On behalf of The Walters Law Group, Ltd. posted in Family Law on Monday, July 22, 2013. For many same-sex couples, being able to enter the civil institution of marriage is a long-awaited blessing. The District of Columbia, in conjunction with 12 other states, has lifted the ban on same-sex marriages resulting in tens of thousands of people obtaining marriage licenses. The transition, however, isn’t always easy. The stigma associated with the traditional roles played in a conventional marriage often don’t apply to same-sex couples. Their relationships are frequently created based onContinue reading
Tag Archives: property division
Divorced spouses remain liable for mortgage payments
On behalf of The Walters Law Group, Ltd. posted in Divorce on Thursday, July 11, 2013. When a couple files for divorce in Illinois, a common practice that often occurs is for one spouse to sign off on a deed to a house and transfer it to the spouse still living in the home. Although this transfer of property has legally occurred, as far as the mortgage company is concerned, both spouses are still responsible for payment of the mortgage as the lender does not have to remove either spouse’s name fromContinue reading
Prenuptial agreements protect in the event of divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, June 5, 2013. Discussing prenups with a future spouse can be particularly difficult. A prenup is a contract that divides assets in the event of a divorce, and most couples simply do not want to converse with their loved one about what would happen if their marriage ended before they have even walked down the aisle. However, prenups are put in place to protect both spouses and specify how any and all assets will be divided down the road, mitigatingContinue reading
Divorce finance: how to get your finances in order post-split
On behalf of The Walters Law Group, Ltd. posted in Family Law on Thursday, May 23, 2013. After Chicago couples divorce, there are many steps that they must take to get their finances under control. A divorce may result in a woman having her name changed, which requires her to acquire a new Social Security card, passport, credit cards, bank cards and driver’s license. She also must report the name change to financial accounts, insurance companies and utility companies. This is just one part of getting a handle on finances after a divorce. OneContinue reading