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Divorce is a complex process, but it can be especially challenging if you are nearing retirement or face a high-asset divorce. In these cases, your retirement accounts could be in jeopardy, and you could face hefty fines and taxes if you liquidate part or all of these...
There tend to be a lot of misconceptions about how much spousal support divorcing spouses may receive. In Illinois, a person’s eligibility for support and the amount of support can depend on several key factors and formulaic standards. Here are some of the most...
Various myths surrounding divorce concern a lot of people considering this step. These can make people worried that they will lose their assets, children and more. Here are the truths about these myths to help set the record straight. 1. Only women get spousal support...
No one needs to tell you that divorce is emotional, complicated and possibly the most difficult thing you will ever go through. Occasionally it will feel like the process will never be over. The good news is there are only four main issues that are imperative to...
When spouses divorce, they must decide how to split their property. Often, couples do not agree on the value of their belongings and depend on the courts to divide these assets. To determine equal share, courts require the valuation of all marital property. 1....
Making custodial arrangements for a couples’ children is an integral part of divorce negotiations. Recent changes in Illinois’ Marriage and Dissolution of Marriage Act have redefined child custody. This updated law no longer uses the phrase “custody” of children. The...
Divorces that involve more than a million dollars in assets are often referred to as high asset or high net worth divorces. Dismantling a high asset marriage is like dismantling a Fortune 500 company: It tends to be complex and expensive and can take a long time....
Getting a divorce does not necessarily require married couples to divide everything that they own right down the middle. The only property that couples need to divide when they get a divorce in Illinois is marital property. Property that people own separately...
Parental alienation syndrome is a psychological condition that could occur if your former spouse attempts to turn your child against you. Illinois family law courts are gradually recognizing how detrimental this is to children. If you prove that parental alienation is...
If you have plans to file for divorce, you want to make sure you maintain your quality of life after reaching a settlement. You may also have concerns about how the process will impact your worth. When your divorce involves closely held business assets, real estate...