When a couple in Illinois marries, they likely do so with excitement for the future. However, when they make the decision to divorce, some couples may also be eager to begin the next stage of their lives. Unfortunately, this could lead to some hasty decisions that do not fully consider all of the financial considerations of asset division.
When a couple in Illinois chooses to end their marriage, they likely want nothing more than to go their separate ways and begin their news lives. However, those with children will have to continue to work together to ensure that the needs of their children are met. Unfortunately, a politician in another state is now accused by his ex-wife of failing to pay child support.
Every single couple in Illinois who chooses to walk down the aisle together likely has no expectation that their marriage could ultimately end in divorce. Though all divorces have important implications, a high asset divorce in Illinois and other areas of the country could be especially complicated. For example, the recently announced impending divorce of Jeff and MacKenzie Bezos has many people questioning how assets are divided when there are a great deal of assets.
Long ago, if your marriage was in trouble, you may have confided in a close family member or friend. On the other hand, chances are, especially if children were involved, you would simply keep your problems to yourself and do your best to endure the situation, hoping things would eventually improve between you and your spouse. Nowadays, rather than stay in an unhappy marriage, many Illinois spouses are more comfortable and confident seeking divorce.
Many couples in Illinois often come to the decision that their marriage is no longer functional for all involved, including any children of the relationship. Often, a divorce is the best choice for a happier, more fulfilling life. However, the process and separating the financial lives of two people can be complicated. As such, many turn to Lois Kulinsky & Associates, Ltd. for guidance with property division.
When divorce is portrayed in movies and television, it is often a dramatic hearing in a courtroom. While such a scenario does happen in Illinois in real life, litigation can ultimately complicate the process of creating a child custody plan and settling other divorce-related issues. Fortunately, there are ways to reduce the conflict in such proceedings.