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Your retirement savings may represent years of hard work, but what happens to those funds when your marriage ends? In Illinois, retirement accounts and pensions earned during the marriage are generally presumed marital property under

A prenuptial agreement can do more than address what happens if a marriage ends. In Illinois, it can also determine whether a surviving spouse keeps or gives up certain inheritance and estate rights, including the

A prenuptial agreement does not have to remain unchanged after the wedding. Under 750 ILCS 10/6, spouses may amend or revoke a premarital agreement after marriage, but the change must be in writing and signed

Retirement accounts can be among the most valuable assets covered by an Illinois prenup, but they do not all follow the same rules. Under 750 ILCS 10/4(a)(1), couples can use a prenuptial agreement to address

A sunset clause determines when all or part of a prenuptial agreement expires after a certain number of years of marriage, on a fixed date, or when a specific event happens. A full sunset clause

No, Illinois law does not require a prenuptial agreement before a second marriage. But for many remarrying couples, preparing a prenup is highly recommended because your finances become more complicated the second time around. You

A well-built Illinois prenup should document fair and reasonable financial disclosure from both partners, clearly state how property and assets will be treated, allocate premarital and future debt, and, if the couple chooses, set or

Illinois law allows premarital agreements to address property rights, financial arrangements, and certain personal rights and obligations that comply with public policy and applicable law. However, Illinois appellate courts have not clearly established that a

Under the Illinois Uniform Premarital Agreement Act (750 ILCS 10/7), a prenuptial agreement is generally enforceable if it is in writing, signed by both parties, and executed voluntarily. A court may refuse to enforce a

Illinois courts do not decide voluntariness based on a signature alone. Under the Illinois Uniform Premarital Agreement Act (IUPAA), 750 ILCS 10/7, a prenuptial agreement is unenforceable if the contesting spouse proves it was not

Illinois follows equitable distribution, which means the court divides marital property fairly rather than automatically in half. In a Chicago divorce involving several homes or investment properties, each asset can have a different ownership history,

High net worth divorce in Chicago involves far more than dividing bank accounts and deciding who keeps the house. A marital estate may include business interests, investment portfolios, real estate holdings, and deferred compensation. Illinois