Many people are familiar with premarital agreements, also sometimes called prenups. It is understandable that couples enter into these contracts prior to marriage to protect their assets in case of divorce. However, postnuptial agreements cause a little more confusion because people often wonder why a couple would need a contract after they are already married. Below are some of the most common reasons couples create postnuptial agreements.

No Time for a Prenup

Sometimes a couple knows that they would like to create a premarital agreement prior to the wedding, but they simply run out of time. Planning a wedding takes a lot of time and sometimes, a prenup is one task that just never gets done. Or, the couple may want to protect their assets, but they also do not want to think about divorce during one of the happiest times of their life. When either of these is the case, the spouses may choose to create a postnuptial agreement once they have settled into a life together.

The Couple is Working on Reconciliation

In many cases, divorce starts to look like a very real possibility in a marriage and the spouses are not protected by a prenup. In these situations, there has been a serious breakdown of the marital relationship, but at least one spouse may want to try to work out the issues. As a condition of attempting to work things out, one spouse may want to create a postnuptial agreement first.

In Illinois, a person that is having problems with their spouse and that has not engaged in misconduct during their marriage may petition the court for a legal separation. A separation is not a divorce and does not officially dissolve the marriage. It does allow the two spouses to live physically and financially independent of each other.

When a marriage is experiencing problems, at least one of the spouses may be considering divorce but, is legal separation a better answer? Like with most divorce and separation cases, it will depend on the two parties involved. However, there are some benefits of a legal separation that make it worth at least considering in many situations.

Cooler Heads May Prevail

In any marriage something that can happen that causes one spouse to become outraged with their spouse. Perhaps a spouse had an affair or refused to deal with a substance abuse problem. When this is the case, it is easy to want to pack up and leave, but that does not necessarily mean that divorce is the right answer. Sometimes, people just need some time apart to process a situation and determine what they really want to do about it. A legal separation allows this without requiring that the couple gets divorced.

When two parents get divorced it typically means that the children of that marriage will spend much less time with one of their parents. Historically speaking, the parent to lose the most time with their children has been the father. Although today, Illinois courts are not supposed to take gender into consideration when allocating parenting time, the sad fact is that many still do. The data is there to support the notion that mothers are usually awarded the most time with their children. However, a new bill has been introduced into the Illinois House of Representatives, and it may mean equal time for both parents in future divorce cases.

Minimum Parenting Time in Illinois

Most people agree that when both parents are fit to raise their child, it is in that child’s best interests to spend equal time with both parents. Unfortunately, that rarely happens in Illinois and legal authorities in the state have continued to support favoring one parent over the other.

The Illinois Family Law Study Committee has found that it is in the best interests of the child to spend at least 35 percent of weekly time with each parent when both parents have been deemed good and fit. Although the Illinois State Bar Association also publicly supports equal parenting time, they have opposed the notion of each parenting getting that amount of time. In fact, the Association does not have a minimum amount of time at all for parents that are considered fit to spend time with their children.

If you are getting a divorce, you will likely want to speak to a divorce lawyer that can help with your case. Most divorce lawyers in Illinois will offer a free consultation during which you and the attorney will discuss your case and the lawyer will provide the legal options you have to get a fair settlement.

Preparing for these consultations can be somewhat confusing, particularly if you have never been through the divorce process before. To make it easier, below is a list of things you should bring with you that will provide the attorney with more insight into your case, and help you determine if the lawyer is right for your case.

A List of Questions

You likely have a lot of questions about the divorce process. As you think of these questions, you should write them down so you do not forget to ask the lawyer about them during your meeting. You should also ask the lawyer some questions about the attorney’s caseload, their experience, and if they will be handling your case, or if a paralegal or associate will. All of these are important and will help you better understand the process and if you want to work with a certain attorney.

When going through a divorce, you hope that your spouse will be honest when presenting certain facts of their case. Unfortunately, that is not always the case. Sometimes, spouses lie about their assets and when they do, it can present many challenges and result in an unfair settlement, or worse. There are many different reasons a spouse may lie about their assets but they can all hurt you in the end. For this reason, it is crucial that you understand how to identify signs of fraud, and how to protect yourself from it.

The Different Types of Fraud in Divorce

There are many different reasons a spouse may wish to lie about their assets during divorce, and a variety of ways in which they may attempt to do it. A spouse may ask a friend or family member to temporarily take possessions such as cash or stock options to prevent these assets from being divided in property division hearings.

Or, a spouse may try to hide income so they do not have to pay as much in spousal maintenance or child support payments. When they do this, they will often misreport their income on tax returns. Although this could result in criminal charges for them, it could also mean financial consequences for you. If you had filed a joint tax return with your spouse, you could face the same consequences yourself, which is extremely serious.