Married Illinois couples who decide to split will likely have to resolve disputes regarding a range of issues, including child support and alimony. They may also find themselves having to address what should happen with the family home, which could be one of the most valuable assets they possess. In many situations, one spouse will take control of the home. However, it is important that both parties understand their options before a decision is made.
For many divorcing couples in Illinois, selling their house is a major milestone during the divorce process. Selling the house means that they can start to take steps to prepare for their life after divorce, such as purchasing a new home. Some of the proceeds from the divorce may be used to cover debts or allow either party to care for other financial obligations.
People in Illinois, like the rest of the country, are experiencing a worrying trend in marital relations. Though the divorce rate among the rest of the population is decreasing slightly, divorces among older couples are on the rise over the past 15 years or so. Divorce for people over the age of 50 has come to be known as grey divorce.
The good news for couples in Illinois is that divorce rates are on the decline. Still, there are times when legally wed individuals decide that it's better to end a marriage. A group of researchers recently collaborated to poll individuals who had previously participated in a prevention and relationship enhancement program before marrying. The study focused on the participants who ended up divorcing in order to determine the factors involved with their splits.
In Illinois and throughout the country, more courts are recognizing that fathers should play a role in their children's lives. However, it's still fairly common for mothers to win custody of a child after a divorce. Those who wish to have custody of their kids should be reasonable when creating a parenting plan. The plan should address any time or financial limitations that could make it harder to provide for a child.
When an Illinois couple decides to divorce, they may need to consider how to divide real estate, especially the family home. While assets like investment accounts or retirement funds can be divided more neatly, a home cannot be split in two. In many cases, divorcing couples still have a mortgage on the family home, and it is often one of the largest single assets involved in the property division process. In addition, it's possible that one or both partners have an emotional tie to the home, especially if children are involved and have grown up in the house.
During a divorce, retirement accounts are split according to the provisions of state law. Illinois is an equitable division state, which means that dividing property is based on principles of fairness rather than 50/50 splits.
Illinois couples who decide to live together before getting married have a higher chance of getting a divorce. This is according to a recent study that used data from 1970 to 2015 regarding U.S. women who were no older than 44 and in their first marriages.
You didn't plan to end up divorced when you got married, so you never even thought of executing a prenuptial agreement. Now, you're staring a potential divorce down and feeling incredibly nervous about the possible outcome. There's all kinds of misinformation out there. Will your spouse get everything, while you walk away from your marriage a pauper? It seems like the internet is full of stories about people who lost everything in their divorce.
We use social media every day. We post pictures of our children to Facebook, talk about our frustrations or triumphs with friends and share our everyday activities through tweets. Most people do not realize the consequences these posts might have on serious matters, such as a divorce. Emails, texts and any online posts can be used as evidence in court, which could affect the outcome of your divorce.