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Originally posted by DSTinguished1
Other than the couples not having to pay alimony and being able to keep their stuff after they split.
How does this work with things purchased together?
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It was my understanding that the prenup focused on how property and wealth aquired during the marriage would be split up in the event of an event. I know in Illinois, anything aquired prior to the marriage is retained anyway, so I think that the prenup is supposed to address items that are purchased together. For instance, if one party is already quite wealthy, then it myight say something like 'no matter what wealth is gained during the marriage, the other party will only get a pre-determined allowance'. It might also say that all properties aquired will be sold and the money split, or whom ever has custody of the children will remain in the house (if children are born) and the other party will pay a portion of the mortgage, etc. Like it was mentioned, they might have stipulations with regards to infidelity, etc. I kinda think of it as a team charter for marriage.