For people with substantial personal assets or children from previous relationships, it can be important to protect those assets, and their distribution to intended future beneficiaries, before entering into a marriage. For most people, a well-drafted, enforceable prenuptial agreement is the best legal option. However, for a variety of reasons, some prospective spouses simply won't agree to sign one. What then?
Divorce can be extremely difficult. The good news is that there are ways to make your "marriage detox" much easier. Some common divorce issues can hold you back; however, if you recognize and address the matters, you will be on a much easier path to your new future.
Deciding to get a divorce is typically never a split-second decision. Rather, it is quite normal for the husband or wife -- or in some cases even both spouses -- to think about asking for a divorce for some time before the question is finally popped. During this time of contemplating divorce, before actually asking, it is normal for some to wonder what the right decision to make is and if divorce is what he or she truly wants.
Many people meet, fall in love and get married. Somewhere along the line, according to the U.S. Census Bureau, many also decide to go into business together. In fact, in 2007 it was estimated that roughly 3.7 million businesses in the country are owned by a husband and wife. So just what happens when the husband and wife decide to get a divorce? What happens to the business?
When we think of divorce, many of us think of the back-and-forth arguing, the fighting in court over every piece of property, and the ongoing battles over who should have primary custody and how decisions regarding the children should be made. And while this is certainly a reality for many couples, it's important to remember it is not the only way to handle a divorce and that it is possible to have a peaceful dissolution.
Divorce can be an emotionally grueling time for both husband and wife. Often, these emotions can end up playing a role not only in a person's day-to-day life, but also in their decisions -- especially when it comes to finances.
Let's say you have filed for divorce in Illinois. You know you want to protect your rights as a father and you'd like to have a rough estimate of just what you'll be paying in child support -- and possibly alimony -- if it's applicable in your situation.