Any engaged couple with personal assets or business assets should take the time to fully understand the benefits of Illinois prenuptial agreements. Divorce can bring about hard feelings, animosity, and spitefulness. The most basic prenuptial agreement will simply list all premarital assets that remain with each person if they divorce. By minimizing the potential points of contention and areas of possible dispute in a divorce, prenuptial agreements help maintain healthy communication and civility … [Read more...]
Protecting Your Finances & Credit During Divorce
Divorcing spouses must take steps to protect their finances and credit early on in the divorce process. The impact of not doing so can last for years after the ink on the divorce decree dries. In order to protect assets, income, and credit, the following are steps that everyone going through a divorce must take. (Article continues below Infographic) Start with an Asset/Debt Inventory It is important to know where all the money is, and how much is there. The asset inventory should … [Read more...]
Risk Factors for Divorce
No two marriages are the same, neither are the same two divorces. There are no guarantees whether a marriage will end with "'until death do us part," or "'until differences do separate us." However, there are some factors which can predispose marriages to become a divorce statistic. … [Read more...]
How to Make Your Divorce Amicable
When both spouses agree to the terms and conditions surrounding child custody (now referred to as the allocation of parental responsibilities in Illinois), parenting time, the division of property, child support and spousal maintenance in the dissolution of a marriage it is referred to as an amicable divorce. An amicable divorce is almost always uncontested, and since the individuals who are involved in this type of divorce are able to negotiate the terms of their divorce settlement … [Read more...]
Single Fathers, Single Mothers, and Child Custody Statistics
Determining Custody In just over 51% of custody decisions, both parents agree that the mother should become the custodial parent. In roughly 29% of custody decisions, this is made without any assistance from the court or from a mediator. 11% are determined with the assistance of a mediator, and 5% are determined following a custody evaluation. By comparison, only 4% of custody cases require going to trial before primary custody is decided. Overall, 91% of custody decisions do not … [Read more...]