Illinois couples going through a divorce may not stop to think about their digital assets when they're trying to come to a settlement. However, some of these assets may be worth further examination, especially with the onslaught of technology people use in their daily lives. Some questions to address in a divorce settlement may include who receives the iTunes library, iPad, or even stranger, the Farmville assets.
When most Illinois residents divorce, their cases are handled quietly within the circuit courts. However, sometimes a divorce becomes so acrimonious that it ends up being heard in a state's highest court. Such is the case for a prominent couple who were unable to agree about their children so pursued the case to their state's Supreme Court.
While statistics show a falling divorce rate, 10 percent of new marriages still end in divorce within the first five years, and almost 25 percent never see a tenth wedding anniversary. Such statistics may encourage Illinois couples to carefully plan before they tie the knot, just in case things don't work out later on. Thinking about divorce before even getting married may not be the most attractive activity, but with the current rate of divorce, for many people such considerations are an important step.
Illinois couples who are going through a divorce may not have considered the possibility of tax problems as a result of their marital dissolution. Some issues that are overlooked before the decree is finalized may come back to haunt divorced couples years down the road. But taking the time to understand the relevant tax laws can help protect financial interests and achieve a favorable division of property for both parties.