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posted on 2/12/17

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

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