure the proper and organized disposition of their assets in the event of death or divorce. Among the benefits that postnuptial 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. Postnuptial Property Agreement;


2. Amendment to Postnuptial Property Agreement; and


3. Revocation of Postnuptial Property Agreement.

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  • Preview Illinois Postnuptial Agreements Package
  • Preview Illinois Postnuptial Agreements Package
  • Preview Illinois Postnuptial Agreements Package
  • Preview Illinois Postnuptial Agreements Package

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FAQ

How to Write a Postnuptial Agreement Step 1 ? Include Party Information.Step 2 ? Provide Property Information.Step 3 ? Include Business Information.Step 4 ? Provide Debts and Taxes Information.Step 5 ? Specify How You'll Divide The Marital Home.Step 6 ? Include Pet Information.Step 7 ? Add in the Final Details.

Voluntary ? Both parties to a postnuptial agreement must have signed the agreement voluntarily and intentionally. Any indication that one spouse coerced or threatened the other into signing will make a postnuptial agreement null and void.

The terms cannot be changed if a couple is separated or in the process of divorce. Changes can only be made before a wedding or during the marriage.

Is a Postnup Always Enforced During an Illinois Divorce? In Illinois, a pre or postnuptial agreement that is made willingly and is generally fair and equitable will be enforced. However, according to the law if a postnuptial agreement is found to be ?unconscionable?, it will be thrown out.

Illinois allows for postnuptial agreements to help simplify divorces and promote settled solutions to family law issues. A postnuptial agreement is similar to a prenuptial agreement, only it is entered into after a couple is married. Postnuptial agreements are legal contracts.

A postnuptial agreement cannot provide enforceable terms for child support or custody. However, it can include provisions for alimony since that is considered separately from a spouse's duties as a parent.

Unlike the more widely known prenuptual agreement, or prenup, a postnup is agreed upon after a couple has married or entered a civil partnership. If you are not yet married, you will need to sign a prenup instead. There is no perfect time to sign a postnup, it can be created at any point during a marriage.

Yes, you can technically write your own postnuptial agreement, but the question is: should you? While you can likely find templates online, it is still difficult for the average person, who is not a legal professional, to draft such a complex legal document.

Postnups are not strictly legally binding, but they can be more likely to be upheld than prenuptial agreements because there is no looming wedding date putting pressure on the couple to sign up.

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Chicago Illinois Postnuptial Agreements Package