Tuesday, November 9, 2021

Prenuptial Agreements


In Illinois, prenuptial agreements are governed by the Illinois Uniform Premarital Agreement Act (750 ILCS 10/1-10/11). A prenup must be created in writing, and it must be signed by both spouses. A prenuptial agreement will not become effective until a couple becomes legally married. If a couple chooses not to get married, any prenuptial agreement they have made will become void. A prenup can also be amended or revoked after a couple's marriage if these changes are made in writing and signed by both spouses.

Before signing a prenuptial agreement, both parties should make a full financial disclosure to each other, including the income they earn, the property they own, and the debts they owe. A party may choose to waive their right to receive financial disclosure, but they must do so in writing.#prenuptialagreements,

No comments:

Post a Comment