During a divorce, calculating alimony, child support, and assets can quickly become overwhelming and complicated, especially if you have a complex asset case. If you are in the process of getting a divorce in Illinois, understanding the factors that are often...
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How will retirement benefits get handled during divorce?
If you're going through a divorce in Illinois and you have retirement benefits, your former spouse may try to get a share of this income. It's a good idea to learn what happens to retirement benefits while going through a divorce. How retirement benefits get divided...
What are the rules about spousal support?
Did you know that Illinois recognizes the dissolution of marriages and civil unions as opportunities for awarding spousal support? Moreover, it’s a common misconception that only a husband pays for this. Following is important information regarding spousal maintenance...
Costs don’t end when the divorce decree is signed
A contentious divorce can cost each party tens of thousands of dollars. The spending rarely ends when the divorce decree gets signed, and there are costs that will carry on far after you and your spouse officially become exes. Where will you live? The biggest future...
How divorce could impact your business
Illinois is an equitable distribution state, which means that your business could be subject to division in a divorce. This may have very real impacts on your company's operations. You must take care to keep the business running smoothly no matter how bad the turmoil...
What financial struggles plague grey divorcees?
Grey divorcees often face unique hurdles in the aftermath of divorce. Many of these differences in struggles stem from the fact that grey divorcees are at a completely different place in life than 20 to 30 year old couples. For example, you will face entirely...
4 kinds of financial assets to keep in mind in your divorce
As you approach the property division phase of your divorce, you no doubt think about the task of dividing the marital home, your vehicles, perhaps a boat and similar assets. The financial aspects of the property division process are also extremely important. Here are...
When should I take my divorce to trial?
Some divorces go smoother than others. It is possible for some divorcing couples to use the skills of a mediator to get through the process. However, if you are looking at a high-conflict divorce, you may find yourself in the courtroom. Contrary to popular belief, it...
What is nesting and is it an option for our divorcing family?
Dealing with the aftermath of a divorce is difficult on multiple levels, particularly if you have children with your ex-spouse. One of the most immediate concerns following a divorce is setting up new living situations and helping your children adjust. It is highly...
What are ways I could buy out my spouse?
If your spouse has any ownership stake in your business, you may have to sell your company to split the proceeds in your upcoming divorce. You might prevent this from happening if you can buy out your spouse. If you succeed, you will be the sole owner of your business...
