Talking about a prenuptial agreement isn’t the most romantic part of planning a life as a couple with your significant other. However, a prenup is more than just a plan for divorce. It’s about transparency, protecting each other and having the hard conversations...
Divorce
Are businesses separate property when owners divorce?
Dividing property is frequently one of the most pressing aspects of a divorce. Spouses have to split up their shared resources and joint financial obligations. That process can often result in intense conflict, as spouses may disagree with one another about what is...
How can divorce affect your credit report and history?
Many people who are going through a divorce often think about what the property division process will be like. If you’re going through this, you may become focused on what assets you get to keep and what debts you’ll have to pay. But, there’s a potential long-term...
Right of first refusal could mean more parent-child time
In child custody arrangements, the right of first refusal is a provision that provides one parent with the chance to take care of their child before the other parent uses outside childcare. The requirement for this to occur is usually included in the parenting plan...
Co-parents, it is time to plan for the summer
As summer quickly approaches, now is the time for co-parents to begin planning for the months ahead. Summer break can mean a welcome change of pace for children, but it also presents unique challenges for parents navigating shared custody or parenting time...
Most people do not have an estate plan
An estate plan can do many things to help people at various stages of life. Young parents can choose guardians for their children. Elderly individuals can make decisions about medical care. People of all ages can decide how their assets will be passed on to the next...
3 times engaged adults may benefit from prenuptial agreements
People preparing for marriage generally need to be proactive about protecting themselves. For example, they may want to attend premarital counseling with their minister or pastor. Doing so helps ensure that the couple shares values and expectations for the marriage....
Is legal separation an option in Illinois?
Legal separation is an option for couples in Illinois who no longer wish to live together but are not ready or willing to divorce. Unlike divorce, legal separation allows spouses to remain legally married while benefiting from formalized agreements concerning matters...
Tips for communicating with your soon-to-be ex-spouse
While you may not necessarily need to talk to your spouse during divorce, communicating can smoothen your process. You need to communicate effectively to avoid conflicts that may further complicate the process. Below are two tips for communicating with your spouse...
3 reasons young couples have a high divorce rate
Studies find that younger couples have a significantly higher divorce rate, so waiting a little can be beneficial. Between the ages of 18 and 32, the likelihood of divorce steadily decreases as the age of marriage increases, until, at 32 the divorce rate starts to...