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...
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Consider using percentages when dividing a retirement account
You have spent years building up your retirement accounts, so if you end up divorcing your spouse, you want to keep as much of a 401(k) or an IRA as you can. This means avoiding mistakes that could deprive you of money you would have otherwise kept from your divorce,...
Alternatives to dividing a 401(k)
Before you come to a property division agreement with your spouse, you will need to list your assets and their value, and that includes your retirement accounts. The balance of the account may not all be marital property, though, if you owned the account before you...
Gray divorce doesn’t have to ruin retirement
You spent your working years saving for retirement, and you do not want anything to compromise those years of hard work. So, does that mean you have to stay in an unhappy marriage just to preserve your finances? Luckily, no. While you will face a few additional...
Money matters to consider when going through high-asset divorce
You may have always been someone who managed your money well. That ability, along with your hard work, allowed you to accumulate a considerable amount of wealth. You may have obtained that wealth before or after getting married, but now that you are getting a divorce,...
Divorce: Marital issues that are often causal factors
Whether you've been married 20 or more years, or have not yet reached your 10-year anniversary, you and your spouse may have encountered challenges in your relationship. If so, you're definitely not the only Illinois couple to say they have had marriage problems....
Financial issues that may cause you concern in divorce
When you decide that you no longer wish to stay in a marriage, it can be emotionally traumatic. Even if you and your spouse agree to part ways as friends, the fact that you both shared one of the most intimate experiences of a life journey means it is understandable...
Don’t wait to get your finances ready for divorce
As much as you may have tried to be a team player during your marriage, if you are heading toward divorce, it's time to start taking steps to protect yourself. Naturally, if you have children, their needs come first. However, you must do everything you can to ensure...
Divorcing at the end of summer? You are not alone
If you are choosing to move forward with a divorce in the near future, you are probably not the only one. Many people choose to go ahead with the decision to file at the end of summer, and there are many factors that play a role in this trend. Regardless of why or...
Does your spouse have a high-conflict personality?
When you got married, you likely had dreams of your relationship lasting the test of time. While dating, your future spouse may have seemed like the perfect person to complement your personality, and you likely felt that you two were a perfect match overall. However,...