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.