Chicago Postnuptial Agreement Lawyers Taking a Load Off Your Marriage
Postnuptial agreements are gaining in popularity as the end of a long-term marriage draws near. If you’ve been considering one, then chances are high that your finances have undergone a significant change in recent years. Perhaps you made a big career transition or realized a lucrative business opportunity, which has put you in a higher tax bracket. Possibly, you inherited property from a loved one and have greater financial responsibilities following the loss of their support. This can be an extremely emotional issue that could benefit greatly from a well-written postnuptial agreement. If you’d like to learn more about how our team might help you determine if this type of contract is right for you, please contact us today at (312) 757-4833.
What Is The Difference Between a Prenuptial And a Postnuptial Agreement?
A prenuptial agreement is signed prior to the marriage, while a postnuptial agreement comes about during marriage. The primary difference between these agreements is simply when the agreement takes place.
Oftentimes, you’ll hear that only wealthy couples should consider drafting this type of contract. However, that really isn’t true. Anyone can write one of these contracts so long as both parties are aware of their rights and responsibilities regarding family assets. Yes, it’s definitely recommended if you have accumulated wealth, but there are numerous reasons why you may want to consider a marital contract regardless of your bank account balance.
Why Should I Get a Postnuptial Agreement?
Whether you’re a celebrity, a politician, a high-powered business executive, or a blue-collar worker who has seen his or her financial situation change in recent years, being married carries with it plenty of legal responsibilities. If your relationship ends in divorce then those liabilities can quickly become very expensive. In order to prevent this from happening for both parties, many people use postnuptial agreements as an efficient and effective way to manage their family assets.
Today, there are numerous reasons why it makes sense to sit down and draft this type of contract. One reason is that if you own a business, then it’s likely grown in value over the course of your relationship. This makes it even harder for you to come up with equitable ways to split things should there be any problems later on. One of the most common reasons why couples sign a postnuptial agreement is when a family relocates to another state or country for a spouse’s job. A postnuptial agreement can help create assurances moving forward. The other side might argue that they only recently received an inheritance, which has allowed them to make career decisions they wouldn’t have otherwise been able to make without the fear of losing half their assets.
For whatever reasons one might want to consider drawing up a postnuptial agreement, The Law Offices Of Robert B. Buchanan wants you to know how important it is that both parties are on the same page before they sign anything. Our lawyers have experience with all manners of marital asset division in Chicago, if you’d like to learn more about how we might help you consider your options, reach out to us today.
Do I Need to Hire a Postnuptial Agreement Attorney?
Drafting a postnuptial agreement on your own can leave you compromised in the future. By hiring a postnuptial agreement lawyer, you can ensure that all of your needs and goals are accounted for and that there is an equitable plan that can benefit your family moving forward. The Law Offices Of Robert B. Buchanan wants to help you determine whether or not this is something that would work for your situation, so please feel free to reach out if you have any other questions.
How Can a Postnuptial Agreement Lawyer Help Me ?
Writing a postnuptial agreement requires the help of a dedicated lawyer who will sit down with both parties to make sure that they clearly understand their rights and responsibilities. Doing so can be complicated, which is why it’s always best to have a professional on your side. At The Law Offices Of Robert B. Buchanan, we pride ourselves on our years of experience, having drafted hundreds of marital contracts, and we would love to assist you as well.