Although people in Illinois decide to get divorced all times of the year, August appears to be the most popular month for dissolving a marriage. The next most popular month for divorce filings is March. These two months are considered peak months for ending a marriage for multiple reasons.
An Illinois divorce is usually a stressful process full of emotional and the financial struggles. Financial battles in particular can occur over valuable assets. A couple of tips might help people to protect their financial interests during divorce.
Two young people who have very little in assets before they get married usually do not have much to lose by putting their assets together. However, the situation may be much more complicated for two people in Illinois who are getting married later in life. In this case, a prenuptial agreement may be helpful, as it can protect one's assets in the event of a divorce in the future.
Divorce in Illinois can naturally lead to heartache, but it can also be painful financially. This is especially true for a couple with high-value assets. A couple of tips may help people to protect their financial resources during the process of divorce in Illinois.
Divorce can put financial pressure on a person in Illinois in addition to taking the individual on an emotional rollercoaster. This can easily happen no matter how long the person has been married or how many assets have to be divided during the divorce. A couple of tips may help people to safeguard their pocketbooks during and after divorce.
The divorce process often leaves two parties wounded in Illinois. This is because divorce can be emotionally challenging as well as financially damaging. A few tips may help people to navigate the divorce process.
In Illinois, marital property is divided in an equitable manner in divorce. However, the term equitable does not mean equal. Property may be divided in a wide range of ratios during divorce -- for example, 50-50 or even 60-40 -- depending on the circumstances surrounding a person's case.
Ending a marriage in Illinois can seem scary, especially for those who have been married for long periods of time. However, getting a divorce is a wise move for those who simply cannot make their marriage work. Divorce is especially important in a couple of situations.
Tax season can be a complicated time for anyone in Illinois, but it may be especially challenging for those who are going through the process of divorce. The wrong decision during a divorce proceeding can have negative tax implications down the road. Some tips might help people to make smart decisions that will benefit them tax-wise in the years to come.
Divorce is often a stressful process because of both the financial and emotional components of this type of family law proceeding. Unfortunately, the divorce process has the potential to cause a person to go bankrupt. A few tips may help people in Illinois protect themselves financially in divorce.