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Property Division Archives

How a prenup or postnup could help you and your spouse

26742284_S.jpgHave you ever thought about a prenuptial agreement or postnuptial agreement for your upcoming marriage or ongoing marriage? These contracts have a reputation, and that often leads to many couples ignoring their potential benefits. But times have changed, and the idea that these contracts lead to more in-fighting and are "against love" simply aren't true. People realize their utility now.

An affair won't get you in trouble at work, unless you're a judge

While an affair by a married person can tear his or her family apart once the person’s spouse finds out about it, there are few legal consequences for infidelity in 21st Century Illinois. For the vast majority of people, the only time cheating on their spouse might directly cost them is in a child custody dispute, when the other spouse might use the affair as evidence that the cheating spouse is not a fit parent.

Is crowdfunding your divorce necessary?

36086326_S (1).jpgThese days, if you have a favorite cause or promising business idea, instead of trying to get a charitable grant or a loan from the bank, you turn to crowdfunding. Websites like Kickstarter let you solicit donations from the public, often in exchange for gifts, until you reach a predetermined goal.

5 steps to ensuring your financial future after divorce

21163021_S.jpgPeople in Illinois who get divorced relatively young may not have that much in marital property to split up, but they are less likely to be established in their career. Meanwhile, people who divorce in their 40s, 50s or older may be better able to support themselves financially, but stand to lose a lot more in bank accounts, retirement accounts and real estate in the split.

Reality star reportedly afraid to divorce her husband

35443086_S.jpgPeople who stay married despite being unhappy do so for a variety of reasons. They may believe they cannot afford to get divorced and live on their own. Many parents stay together "for the kids," on the assumption that the children would be devastated if their parents ever split up. Sadly, many people are victims of domestic violence and are afraid to leave.

Small mistakes in a divorce settlement can have huge consequences

10162632_S.jpgReaching a divorce settlement can be a very complicated process. It can require compromise, negotiation, patience and a commitment to finding a solution that is in your best interests. On top of all the emotional and financial changes you are already adjusting to, the actual logistics of getting divorced can prove to be quite overwhelming.

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