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Getting divorced means dividing your assets so that each partner can walk away from the marriage and get a fresh start on life. In Illinois, assets are divided equitably, not equally. This means that the courts will divide the assets based on what they feel is fair to both partners based on their financial situation and contributions to the marriage.
Modifications to an existing decree are possible if there have been substantial changes in circumstances. These changes can include job loss, significant financial loss or gain and medical issues. A modification must be made to an existing divorce degree to change the amount of spousal support.
Parents have the legal obligation to provide financial support for their children until they reach the age of majority. In Illinois, that age is typically 18. When a child is disabled, however, one or both parents may be required to continue financial support under certain circumstances.
A new study has found that, while the divorce rate remains historically high, it has steadily declined over the past two decades. The now famous “half of all marriages end in divorce,” remains technically true but it does not paint an accurate picture. In absolute numbers, between 4 and 5 million marriages occur every year and about 1.5 to 2 million ends in divorce. Technically, that is 50 percent but the Pew Research Center found that not all marriages divorce in equal rates.