For many Illinois residents planning to tie the knot, it can be uncomfortable to think about a potential divorce. But in a world where lots of marriages end sooner than expected, it may be a good idea for soon-to-be-spouses to have some protection in the form of a prenuptial agreement. The purpose of this type of document is to clearly determine what each party would get or agree to give up in the event that the knot is legally untied at some point.
Without a prenup, property and asset division after a divorce will be determined by the state. While some individuals may hesitate to present an intended life partner with a prenuptial agreement because it suggests a lack of trust, such a document can provide important protections for each party. It's generally advised that couples consider a prenup if one party has more assets than the other.