Leaving an inheritance to an heir is an act of love and respect. An inheritance might include valuable assets or family heirlooms, both of which are meant to stay within the family. When an heir receives a size-able financial sum as his or her inheritance, it may be based off one or more generations of hard work and dedication. Protecting that inheritance during a divorce should be simple enough. However, there can be certain complicating factors during asset division.
Assert your fathers' rights in all child custody matters
Being a father is more than just something you do in between your other obligations -- it is the most important role you will ever play in life. But now that you are getting a divorce, you might not be sure how fatherhood will look going forward. Many dads in Illinois worry that they will only see their kids occasionally. Your situation does not have to be like this, so it may help to familiarize yourself with fathers' rights regarding child custody.
Factors that affect spousal maintenance in Illinois
There are many uncertainties when filing for divorce. A person cannot be certain of the outcome regarding things like property division, child custody and more. This is also true of spousal maintenance. Although many Illinois residents believe that spousal maintenance is a given, this is not always the case. A judge will take many different factors into account before deciding whether maintenance is appropriate.
Will the court approve your child custody modification request?
Your employer is offering you a great new position, but you and your 10-year-old daughter would have to move to Chicago.
How asset division is addressed in Illinois state law
Even if it may not seem like it, married couples tend to put a significant amount of time, effort and money into purchasing or investing in property. Although this term might sound particularly specific it is actually applied rather broadly. Unless there is a prenuptial agreement stating otherwise, almost all property acquired during a marriage is considered marital property. As such, asset division can be particularly complicated depending on the length of marriage or how much property a couple acquired during that period of time.
Don't let investments slide during a high asset divorce
Money is a common point of contention during marriage, but it can be even more so during divorce. Individuals may feel as if they are hyperfocused on securing their future financial situations, but in doing so often overlook the need for financial focus in the present. Paying close attention to investments during a high asset divorce should be a priority.
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