Even though no one expects or hopes to die prematurely, responsible individuals have life insurance policies to protect their dependents if the unexpected becomes a reality. Similarly, no one expects or hopes for their marriage to end in divorces. However, it is important to protect dependent children and be prepared for the unexpected, and that is exactly what a premarital agreement does.
Spousal agreements are especially important in high-asset marriages. Money is one of the primary sources of marital friction, and since premarital agreements allow prospective spouses to make financial decisions in advance, a key element in marital conflict never has a chance to develop. Similarly, premarital agreements settle inheritance and succession questions in advance, avoiding later discord and probate litigation.
Making Premarital Agreements
Illinois and almost all other states use the
©2024 Glasgow & Olsson | Powered and Managed by Marlin Marketing