Studies indicate that the divorce rate in the United States is around 36%. With that in mind, thousands of Illinois residents go through the process of ending their marriage each year. While divorce creates several financial issues, knowing what to do with a...
Month: May 2023
read more
What happens to your trust assets during a divorce?
When a couple in Illinois decides to seek a divorce, the process will involve dividing their assets. This part will include identifying separate and marital assets. Trust assets are one type of asset over which you and your ex might become contentious if one spouse...
Tips for Illinois couples planning a gray divorce
Older couples who go through a divorce in Illinois have different considerations than those in their 20s and 30s. Many mistakenly believe they won't have significant financial issues following a split, yet financial difficulties can be a genuine but decidedly...