It has become a common trope in movies and music to portray a wealthy person getting married and subsequently divorced, losing half of his—usually the subject is a man—property to his ex-spouse, regardless of the fact that he owned most of the same assets at the time of the marriage. While such a cliché situation is technically possible under the law in some states, the reality in Illinois is generally much different.
Fair Does Not Always Mean Equal
Property division following a divorce in Illinois can be rather complicated, as the law requires marital assets to be divided according to what is equitable and just. While this could result in a clean 50/50 split, there is no guarantee. Rather the specific circumstances of the marriage, divorce, and expected post-divorce realities must be taken into account to determine the appropriate allocation of assets.
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As a divorced or single parent, you understand how challenging it can be to provide all the things your child needs to thrive. In an ideal situation, your child’s other parent would also be committed to helping, both financially and as an active participant in the child’s life. But what happens when you want to pursue opportunities that would force you to
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If you were asked to picture a divorce proceeding, would you think about a courtroom with a husband on one side, a wife on the other, and a judge in the middle to officiate the battle? While the image in your head may not be quite so stereotypical, it is likely that your concept—like that of most people—is something similar. What you may not realize, though, is that the vast majority of civil cases, including divorce, are not decided in the courtroom; instead, they are negotiated in other ways and a judge is only required to approve the settlement and enter it as part the judgment. 