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Once the decision to obtain a divorce has been made, there are numerous issues that must be settled. If spouses have children, then their custody and visitation rights must be resolved. There are also financial aspects to consider, such as spousal support and child...
Spouses typically share almost everything with one another. You may use the same checking account and deposit your retirement savings into a joint account as well. You likely live in the same home, eat the same meals and share an insurance policy that covers both of...
You have probably put a little bit of money into your retirement account every week for years, if not decades. Whether you have a pension partially funded by your employer or a 401(k), your retirement savings may represent multiple years of your salary or possibly...
You have reached the point where you know you want to file for divorce, but that doesn't mean that the hardest part of the process is behind you. Instead, it means that you will soon have to make some difficult decisions with your spouse. You will have to divvy up...
Spouses do have the right to work on property division matters together to reach a fair settlement. Most judges in Elgin, Illinois, encourage this approach to keep courts from getting bogged down. However, planning to work it out yourselves is easier said than done...
You don't necessarily have to fight over your home in a divorce. Still, it is a good idea to have an idea of your preferred outcome for that major asset. There are numerous ways a couple can handle their house in the divorce. The Illinois family courts apply an...
When divorcing couples in Illinois are unable to reach an amicable settlement agreement, family law judges divide marital property equitably, but not necessarily equally. What is equitable is decided on a case-by-case basis, but there are several factors that are...
Divorce in Illinois can be difficult at any stage of a person's life. However, the complexity of the process heightens when a business is involved in that dispute. Understandably, people want to know the impact of a divorce on their business now and in the future. The...
Spouses in Illinois must make a full accounting of their assets when they are getting divorced. Sometimes, a spouse will try to move assets out of accounts or stash them somewhere that may be difficult to trace. One state may even give spouses the ability to hide...
Avoiding a few common errors during a divorce can be important to establishing financial security for people in Illinois. One of those mistakes is spending too much money on the divorce by fighting over property and child custody in court instead of trying to reach an...
