Probably not. In order to properly evaluate whether or not his proposal is fair, an attorney would need to review your income/expense records and analyze the asset/liability split. Both of you have an obligation to provide for your children. However, based on the limited numbers you provided, he is not coming close to meeting his legal obligations. He can't just write a single check and leave you holding the bag and live life as a single guy with his condo. Don't let it happen. You will deeply regret it.
Whether or not you decide to have an attorney represent you throughout the whole divorce, you would be best served by at least getting a consultation (possibly paid) on the financials to be advised of your rights.
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You have provided too little information to give an answer. You really need to retain the services of an attorney to properly request and review the necessary documents to effectively counsel you.
Fair is not a question that likely can be answered here. In order to determine whether a deal is fair and equitable, we should know incomes, assets, and all other relevant facts under the Illinois Marriage and Dissolution of Marriage Act. Consult with an attorney.
You need to sit down with an attorney to discuss this matter in detail. Bring with you documents for your income and your husband's income such as pay stubs and tax returns, bring recent statements for your debt and bills and prepare a rough budget for your monthly expenses. I would also have the attorney run child support calculations to discuss if the amount he is offering is fair or not. Chances are it is not, but without more information, we cannot say definitively.
Any answers or information provided is for general information purposes only and is not intended to be a legal opinion, legal advice or a complete discussion of the legal issues. This is not intended to create a attorney-client relationship. Each individual's situation is different and you should seek independent legal advice from an attorney familiar with the laws of your state for specific information.
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