Gender-equal marriages are becoming more common in Illinois and other states, but this isn't always the norm. In some situations, couples begin married life together in traditional roles that change over time. And this is when there's the potential for issues that may lead to divorce, at least according to a Swedish study.
Basketball fans in Illinois and elsewhere may remember Kevin Garnett from his days as an NBA superstar. However, he is now in the news because of legal issues between himself and his wife. She claims that she signed a prenuptial agreement under duress and wants it to be declared invalid. Kevin Garnett has requested a trial to determine its validity before negotiating new asset division or spousal maintenance agreements.
In Illinois, divorcing couples may have issues about who should get the family home. The home is commonly the largest asset that a couple has, and there may be emotional attachments to it. People who have children might also decide that they want one of the spouses to keep the home.
When people in Illinois decide to divorce, they often know that there are serious financial consequences and changes to come. Of course, the end of a marriage comes with numerous emotional and practical challenges, but the financial effects can linger on for years after the other matters have been resolved. This can certainly be true for families in which one spouse is a stay-at-home parent. Illinois is an equitable distribution state, which means that property is divided in order to produce a fair outcome rather than directly in half.
There is a lot to deal with during a divorce. You likely are experiencing emotions like sadness, anger and maybe even some relief. When you have children, you are also trying to manage all your children's feelings. You want to protect your children of course, but there are only some many things you can protect them from in a divorce. No matter what, your children will no longer have two parents that live together.On top of that, you are also dividing all your shared property which may include a house, vehicles, savings accounts and retirement funds. If your children are younger, you may not have even thought about who will pay for the children's college tuition. However, before you finalize your divorce agreement, you may want to include an agreement regarding college expenses. Here is what you need to know about Illinois law regarding this issue.