Summary
For an uncontested divorce, file a petition, serve papers, and get court approval. Marital property is divided equitably in Illinois. Consider an Asset Protection Trust to safeguard business assets. Consult a local attorney for personalized advice.Full Conversation
Me and my husband want to get divorced, the easiest and cheapest way possible. What are the steps?
Hello ****, I'm sorry to hear that. To guide you accurately, could you please share with me your location? The divorce process can vary from country to country.
I am located in Grayslake, Illinois * and my husband is located in Grand Rapids, Michigan
Hello ****, if you both agree to the divorce and terms, you can pursue an uncontested divorce. Here are the general steps:
- File a petition for divorce at your local courthouse
- Serve the divorce papers to your spouse
- If your spouse agrees, they will sign and return
- The court will review and approve your agreement
- The divorce will be finalized after a waiting period.
My husband owns a company and he is scared that i’m going to take *% of the company. How can we protect this?
Hello ****, in Illinois, marital property is divided equitably, not necessarily */*. Assets obtained during the marriage are usually considered marital property. If your husband's company was started during your marriage, it may be considered marital property. Here are some options:
- Pre/postnuptial agreement.
- Asset Protection Trust.
- Sell or transfer ownership.
Please consult a local attorney for personalized advice.
What’s the asset protection trust
An Asset Protection Trust is a type of trust that is designed to protect a person's assets from claims of future creditors. These trusts are typically set up in jurisdictions outside of the U.S., but some states, like Alaska and Delaware, have legislation allowing them.
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