There are many rights of passage to which people in Illinois and across the country likely look forward -- getting married and having children, for example. While it is likely that going through a divorce is something for which no one intends to experience, the fact is that many couples will ultimately come to the determination that it is no longer in their best interests to remain married. Though going through the property division process and other aspects of a divorce has the potential to be contentious and lengthy, many couples are choosing mediation instead, an option that allows them to reduce conflict and potentially begin the next stage of their lives sooner.
The end of a marriage, though typically in the best interests of all parties involved, can come with some difficulties. This could be especially true when Illinois couples and others across the country are unable to agree on many elements of a settlement. For example. Rage Against the Machine musician Bradley Wilk and his estranged wife reportedly are experiencing conflict on many aspects of their divorce, including child custody, spousal support, property division and even the date of their separation.
Many people in Illinois want to plan for the future. For couples who are getting married, this often means taking measures that could potentially aid with the property division process in the event of a subsequent divorce. While there are some actions that can protect assets, certain misconceptions could ultimately leave some people vulnerable.
There is no doubt that the end of a marriage is often a difficult time -- sometimes both financially and emotionally. While some couples in Illinois are committed to making the divorce process as seamless and peaceful as possible, there are others who may attempt to hide certain assets during the property division process. As such, many people often turn to the law office of Lois Kulinsky & Associates, Ltd. for guidance.
People enter into marriage in Illinois believing that theirs will be the marriage that will last. In about 50% of marriages, that is not the case. Divorce itself can be complex and property division in particular can be very involved. Many divorces are happening between older couples who have accumulated significant assets in their retirement savings accounts.
Few people -- even those who may have created a prenuptial agreement -- are ever fully prepared for the emotional and financial ramifications of a divorce. Despite the complications that the end of a marriage can create, often people in Illinois and across the country come to the conclusion that such a path is in their best interests. As such, many turn to the law firm of Lois Kulinsky & Associates, Ltd. for help with the variety of different decisions, including those involving property division, that will ultimately lead to a new, likely happier, and more fulfilling start.
In the past, couples who were unable to have children were left with few options. However, advances in medical technology, including in vitro fertilization, have opened up doors for those in Illinois and elsewhere who desire children but struggled to conceive. Unfortunately, family courts are often forced to decide what happens to embryos should the relationship end in a divorce when one person wants to have a child and the other does not.
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.
Many people in Illinois work hard to make the businesses that they own a success. This often involves a great deal of sacrifice -- of both finances and time. If a business owner is married, his or her spouse may also have to sacrifice even if not directly involved in the business. As a result, a business is an important and sometimes complex consideration as part of the property division process if a couple decides to divorce.
Many people in Illinois considering matrimony have many things under consideration as their wedding date approaches. While it may be difficult to think of the relationship ending, creating a prenuptial agreement can often significantly ease the process should a divorce occur. This may be especially important for those who own their own business or expect a large inheritance and want to protect their interests during the property division aspect of a divorce. However, in order for a prenup to be valid, there are several considerations.