As with many things in our society, prenuptial agreements have evolved over the past few decades. More and more couples in Illinois today are entering into these marital contracts to help protect non-marital property in the event that a divorce later happens. Modern prenups, however, can do far more than simply clarify what is marital property and what is non-marital property.
If you have significant business assets, you can utilize prenups as well as postnuptial agreements to prevent these assets from becoming entangled in a messy property division settlement. You may also find that a prenuptial agreement can be a valuable estate planning aide, especially if you are entering into a remarriage where at least one spouse has children from a prior marriage. Fox News also specifies another type of protection that prenuptial agreements can offer you. A marital contract can be used to protect your reputation on social media.
Referred to as social media clauses or social media prenups, these stipulations let you identify what your partner will be and will not be allowed to post on social channels about you. This includes photos and videos as well as general commentary. Such protection can put you at ease socially but may be especially important to you professionally. If your career puts you in a spotlight, even locally, online slander can have serious financial implications for you. These clauses can guard against such situations.
The team at Lois Kulinsky and Associated, Ltd. have helped many people develop prenuptial agreements and know how to ensure such contracts are valid and complete.