While divorce in Illinois can be difficult enough for the spouses involved, it’s often the children that suffer most. Those who are considering filing for divorce should consider the fact that how they proceed through this legal matter can negatively affect their...
At times, married couples who have acquired property together need to transfer the interest from the property from one spouse to another. In Illinois, married couples can use an interspousal transfer deed to do just that. While these types of deeds effectively reach...
If you and your spouse have collected antiques and art during your marriage, those collectibles can comprise a considerable portion of your marital property. Yet, valuing those items when contemplating divorce in Illinois can become difficult. Here is what you can do...
Owning an Illinois business is a significant accomplishment. However, if you’re going through a divorce, you might worry that everything you’ve built will come crumbling down. This is how a divorce can impact your business and how you can protect it. Effects of...
The holidays are a time of joy, family and togetherness, but they can be difficult during a divorce. Your children might have a particularly hard time while one parent is out of the home. This is how to make your Illinois holidays happier for them during your divorce....
During a divorce, couples frequently clash over the division of property. In many cases, each spouse believes they contributed to all of the assets and should receive equal benefits from them. Each state determines how assets should be divided in a state, and Illinois...
In Illinois, a divorce can be a financially complex process. If one or both parties has a retirement account, such as a 401k, then dividing it can require untangling dense plan rules and offsetting financial settlement components. Retirement Plans and Divorce Unlike...
Illinois residents who go through a divorce have different financial concerns once it has been finalized. Their budgets are often tighter as they have less money to spend on consumables. Refinancing a mortgage on what was once the family home can help free cash and...
Divorcing couples in Illinois have to navigate a lot of rules when splitting their retirement assets. Whether the couple is splitting an account down the middle or transferring it to one party, there are steps to getting the desired end result. IRAs and taxes A...
If you are a divorced resident of Illinois who is planning for retirement, you should not overlook the possible Social Security benefits you can claim based on your ex-spouse’s work record. This might be a significant amount that can impact your financial security...
