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Divorce Archives

How a prenup can help during a marriage and divorce - Part I

A previous post here discussed several of the benefits that a couple could enjoy and some preventive measures associated with creating a prenuptial agreement, or "prenup." Prenuptial agreements are honored by the courts and could be used to help resolve divorce issues.

How a prenup can help during a marriage and divorce, part 1

Throughout the United States, more people considering marriage create prenuptial agreements ("prenups"). While many believe that prenups are only for celebrities and the, it is important to understand that are helpful to everyone, including those living in Waukegan, Illinois, and Lake County.

Making sound divorce financial decisions

Money is often one factor that leads to divorce, and many in Waukegan going through a divorce find that these fights continue throughout the process. After all, even those striving for an amicable divorce may find that emotions get in the way of making sound financial decisions. Therefore, it is important that individuals protect their interests.

A 'gray' divorce presents unique complexities

Divorce was once seen as taboo, especially for those who had been married a long time. However, these days divorce is much more socially acceptable and even couples who had been married for decades may decide that, as life went on, they became incompatible and it is best they go their separate ways. In fact, the Pew Research Center reports that "gray divorces" -- that is, divorces of people age 50 or over -- have grown twofold over the previous 25 years. However, as some Waukegan couples may find, the longer a couple is married, the more complex their divorce might be.

It is important for divorcing spouses to understand alimony

Alimony, also referred to as spousal support, is often a paramount concern in many divorces. Divorcing couples are able to reach an agreement concerning alimony themselves but if they are unable to do so, the family law court can determine how spousal support will be awarded. The court seeks to reach a fair and equitable settlement and will evaluate certain considerations to determine alimony.

Key points to remember at the end of a marriage in Illinois

Getting a divorce in Illinois can be a difficult matter to deal with, but this is made worse if the participants do not take certain steps before moving forward with the end of the marriage. Prior to getting a divorce, there are unavoidable emotions that will come to the forefront, but that should not hinder the spouses from ensuring that their financial future has been considered and is accounted for. Doing so can assist with the process and make an unavoidably difficult time easier.

Dealing with the end of a marriage when the couple has a business

Illinois couples who are coming to the end of a marriage will have a great deal to consider on a personal basis before even thinking about how a family business might be affected. But, this situation does arise quite frequently. There are numerous factors that go into the building of a business. When a couple that was involved in a business chooses to divorce, a dispute can be unavoidable. The value of the business, problems separating the finances involved, and perhaps selling the business are all issues that may come up. Having an idea of how to navigate this situation is key.

Illinois Supreme Court rejects appeal in high asset divorce

Any divorce in Illinois will have a number of issues that have to be settled, but this is particularly common when there is a substantial amount of money at stake. With a high asset divorce, the dispute can be ongoing and contentious. Certain disagreements with property division are inevitable at the end of a marriage, but during a high asset divorce, these can spiral into a long and seemingly endless battle. This is particularly true when one spouse receives an unexpected windfall.

Number of couples getting a divorce tends to rise in the New Year

People in Illinois who are in the midst of a troubled marriage and are considering divorce might feel isolated and not realize that there are many people who are experiencing the same issues. During January, in particular, there tends to be a rise in the number of people who decide to divorce. The filings increase by approximately one-third at the start of the year.

Protecting electronic information at the end of a marriage

When Illinois couples are at the end of a marriage, there are an array of divorce legal issues that they must take into consideration. One that is often overlooked is how electronic data will be handled and protected as the case moves forward. While many cases will not have scandalous material that is part of the divorce, there might be lower-level concerns about social media, emails, text messages and more. These can exacerbate a dispute and can be used as evidence in a particularly contentious divorce. Having an understanding of ways to mitigate this is important before and during the case.

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