When you and your spouse have made the difficult decision to end your marriage in Illinois, you will then embark upon the process of understanding the many aspects of your life this decision will touch. While some amount of loss whether it be of hopes and dreams or of actual assets is unfortunately part of the process, there may be ways to limit some of the losses you experience.
Prenuptial agreements are important documents for soon-to-be-married couples, regardless of whether you have a lot of wealth and assets or not. Obviously the more assets you have, the more you will want to do to protect them. But that doesn't mean that people who aren't wealthy should ignore the benefits of a prenuptial agreement.
Have you heard about Illinois Senate Bill 3231? As of May 20th, 2014, it sits on Governor Quinn's desk. If you're in the middle of a divorce, or looking ahead to one, this Bill (if signed) will change your case. A re-write of Sections 504 and 505 of the Illinois Marriage and Dissolution of Marriage Act - that's maintenance, also known as alimony - will reform the way calculations are done. And for people trying to figure out how much they'll have to pay a spouse, or receive, it looks like good news.