Category: Infographics

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 during what can be a highly stressful time. That is especially important for any couples planning to have children. The following are some other important things any person considering marriage should know about Illinois prenuptial agreements.

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. Start with an Asset/Debt Inventory

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.

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 peacefully, a long, drawn out court experience is avoided. While the final terms of the divorce are still subject to the approval of the court, the final decree typically incorporates most, if not all, of the couple's wishes.