Amazon founder, Jeff Bezos, announced last week that he and his wife are divorcing after 25 years of marriage. According to new reports, the couple did not have a prenuptial (before marriage) agreement in place, which likely means the division of their $137 billion fortune will be unnecessarily complicated and expensive.
Prenuptial agreements are not just for the wealthy or celebrities. Most couples contemplating marriage should work together to plan and inventory premarital assets to promote both emotional and financial harmony. The attorneys at Kelleher & Buckley, LLC can help establish proper expectations to avoid surprises and promote long-term peace.
Roughly 30% of first marriages and 50% of all marriages end in divorce. Without a prenuptial agreement, couples run a great risk of leaving the fate of their assets in the hands of the family law courts; a financially and emotionally painful process for many people.
Prenuptial agreements give couples more control over their future and provide the opportunity to privately streamline many important marital and financial issues well before any possible emotional turmoil. Peacefully and logically addressing marital issues can save significant amounts of time, emotional hardship and fees.
If you are already married, good news: it is not too late to plan. Illinois law recognizes postnuptial (during marriage) agreements which can accomplish the same objectives.
Both premarital and postmarital planning can offer financial protection and create a solid marital foundation. Kelleher & Buckley, LLC can provide the assistance you need to follow proper procedures when discussing asset division. Please call Andrew Kelleher or David Buckley at 847-382-9130 or email us at firstname.lastname@example.org.