Last time, we began looking at a smartphone app marketed as helping those considering divorce to cut out the involvement of attorneys in the early stages of divorce, which is sometimes called divorce planning. Without actually taking a look at the app and seeing the features of the program and the kind of advice and direction it is giving, it is hard to make judgments about it.
A do-it-yourself approach can work for some people for some things. Maybe you want to add a deck to your home, or do some landscaping, or remodel your bathroom. Maybe you want to build a homemade outrigger for your kayak or make your own organic toothpaste. Taking the DIY route for such matters can work out well for some, particularly when the risk of loss, injury or failure isn’t that significant and the individual contemplating the project is reasonably competent or capable.
In our previous post, we began looking at some of legal rules governing prenuptial agreements here in Illinois. As we noted, prenuptial agreements must be set forth in writing and signed by both parties. We also pointed out that premarital agreements may not deal with certain matters, but that there are a lot of possibilities in terms of what couples are allowed to address.
Last time, we looked briefly at some of the factors Illinois courts consider in the division of property. As we noted, courts do take into account the terms of any marital or premarital agreements dealing with property matters. Such agreements, of course, are quite common among celebrities and the wealthy, but they can also be useful for those of more modest wealth.
Last time, we spoke briefly about several of the most important issues for couples as they contemplate the decision to file for divorce. As we noted, some of these factors are more subjective, such as happiness and love. Other factors involve more objective considerations, as is the case with division of property and child custody, which must also be considered in divorce.
Anybody who has been through the divorce process knows it is a big decision, and one that needs to be carefully thought through. Different couples, of course, have different circumstances and have to think and work through the process according to their own situation, but there are certain issues that have are critical to consider before filing for divorce, as well as certain issues that are very important to the decision.
Last time, we began looking at the divorce case of Richard Stephenson and the dispute him and his wife are currently having with regard to their prenuptial agreement. As we noted, the agreement specifies that property owned individually prior to the couple’s marriage, and property acquired individually during the marriage, was to remain separate in the event of divorce.
A high-asset divorce case involving the founder and Chairman of Cancer Treatment Centers of America, Richard Stephenson, and his wife of 25 years was recently called “one of the longest, most contentious local divorces in recent memory.” Papers for the divorce were filed six years ago, but the couple was still successful in resolving their differences as of a couple weeks ago.
In our last post, we began looking at the importance of the 10-year mark for marriage for purposes of Social Security retirement income. As we noted, ex-spouses who have not remarried are able to receive payments based on their former spouse’s record. For older couples who are contemplating divorce, timing may therefore become an issue.
As readers may be aware, there has been an increase in recent years in divorce among older Americans. So-called “gray divorce” is not only occurring among those who have been married more than once, but just as much among those who have only been married once.