If you get a divorce, you may cede your Illinois home to your spouse. However, if your name is still on the mortgage before, during or after the divorce, you could still be liable for payments even if you no longer have a right to the property. There are several ways...
Year: 2023
Can you get divorced in Illinois if you were wed in another state?
Looking ahead can be useful when you are about to go through a divorce. You may already be anticipating and thinking about the various aspects of the process, such as property division and spousal support. Nevertheless, you cannot skip the initial steps of the...
How length of marriage affects spousal support in Illinois
Divorce is a life-changing experience that often requires significant adjustment from both parties. A common concern among separating spouses is the divorce’s impact on their finances, especially for the less-earning and housemaker spouses who rely on their other half...
5 common challenges when running a business during divorce
Conducting business and processing a divorce are separate endeavors that require significant time, effort and financial resources. When taken on simultaneously, they can be profoundly disruptive to both company and family members. Thus, it will help if soon-to-be...
3 things to know about divorce and credit
Going through a divorce is a significant transition, and some people don’t realize just how consequential it can be. One area of life that might be affected in the event that you choose to divorce is your credit. You'll work out who gets what elements of your marital...
Is your spouse squandering marital assets during the divorce?
You and your spouse have worked hard to accumulate valuable assets and build the marital standard of living you enjoy today. It does not matter whether one took on the role of homemaker while the other pursued a rewarding career or you have a dual-income household....
Protecting your medical practice in Illinois divorce
When going through a divorce in Illinois, the state laws mandate that couples must divide their marital property fairly or equitably. This includes everything, even your medical practice, whether you acquired it while you were together or if your spouse helped...
What add-on costs should I anticipate during the divorce?
Divorce can lead to significant financial obligations, including child support, spousal support, and other costs. Most of the time, involved parties might only focus on the essential expenses related to the process. Still, the divorcing couple might face add-on costs...
How can you protect your assets in a marriage?
Even the healthiest marriages can experience friction, tension and resentment. Couples may find a solution to their marital issues by getting a divorce. A lot happens during a divorce. One of the main things couples have to discuss is asset division. Many people don’t...
Navigating a divorce from a narcissist
Divorcing a narcissist can be challenging and anything but straightforward. You may feel overwhelmed and confused, even though you know it's the right choice for your future. Understanding what to expect can help you better prepare for the difficulties ahead....