Each year, many Illinois residents decide that it's time to retire. During this time, you may imagine many different scenarios playing out. Hopefully, retirement is full of nothing but positive experiences for you and your spouse. With that said, it never hurts to...
Joliet Family Law Blog
How does spousal support work in Illinois?
Illinois changed its spousal support laws in 2019. Spousal support isn't a given. Whether one partner receives financial assistance often depends on whether they need it to transition back into the workforce. Spousal support calculation It's easy to estimate how much...
Factors that affect the amount of alimony in Illinois
When going through a divorce in Illinois, the court will divide your marital assets fairly depending on the circumstances of your marriage. On top of that, they could also award you or ask you to pay alimony. If they do, some factors that might affect the amount...
Handling a divorce when you own a medical practice
When you are going through a divorce in Illinois, it is important to have a plan for how you will manage your medical practice. Trying to run a business while dealing with the stress of a divorce can be difficult, and it is important to make sure that you do not let...
Protecting your financial interests during divorce
If you are an Illinois resident who is about to begin divorce negotiations, you should take steps to protect your financial interests. Going into the negotiations knowing your financial situation and with clear post-divorce goals can help you achieve a fair...
Value assets carefully during your Illinois divorce
When you're involved in a divorce, it can be a stressful period in your life. Taking time to examine each possibility involved with your breakup can be critical. Thinking clearly while in this position is essential to avoid making financial mistakes that negatively...
Divorce valuation: active vs passive appreciation
The financial aspect of divorce in Illinois is often the most contested element, especially if there are significant assets involved. One key consideration is deciding between active and passive appreciation for assets that one partner owned during the marriage and...
Planning your taxes during a divorce
Getting a divorce in Illinois can be a complex affair. There are many details to consider. The welfare of your spouse and any children you may have will be an issue. There will also be the issues of any taxes that must be paid. This is a matter that will need the aid...
Keeping real property in a divorce
In the state of Illinois, any property held inside of a marital estate may be divided in a final divorce settlement. This means that any rental properties, commercial holdings or lots of land that you own could be ceded to your spouse. However, it may be possible to...
Dividing retirement accounts in a divorce
Divorce comes with several financial changes that can be difficult to navigate or understand. If you have retirement accounts, you'll need to know what to expect if you're planning to end your marriage. If you're an Illinois resident, here are some important details...
