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Three Signs That You Should Create a ‘Postnup’Prenuptial agreements are known to have a certain stigma to them. When someone says the word “prenup,” you often think about wealthy, Hollywood couples who are not meant to last together or people getting married for the second time who have significant assets from their previous marriage. This stereotype is far from the truth as more and more couples are selecting to sign a prenup before saying “I do.” These legal agreements have become more normalized in the past decade as couples decide to get married later in life, with more financial assets in tow. What you may not have heard of is a postnuptial agreement. This serves the same purpose as a prenuptial agreement, but it is signed after the marriage has begun. You may think that it seems crazy to sign a “divorce agreement” before or after getting married, but there are situations where it benefits you to have a postnup:

  1. You Own a Business: One of the most uncomfortable and unfair properties to divide in a divorce is a business. For families who open a business together, the company will need to be bought out by one party or divided between both spouses. This can be a difficult division since you both built the business together. In the instance where one spouse comes into the marriage with a successful business, this division can seem unfair since the other spouse had no part in its creation. Business owners may decide to sign a postnuptial agreement to protect their business in case of a divorce. If the couple does not get divorced, both spouses will continue to reap the benefits from their business.
  2. You Have Children From Your First Marriage: Individuals who get married later in life may have already been married previously and have children. Prenups and postnups are more common with second marriages since the couples have seen how divorce can lead to a contentious legal battle without one. Those who have children from their first marriage should consider signing a postnup to designate the division of assets in the event of his or her divorce or death. You and your second spouse may or may not be considering having children, but naming what is owed to the children of your first marriage is a good idea regardless of any new children that may or may not come along the way.
  3. You Received an Inheritance: It can seem uncomfortable to onlookers for those who are married to allocate what is theirs when they are not considering divorce. However, it is not a good idea to allow this stigma to result in your spouse receiving half of a large inheritance that has been indebted to you your entire life. For those who receive an inheritance in the middle of their marriage, it may be a good idea to write up a postnuptial agreement and make it clear that they intend to protect their inheritance during a divorce. 

Call a Joliet Postnuptial Agreement Lawyer

There has been some deliberation about the validity of postnuptial agreements, especially since they are signed after the start of a marriage. Illinois recognizes them, but there are a number of factors that could invalidate your entire agreement if they are included. It is important to seek out the assistance of an experienced attorney who is well versed in Illinois family law. The Foray Firm has a team of legal professionals who are waiting to assist you and your spouse with the creation of this legal agreement. If you are considering signing a prenup or would like more information about what this legal document can do for you, contact our Homewood prenuptial agreement attorneys at 312-702-1293 for a free consultation. 

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Will County adoption attorney

Much like physically having your child, there are various tasks that must be completed before your family can grow through adoption. For those who have chosen to adopt, there is a long checklist that is required of them before even getting approval to adopt a child. All adoptions require a home study to be conducted to ensure that the applicants are fit to adopt. The interview portion of the adoption process can determine your eligibility to adopt, making it crucial to be prepared for this step. In order to help prospective parents get approval to find their future child, we have prepared a home study guide for those considering adoption.

 

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Will County adoption attorney

The “nuclear family” was traditionally seen as the ideal American family – a mother, a father, one or two children and perhaps a dog. Now, there are many types of families that exist in the U.S., each of which is just as loving as the traditional family unit. Households containing just a single parent have increased dramatically since 1960 – when only around nine percent of children were being raised by a single parent. Now, around 27 percent of American children are being raised by a single parent. For some, adoption is the way they have chosen to grow their family, even when it comes to people who are not married. Being a single parent is difficult, even when the child is your biological child. If you are a single parent who is considering adoption, here are a few questions you should ask yourself:

  1. Do You Have Family and/or Friends Who Support Your Decision?: One of your most invaluable resources as a single parent is your support system. Typically, your support system is composed of family members and/or friends who you can rely on if you need help. Being a single parent, you will most likely need help from time to time. Before you make the decision to adopt a child, consider whether or not you have people around you that you can ask for help; whether or not your friends and family are supportive of your decision to adopt as a single parent; and how your friends and family would react if you adopted a child who had special needs, was from a different country or who was a different race or ethnicity.
  2. Will You Be Able to Balance Work and a Child at Your Current Job?: As a single parent, you will be the sole provider for yourself and your child. This means that work will play a significant role in your life. Ask yourself if you are up for the challenge of not only being a single parent but also a working parent. Will you be able to devote enough time to being a parent? Is your employer family-friendly? Having a child poses issues such as occasionally needing to leave or take off from work to care for your child.
  3. Do You Have the Financial Means to Raise a Child?: Similarly, do you earn enough at your job to make ends meet with a child in the picture? You do not have to be rolling in cash to raise a child, but children can get expensive. Before you make the decision to adopt, consider all of the expenses you will be faced with if you are a single parent:
    • Educational costs
    • Medical care
    • Childcare
    • After-school care
    • Extracurricular activities

A Will County Adoption Lawyer Can Make Your Dream of Being a Parent a Reality

Adopting a child is a fulfilling and rewarding experience for those who have the means to do so. If you are thinking of adopting a child as a single parent, you should meet with a skilled and knowledgeable Joliet, IL, adoption attorney first. At The Foray Firm, we understand the Illinois adoption process and will handle the legalities of the process so you can focus on settling into life with your child. To schedule a consultation, call our office today at 312-702-1293. 

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Plainfield prenup lawyer family lawPrenuptial agreements used to be a taboo subject. In the past, it was often believed that if you got a prenup, you were expecting to get divorced. However, in this day and age, many Americans are waiting longer to get married, which means that they are entering marriage with more property and debt than those in past generations. Because of this, prenuptial agreements have become more and more common. 

A prenuptial agreement can help set guidelines for how you will go about your divorce if your marriage ever ends, and it can protect the assets you bring into the marriage and prevent you from being responsible for debts your partner may have. If you are wondering whether or not a prenuptial agreement is right for you, here are a few situations in which you may want to consider a prenup:

1. You or Your Partner Were Married Before

One reason why prenuptial agreements are becoming more common is because many people are entering second or subsequent marriages. If you or your spouse have been married before, a prenuptial agreement can address any obligations you may have from your first marriage.

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Joliet parenting plan attorney

Divorcing with children is difficult for many different reasons. In addition to typical divorce issues like property division and spousal support, couples with children also have other issues to settle, such as who the children will reside with and when, who will pay child support, and who will be able to make certain kinds of decisions about raising the children. Once you have decided that you and your spouse are getting a divorce, you must then take on the sometimes daunting task of telling your children about the upcoming change in your family’s life. Here are three tips to help you break the news to your children:

1. Tell the Entire Family All at Once

One important thing to aim for is making sure you discuss your divorce with all of your children at the same time. It is often the case that parents tell the oldest child first and then shelter the younger ones in an attempt to protect them. While this may seem wise, it is unfair to the older child to have to keep that secret, and it is sending the wrong message to the younger children that they cannot handle the situation.

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