Couples in Illinois who are contemplating filing for divorce understand that it is important to know certain facts about the division of marital property. Marital property generally refers to any asset or property purchased or acquired during the course of the marriage.
One of our previous posts talked about marriage statistics in the United States and the rising rates of separations and annulments across the country, including Illinois. The post also discussed the issues affecting the more than half of U.S. marriages that end in divorce.
Illinois law usually provides a divorced spouse a sum of money, most often paid monthly and usually identified as alimony, maintenance or spousal support. Typically, alimony is paid after a separation or a divorce and continues to be paid until the receiving spouse remarries or until the death of either spouse.
There is always a financial aspect to a divorce. A divorce is usually followed by alimony, property division, child custody and visitation rights, and a couple needs to deal with those issues sensitively in order to maintain a healthy relationship for the sake of their children.
Illinoisans, in general, and Lake County residents, specifically, are aware that not all Hollywood marriages are short-lived. There are times when a couple decides to end their marriage after living together for a long time. That was the case with a celebrity divorce.
Lake County, Illinois, couples will probably agree that divorce does not have to be bitter and contentious. The passage of time may abate bitterness and divorced couples may begin to respect one another. At least, that is the ideal outcome of the situation.
Lake County, Illinois, spouses who think the threat of incarceration for a year will stop their cheating spouses might need to rethink it. While Illinois is one of 21 states with a law identifying adultery as a Class A misdemeanor, records show the law has not been enforced in nearly 71 years. Since Illinois law enforcement has ignored the law for years, the closest legal experience an adulterous partner may have is facing a righteous partner in a Lake County court room, when seeking a divorce to end the marriage.
When a spouse decides to file for divorce, there is one thing that is sure to follow: advice. The helpful suggestions, words of wisdom, recommendations and cautious warnings from family and friends seem inescapable, so why does anyone hire a Lake County attorney to do exactly the same thing?
A property settlement is an essential part of any Illinois divorce agreement. The assets and liabilities of a couple are divided in an equitable fashion, to best compensate both parties from the marriage. And equitable does not mean even, but it should be fair. For instance, if one spouse stayed home, because the other had a high-income from their career, the stay-at-home spouse may be entitled to alimony to make up for giving up a career.
Alimony, or as it is known now in Illinois, maintenance, used to be almost wholly an item that men paid and women received. As more women move in to jobs that allow them to exceed the earnings of their husbands, when it comes time to divorce, as nearly half of American marriages do, some of those women are suddenly finding themselves on the side of those obligated to pay alimony.