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.
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.