Protecting rental properties during a divorce can be a complex and challenging process. However, with careful planning and the guidance of a skilled attorney in Illinois, you can take steps to safeguard your investment. Here are some strategies to consider as you move through this critical process.
Prenuptial or Postnuptial Agreements
A prenuptial or postnuptial agreement is a legally binding contract that outlines the division of assets in the event of a divorce. By including your rental properties in such an agreement, you can establish them as separate properties, ensuring they remain protected.