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What Is Considered Nonmarital Property in Illinois

What Is Considered Nonmarital Property...

Every divorce is unique to the couple involved, but the division of marital property remains an important component of nearly every divorce. Those assets that you and your spouse acquired over the course of your marriage are generally classified as marital property, which is intended…

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Making and Breaking Prenuptial Agreements in Illinois

Making and Breaking Prenuptial Agreeme...

Once upon a time, only super-rich couples with substantial separate property bothered with premarital agreements. A web of complex laws governed these pacts. Furthermore, enforcement was uneven. Results might even vary among different judges in the same county. So, if the couple later divorced, a…

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Classifying and Dividing Marital Property in a Cook County Divorce

Classifying and Dividing Marital Prope...

Like most other jurisdictions, Illinois is an equitable division state. Marital property must be divided equitably between the spouses. That is not necessarily the same thing as equality. Assets and debts must be divided in such a way that the divorce is not an unfair…

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The Three Cs of Divorce Mediation

The Three Cs of Divorce Mediation...

Frequently, divorcing couples agree on broad issues, but they disagree on the specifics. In these situations, a professional mediator often helps bickering spouses and their attorneys find a middle ground. That is especially true if both parties are eager to avoid a court fight. Since…

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Making and Breaking Premarital Agreements in Illinois

Making and Breaking Premarital Agreeme...

Until fairly recently, only the super-wealthy bothered with prenuptial agreements in Illinois. The complex web of laws made these agreements difficult to make. In terms of enforcement, results varied significantly in different counties in the state, as well as different courtrooms in the same county.…

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