Whether taking out an auto loan, applying for a mortgage or purchasing something with a credit card, it often seems as if debt is an unavoidable part of life. But what happens to that debt during a divorce? This is an issue that many Illinois couples will have to address during asset division.
Fathers' rights for unmarried dads
Societal expectations for unmarried dads in Illinois are sadly not very high, which may influence how successful they are at securing time with their children. But regardless of marital status, men who were never married to their children's mothers can still seek visitation and even child custody. However, this means that they must be vigilant in asserting their fathers' rights.
Prenuptial agreements preserve property interests
Protecting one's personal interest is important throughout every stage of life. However, this is often overlooked when heading into marriage. While it is admirable that many couples feel strong and secure in their relationships when saying "I do," it does not erase the fact that many divorcees started out in happy marriages. This is why Illinois couples may benefit by considering how prenuptial agreements can protect their property interests.
Understanding the division of retirement assets in a divorce
During the property division phase of a divorce, some people draw a blank when the subject of dividing retirement accounts takes center stage.
Mothers still favored for child custody of young children
During divorce, parents must think of both their own needs as well as those of their children. Each family will have their own unique needs, but there is usually one common thread that generally weaves through everything -- that children have two loving, involved parents. Child custody agreements might more readily meet this need for older children, but many courts in Illinois overlook just how important it is for younger children.
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