Many millennials start out their adult lives carrying student loan debt coupled with sky high rents and car payment causing many to put off significant milestones such as marriage and children or buying a home. Because financial difficulties are often one of the leading contributors to divorce, when millennials finally do decide to take the…Read More
Before You Sign a Prenuptial Agreement
If you have been asked to sign a prenuptial agreement, first and foremost, it is important to have your own attorney look it over to protect your interests. That said, there are basic considerations that apply to mostly all prenups: They must be in writing and signed by both parties They must be entered…Read More
Money and Divorce
There can be many points of contention between couples that may lead to conflict. Money is one of the biggest sources of marital discord. Disagreements about how much to spend, save or give in charitable donations vary from person to person based on individual belief and experience. When merging marital incomes, these differences can create…Read More
Prenuptial Agreements Trump Indecision
Most couples are reluctant to broach the idea of a prenuptial agreement, not wanting to discuss a possible end to a marriage that is just getting started. However, in reality, a prenuptial agreement is inescapable. Either you and your spouse thoughtfully compose a prenuptial agreement together OR you are at the mercy of the one…Read More
Will Prenup Stand in Chicago Billionaire’s Divorce?
More developments have been reported in the divorce case of Chicago hedge fund billionaire Ken Griffin and his wife of 11 years, Anne Dias Griffin. The couple is one of Chicago’s wealthiest, with Ken being worth a reported $5.5 billion, so the stakes are extremely high. We discussed the case a few weeks ago in…Read More
Prenuptial agreements may spare couples from financial agony
Many Chicago residents are likely vaguely familiar with prenuptial agreements. However, they may not be aware of exactly what these documents entail. Some may be under the impression that prenuptial agreements are contrary to the spirit of marriage. While it may be true that asking a spouse to sign a prenuptial agreement may not be…Read More
A look at pets in divorce property division
Many Chicago pet owners likely feel a strong sentimental attachment to their furry friends. Some of these pet owners may also be in the middle of a divorce. This is backed by statistics — 62 percent of households in the U.S. contain no less than one pet, while around 50 percent of marriages in the…Read More
