Handling financial matters during marriage can be complex. Couples often seek ways to protect their assets and plan for the future. A Naperville, IL postnuptial agreement lawyer can help you understand how a postnuptial agreement, also known as a postnup, works under Illinois law. Signing a postnup does not indicate that you think your marriage will fail. It is just a contract between two financially responsible adults.
What Conditions Can Be Included in a Postnuptial Agreement in Illinois?
Like a prenuptial agreement, a postnuptial agreement defines how property and maintenance are handled during divorce. The primary difference is that you sign a prenup before marriage and a postnup when you are already married. Section 750 ILCS 5/503 of the Illinois Marriage and Dissolution of Marriage Act states that marital property is divided fairly, not always equally, in divorce. However, prenups and postnups allow you to have more control over the process.