The first few months of most marriages are usually a happy and optimistic time. If you are thinking about ending your union, though, you may feel anxiety and sadness. That is normal. After all, you may be considering walking away from the most consequential relationship you have.
Dividing a business in a divorce can be a contentious and expensive process, so people in Illinois who are starting or who own a business may want to sure they protect it in case of divorce. This can be done with a pre- or postnuptial agreement or in other ways.
Planning for a divorce is not something many married couples in Illinois want to contemplate, especially if their marriage is going well. However, the rate of divorce in the United States is almost 50 percent with nearly 2 million divorces occurring each year. Understanding the divorce process and having an idea of what to expect can help lower anxiety about divorce if it occurs. Making plans for before, during and after a divorce is important part of getting through the process successfully.
When Illinois parents divorce, they may wonder how the practical and financial fallout may affect their kids' future college education. University tuition is a massive expense for people in any family situation. Tuition has risen significantly over the past decades, a trend that experts expect to continue. Every year, the cost of going to college increased by around 3 percent. As a result, it costs around $46,950 each year to attend a four-year private university while it costs about $20,770 to attend a four-year public school, including tuition, fees, room and board.
Since 1990, the divorce rate for those who are 50 or older has increased while it has stayed steady or declined for other age groups. Of those in the former segment who have gotten divorced in the past 25 years, more than half had been married for over 20 years. There are many variables that could explain why this is happening in Illinois and throughout the country.
Divorcing spouses in Illinois may need to make a parenting schedule that plans when children will spend time with each parent. They might have to go to court if they are unable to agree on a schedule. However, the couple will have less of a say in the final decision.