When Illinois couples go into business together, it is recommended that they should discuss buyout clauses in the event that they get divorced. While this can be an uncomfortable discussion as it can insinuate that one or both individuals are anticipating a divorce down the line, it can also help ensure that the business will survive even if the marriage does not.
Federal law punishes deadbeat parents who move
After child support orders are issued in some Illinois cases, the parents who are ordered to pay child support try to do everything that they can to avoid their obligations. Some parents try to evade their child support orders by moving out of state. When they do, they may be punished under federal law.
Divorce rates high among older couples
Older adults in Illinois and throughout the country may be twice as likely to divorce as the same age group was in 1990 while the divorce rate among married couples is going down. Experts attribute these trends to a number of different factors including overall marital instability among the baby boomer generation and a later age at marriage for younger people. For people at or over the age of 65, the divorce rate tripled compared to 1990. However, following a sharp rise, the divorce rate for the 50-and-older age group has remained steady for nearly a decade.
Keeping a divorce child-friendly
Many Illinois parents whose marriages are ending decide to start the divorce proceedings in March. While parents can generally expect that a divorce is coming, the children can become stressed out when they learn that their family is changing. It is recommended that parents make decisions about their divorce while keeping the kids in mind.
How prenuptial agreements may protect assets
Illinois residents who are getting married might want to consider having a prenuptial agreement. If they have children from a previous relationship, a business, or significant assets, the agreement may be particularly important. People whose spouses-to-be have significant debt might also want to do so because if they do not and the marriage ends in divorce, they might be liable for a portion of it.
