This is obviously a very personal decision and one that has
no absolute right or wrong answer.
Here
are some of the pros of why a prenuptial agreement may be right for you as a
couple:
- Documenting each spouse's separate property to protect it
in that manner.
- Avoiding court involvement to decide property
distribution.
- Distinguishing between what is marital and what is
community property.
- Documenting any special arrangements between you and your
spouse.
- Reducing conflicts during a divorce.
- Establishing procedures and rules for issues that may
arise in the future, and
- Assigning debt, such as credit cards, school loans, and
mortgages, to the appropriate spouse to avoid both parties sharing debt
liability.
Some of the cons may be:
- The timing may not be right.
- It takes some of the romance out of the union.
- You may wait until after you are already married if you
are willing to take that chance.
- A prenup cannot include child custody issues.
Your friends at Ruggiero and Associates will be there to
help you with any family law issues that you encounter. They serve Chicagoland in Kane, Cook, DuPage,
and Will counties from their office in Lisle.
Give them a call at (630) 654-0044 or visit them on the web at
www.ruggierofamilylaw.com.