Monthly Archives: January 2019
Debt Division in Illinois
When drafting prenuptial agreements, couples are mainly concerned about the term of spousal maintenance and division of property, assets, and income that each spouse owned before the commencement of their marriage. However, they may completely ignore the issues pertaining to their debt and financial obligations in case they seek a divorce after the marriage…. Read More »
Understanding Legal Separation vs. Divorce
People often synonymously use the term “legal separation” and “divorce”; however, in reality, both differ quite a lot. Opting for both options creates a space between spouses, but unlike a divorce, a legal separation does not result in the dissolution of the marriage. As per the census data released in 2010, 2% of the… Read More »