Premarital and Prenuptial Agreements

A premarital agreement, also known as a prenuptial agreement, allows for an efficient distribution of assets belonging to the parties and to the marriage. A premarital agreement typically only takes effect in the unfortunate event of divorce or death.

It is helpful to think of premarital agreements like health insurance. Just as buying health insurance does not indicate that a person expects to become ill, entering into a prenuptial agreement does not indicate that a person expects his or her marriage to fail. Like health insurance, a prenuptial agreement signifies that, should an unfortunate event occur, the parties are prepared and have planned to protect themselves from further harm.

Division of property is often the most expensive part of any divorce. A premarital agreement allows parties to decide ahead of time how their assets (whether acquired before or during the marriage) will be distributed and will protect the parties’ much needed resources as they transition into separate homes. A premarital agreement is not only for affluent individuals; it’s a valuable device for anyone who would rather spend a little money now as a preventive measure to potentially save thousands of dollars in future attorneys’ fees.

Under Illinois Law, a premarital agreement requires full disclosure of each party’s property and financial obligations. The mandatory disclosure allows each party to make an informed decision regarding the property rights he or she is relinquishing in the event of divorce. Additionally, the courts will not enforce a prenuptial agreement without carefully scrutinizing the terms and taking into consideration events that could not have been foreseen at the time the parties entered into the agreement.

– Jim O., Western Springs (from Yelp)

– Chris W., Chicago (from Yelp)

– Rebecca M., Chicago (from Yelp)

– Eric S., Albuquerque (from Yelp)

More Testimonials >

I am a happy client and recommend Lyn without hesitation. She is knowledgeable, pragmatic and is adept at working with other attorneys in a positive manner.

The efforts of this team were incredible and in touch with my sensitivity. After the first phone call I felt assured that I would be given the utmost attention and it was delivered!

The attorneys kept me up to date on the status of the issue and were always available to take my call. They were kind, professional and responsive.

I'm no fan of the lawyer class, but the Conniff folks definitely know their stuff. I can't imagine it getting any better than this. Two thumbs up!