Sec. 4. Content.

183 words·~1 min read·/il/chapter-750/act-10/4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 4. Content.

(a)Parties to a premarital agreement may contract with respect to:

(1)the rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located;

(2)the right to buy, sell, use, transfer, exchange, abandon, lease, consume, expend, assign, create a security interest in, mortgage, encumber, dispose of, or otherwise manage and control property;

(3)the disposition of property upon separation, marital dissolution, death, or the occurrence or nonoccurrence of any other event;

(4)the modification or elimination of spousal support;

(5)the making of a will, trust, or other arrangement to carry out the provisions of the agreement;

(6)the ownership rights in and disposition of the death benefit from a life insurance policy;

(7)the choice of law governing the construction of the agreement; and

(8)any other matter, including their personal rights and obligations, not in violation of public policy or a statute imposing a criminal penalty.

(b)The right of a child to support may not be adversely affected by a premarital agreement.