Starting January 1, 2018, Illinois Judges can consider the well-being of a pet when awarding sole or joint ownership during a divorce. Previously, pets were considered property and the pet, as well as the financial responsibility for the pet, was simply allocated to one spouse, similar to a car.
Deciding to sell or buy a house when going through a divorce can be a challenge. It is easy to become attached to assets, especially a home. However, that emotional attachment may not lead to the most financially responsible decisions. I offer you questions to ask yourself before making a decision to buy or sell a house when going through a divorce.
Finances can be the source of many problems in a relationship. It is not merely the nuts and bolts of whether you will have joint accounts or maintain separate accounts, or who is responsible for paying which bills. Having mutually agreed to goals and processes for saving and spending money can be important to the health of a relationship.