Illinois Spouses' Mutual Disclaimer of Interest in each Other's Property with Provision for Use of Family Residence by one Spouse

State:
Multi-State
Control #:
US-01993BG
Format:
Word
Instant download

Description

This form is a post-nuptial agreement between husband and wife. A post-nuptial agreement is a written contract executed after a couple gets married, to settle the couple's affairs and assets in the event of a separation or divorce. Like the contents of a prenuptial agreement, it can vary widely, but commonly includes provisions for division of property and spousal support in the event of divorce, death of one of the spouses, or breakup of marriage.

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FAQ

You may file a suit charging the other man or the other woman with intentionally interfering in your marital relationship. The adultery itself is not the crime; it is the actions of the other man or woman that determines whether a law has been broken.

In a common-law state, you can apply for a mortgage without your spouse. Your lender won't be able to consider your spouse's financial circumstances or credit while determining your eligibility. You can also put only your name on the title.

A married person may receive, use, and possess his or her own earnings and sue for those earnings in his or her own name, free from the interference of his or her spouse or the creditors of his or her spouse. (Source: P.A.

Illinois is not a community property state, so the marital property laws do not apply when a spouse dies (only for divorce). Each spouse is considered to own the assets that are titled in his or her name.

Buying a home while getting divorced is possible, but you might need the cooperation of your spouse. A lot depends on your finances, the laws in the state where you're getting divorced, and where you are in the process. While it might not be an ideal time to buy a home, you still need a place to live.

Can I Buy A House Without My Spouse? To put it simply, you absolutely can. A married couple can apply for a mortgage under only one of their names and there are plenty of valid reasons why they may consider doing so.

Adultery Cases in Illinois While suing a person for criminal conversation or alienation of affection may be possible in some states, it is no longer an option in Illinois. As of January 1, 2016, Illinois law no longer recognizes these types of legal actions.

All property acquired during a marriage is considered marital unless you can prove that it is non-marital. If it is purchased during the marriage in Illinois, even if you are only purchasing it in your own name, it is presumed to be marital property and will be divided.

The short answer is yes, it is possible for a married couple to apply for a mortgage under only one of their names. If you're looking to get a mortgage without your spouse, or if you're just wondering why in the world someone would do this, we've got a few answers.

What are the property rights of married people? Spouses have the same rights as single persons to individually own, buy, sell, and give away property.

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Illinois Spouses' Mutual Disclaimer of Interest in each Other's Property with Provision for Use of Family Residence by one Spouse