Go Our Firm Our Team Our Clients Practice Areas News and Insights Contact Us Nov 18, 2021 Why a Postnuptial Agreement Is Crucial for Any Marriage While movies and TV shows have made “prenuptial agreements” a household term, many people don’t know that you can create a nearly identical agreement after you’ve said your vows. A postnuptial agreement is a similar contract that breaks down who gets what in the case of a divorce; its only difference from a prenup is the time at which you create it. Here’s why a postnuptial agreement is crucial for any marriage. Promotes Honest Communication It’s hard to talk about financial issues. They can make you feel embarrassed, but there’s no cause for shame. Honesty and communication are the keys to a happy marriage, so starting with a postnuptial agreement ensures cooperation and discussion from the start. Broaching sensitive topics is tricky, but a postnuptial agreement gives you a reason to open up. Encourages Thoughtful Spending One of the biggest potential conflicts in a marriage is a difference in financial philosophies. If one spouse stays frugal while the other splurges, a frank and uncomfortable conversation is all but guaranteed. A postnuptial agreement requires spouses to talk about money before any of these issues come up, which can help couples spot areas of conflict before they get out of control. Creates Protections for Illness or Death While a postnuptial agreement could discuss nothing more than what happens in the event of a divorce, you can also use the contract to lay out plans in the case of serious illness or death. These protections can make a challenging time a little easier to navigate with updated wills, estate planning, and life insurance. Uncomplicates Debt Issues Spouses entering a marriage with debts hanging over them can lead to unnecessary stresses. Getting a postnuptial agreement in Illinois will help determine who is responsible for paying off the debts and clarify any other factors before problems arise. Now that you understand why a postnuptial agreement is crucial for any marriage, talk with your spouse about clearing the air of financial worries. News and Insights Nov 7, 2021 Understanding Why Child Support Is So Important Child support is a complicated topic, but it’s essential to understand why it’s so important. Read on to f… Read More /news/detail Nov 15, 2021 Anita Ventrelli And Jay Dahlin Present On Q&A Panel At DePaul College Of Law Schiller DuCanto & Fleck partners Anita Ventrelli and Jay Dahlin recently donated their mentoring skills to particip… Read More Sep 16, 2021 SDF Celebrates Its 40th Anniversary As Schiller DuCanto & Fleck celebrates its 40th anniversary this year, we reflect on our past and how we have grown … Watch Video See All Looking for a firm that knows Family Law, inside and out? We're ready to listen. Request a Meeting Stay Up To Date With Us News Signup Online Billpay Chicago Office 321 N. Clark Street Suite 1200 Chicago, IL 60654 312.641.5560 Lake Forest Office One Conway Park, 100 N. Field Dr Suite 160 Lake Forest, IL 60045 847.615.8300 Wheaton Office 310 South County Farm Road Suite 300 Wheaton, IL 60187 630.665.5800 Facebook Twitter LinkedIn YouTube Instagram © 2021 Schiller, DuCanto & Fleck LLP. All Rights Reserved. Website by GCI.TermsPrivacy We use cookies on this site to provide a better experience with content, analytics, and to help improve security on our site. For more information about how we use cookies, or how to change your cookie settings, see our Cookies/Privacy Policy. To accept cookies and close this box, click I agree.