Is a Prenuptial Agreement Right for You?

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.