A 2016 survey of matrimonial attorneys in Illinois and around the country revealed that prenuptial agreements are becoming far more common. These agreements are often created when wealthy individuals are planning to marry and wish to protect their assets, but they are also becoming popular among entrepreneurs who have ideas that they believe will blossom into thriving businesses. Having a signed prenuptial agreement can also make it easier for entrepreneurs to raise the funds they need to get their commercial ventures off the ground.
Prenuptial agreements for entrepreneurs
Choosing to sell or keep the family home in a divorce
Divorcing spouses in Illinois and around the country often find it difficult to decide how to deal with the marital home. The family residence is usually the most valuable marital asset, but it can be hard for spouses to put their emotional attachments aside and concentrate on financial considerations. The two basic options are selling the house and dividing the proceeds or one spouse remaining in the home. In either scenario, the first step is to determine how much the property is worth.
The best way to weather a gray divorce is through teamwork
If you and your spouse are in your middle years or beyond and facing divorce, you also face some unique financial challenges.
Some personality types make divorce more likely
There are many reasons why people in Illinois may decide to divorce, but scientists point to certain personality types as more commonly linked to the end of a marriage. If people do not take care to curb problematic behaviors and interactions, they may run into serious relationship problems down the line. Divorce lawyers interact with many couples who have decided to end their relationships, and they note that there are certain common factors they often encounter. One of the most common traits linked to divorce is the tendency to catastrophize or excessively exaggerate relatively small matters into major crises.
