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...
Joliet Family Law Blog
Options for handling your Illinois home’s mortgage in a divorce
Many couples who divorce in Illinois choose to sell their home after a divorce because neither spouse wants to keep it. In some situations, however, there's conflict over who gets the house. So, you may want to go through mediation to resolve the dispute peacefully....
Navigating a divorce when you run a business with your spouse
When married couples in Illinois divorce, handling the fallout is always complex. Remaining business partners adds another layer of emotional and financial obstacles to navigate during a divorce. While some couples prefer to split the business, some manage to maintain...
The role of a CDFA in Illinois
It’s natural to have a lot of questions about your finances when going through a divorce in Illinois. There’s a lot of uncertainty and expenses that go into separating your finances, not to mention planning for life after the divorce. Some Illinois residents employ a...
Financial independence after divorce
When spouses file for divorce, many different plans might run through their minds about post-marriage life. Upon dissolving the marriage, they generally go their separate ways and settle into new living and, possibly, working arrangements. Some may have serious...
Understanding the different effects on divorce on kids
The decision to seek a divorce is often the result of a long and difficult journey between spouses. When they have children, they might question their choice even more, particularly as they might struggle with the idea that divorce causes irreparable harm to children....
Prepare for the most common retirement issues with your spouse
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...
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...