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August 2017 Archives

New child support law may effect Illinois families

Illinois couples who are contemplating divorce must take many factors into consideration. Cases with children involved are often more complex than those without due to elements such as determining custody and child support. However, a recent change in child support law intends to make the calculation of payments easier and more fair to the non-custodial parent.

Property division may be easier with a prenuptial agreement

Several years ago, the idea of signing a prenuptial agreement may have been seen as unromantic and viewed as a lack of trust between partners. However, many couples in Illinois and around the country are now choosing to have these agreements created. Couples, particularly those in the millennial generation, are finding that there could be many reasons to secure their individual finances to make property division easier in the event of a divorce.

Finances and divorce: It's not just about the money, honey

When you think about marital strife, a variety of issues may come to mind:  romance (or lack thereof), sex and infidelity, in-laws, how to raise the children. Surprisingly - or perhaps not - the number one issue that most couples fight about - and the one that most often is a good indication of an eventual divorce - is finances.

How to get an annulment in Illinois

Most people in Illinois probably have a good understanding of what a divorce entails. However, in some cases, a marriage may not be considered valid. Ending this type of relationship is done legally through an annulment. In Illinois, the ability to seek an annulment is dependent upon specific circumstances outlined under the law. According to Illinois General Assembly, there are four strict standards of which at least one must be true of the union. These standards include the following:

Protecting a business in a high asset divorce

Unfortunately, not all Illinois marriages are the happy unions most couples envision for themselves, and many choose to end their marriages. In addition to the emotional toll a divorce can have on a person, they may face financial burdens as well. This can be particularly true in the case of a high asset divorce. Luckily, there may be steps individuals can take to help protect important assets, such as a business.

Illinois couples divorcing may need to consider child support

When a divorce is imminent for an Illinois couple, they may be unsure of how to proceed. In many cases, the best option is for each spouse to consult separate experienced divorce attorneys. This is particularly true for more complicated divorces where couples have children and the parents must consider their child support options. 

A prenuptial agreement could aid in future property division

Illinois couples looking to get married are likely focused on planning wedding details, such as vows, menus and venues. However, doing some financial planning before the big day could be beneficial as well. Creating a prenuptial agreement before a marriage takes place could save couples from future struggles with property division should a divorce ever occur.

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