Illinois homeowners who are getting divorced may face several issues during the property division process. If one spouse keeps the home, the other should be removed from the deed. Otherwise, there could be problems later if an amicable divorce turns contentious and the owner wants to sell. Problems could also arise for both exes if the owner goes into foreclosure.
What to avoid when dividing a home in a divorce
Dealing with the unique challenges of a gray divorce
Over the past few decades, divorce rates among older adults have doubled. For most older couples ending a marriage in Illinois, circumstances are typically different than what's associated with divorces among younger partners. For instance, child support and custody often aren't part of the equation since children are usually grown. In many cases, the major issue for older soon-to-be ex-spouses is the division of retirement funds and other assets.
Maintaining separate property during marriage can be complex
For Illinois couples going through a divorce, property division can be complicated. However, thinking about property ownership can be just as important for people starting a marriage, even if it is unpleasant to consider ending a marriage before it begins.
