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Wheaton prenup lawyerWhen you see wedding bells in your near future, there are probably 101 things on your mind -- and a prenuptial agreement is not likely to be one of them. Though it can seem unromantic and it may feel like you do not trust your future marriage, a prenuptial agreement can be a hugely beneficial tool in the event that you and your spouse ever get divorced. Prenuptial agreements give you freedoms from certain laws that you would not otherwise have. A prenuptial agreement is a legal document that allows you and your spouse to basically plan your divorce before it happens. Prenuptial agreements allow you to address issues such as property division, spousal maintenance and ownership of businesses or professional practices.

Prenuptial agreements are not just for the rich and famous -- they are useful for almost everyone. Here are a few reasons why you may want to consider getting a prenuptial agreement before you tie the knot:

1. One of You Has Been Married Before

If this is the second trip down the aisle for either you or your spouse, you should strongly consider getting a prenuptial agreement. A prior marriage means you are probably coming into this marriage with more property and you may have other obligations from your previous marriage, like child support. A prenuptial agreement can protect these obligations.

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Wheaton property division attorneyOne of the most difficult issues that all couples have to face when they get a divorce is determining how they will divide the marital property. Most people think that property division only pertains to assets such as the family home, vehicles, cash and other household items, but all of a couple’s property needs to be divided during a divorce -- including assets and debts that are not necessarily tangible. Property division tends to become more difficult the longer a couple has been married because couples that have been together for many years have typically accumulated more together.

Marital and Non-marital Property

Before you go to court, you must first determine which property is actually subject to division. In Illinois, all marital property is subject to division and non-marital property is not. Marital property is any property or debt that was acquired by either spouse after the marriage. All other property is considered to be non-marital property.

Factors Used in Making Determinations

If you and your spouse, along with each of your attorneys cannot come to an agreement about marital property, a judge will assign the property to each spouse as he or she sees fit. There are certain factors a judge must take into consideration before he or she assigns the property. These factors include:

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Naperville prenup lawyerIn recent years, prenuptial agreements have been on the rise. What once was only for the rich and famous is now being utilized by people from all walks of life. The idea of a prenuptial agreement used to be taboo -- it was thought you should not be planning for your divorce before you are even married. Now, it is thought to be good planning to have a prenuptial agreement. 

Young people are waiting longer to get married and are older than previous generations when they get married for the first time. This means that people are usually bringing more assets and debt into marriages and using prenuptial agreements to safeguard their finances. Prenuptial agreements are on the rise, but they may not be right for everyone. 

Here are a few situations in which you should consider getting a prenuptial agreement:

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Wheaton divorce attorneyIt is no secret that money and finances are at the heart of many marital struggles. However, a recent study indicates that student loan debt is responsible for destroying a significant number of marriages. If these debts are to blame for a rift between you and your spouse, you are not alone. Fortunately, in marriage, you have a built-in partner to help you deal with the problem.

This article discusses both the statistics of student loan and divorce, as well as how you can avoid becoming part of this statistic:

An Unaffordable Necessity

In the generations before us, college and post-graduate education was an affordable addition to primary education; although, most high school graduates were able to find a stable career right out of school. Today, even entry-level positions may require some higher learning. Unfortunately, when demand increased for knowledge so did the cost. What once was an affordable option, is now an unaffordable necessity.

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