Certainly couples in Illinois look forward to a full life together when they choose to get married. That wish, however, does not negate the wish to have appropriate control over one’s assets and future. Prenuptial agreements give future spouses the ability to have the level of control they wish while still planning a lifelong marriage. Postnuptial agreements do much the same thing except for people who have already gotten married. Both documents can identify ways of dividing marital property assets or separate non-marital property from such decision.
Most Illinois residents have either friends or family members that have gone through a divorce. They have also likely heard many stories of the hardships associated with this experience. Identifying marital property and non-marital property as part of an overall property division settlement alone can be hard. The added struggles associated with determining child custody, child support, spousal support and more only increases the potential for challenges to arise.
Property division in a divorce is rarely a simple matter. Both parties are focused on an equitable division but may have different ideas as to what that actually means. There can be personal as well as business assets involved and some are easily quantifiable while others may not be. Simply put, dividing marital property is a complex matter.