Sociable

Monday, September 27, 2010

Reasons for Getting a Prenuptial Attorney

A Ketubah in Aramaic, a Jewish marriage-contra...Image via WikipediaA lot of people do not believe in prenuptial agreements. Some people think that it shows the lack of trust of your partner. Others believe that it’s nothing but a costly and unnecessary process. Some think that it makes the whole marriage insincere. There are, however, those who think otherwise. Here are some of their reasons why.

It protects business partners
According to Illinois family law attorneys, unless stated in a formal agreement, your spouse can end up owning a share of the business once the marriage ends. As a result, your business partners can find themselves in a position they don’t want to be into – with your ex-partner as a co-owner. To protect them from such scenarios, stipulations can be put in the prenuptial agreement. This also makes sure that your partner is marrying you for who you are and not because of how much you’re worth.

It protects the fruits of your labor
You may have worked quite hard, invested wisely or inherited great wealth prior to meeting the person you have decided to share the rest of your life with. These earnings are rightfully yours, and it may be in your best interest to protect and keep them if your marriage ends in dissolution.

Regardless of your motivations, if a prenuptial agreement is needed, the best place to start is with a reputable prenuptial attorney. It's your assets, you have the right to protect them.
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