Many married couples rely at least partially on credit cards to ensure that they have financial flexibility. Revolving lines of credit help people cover unexpected expenses. Most married couples rely on credit at least occasionally to balance their household budgets...
Spousal support, also called alimony, plays a significant role in divorce proceedings. One spouse may provide financial assistance to the other after separation or divorce. In Illinois, courts don’t automatically award spousal support in every case, but when they do,...
Gray divorce, the term for divorce among couples over the age of 50, brings with it a unique set of challenges. One of the most significant concerns for individuals in these cases is how the division of assets will impact their retirement savings, including Social...
Divorce can put your business at risk, especially if it’s considered a marital asset. Without proper precautions, you could lose partial or full ownership. Protecting your business requires planning and strategic legal steps. Establish a prenuptial or postnuptial...
A collaborative divorce helps spouses work together instead of fighting in court. They communicate openly with help from their lawyers and other professionals to find fair solutions. This makes the process less stressful and avoids unnecessary arguments. Protecting...
Couples divorcing in their 50s or later often face tough decisions about their financial futures. One major concern is long-term care. As people age, they may need help with daily activities, medical care, or housing. Planning for these needs during divorce serves as...
High-asset divorces often involve significant property and complex financial arrangements. Prenuptial and postnuptial agreements can play an important role in deciding how to divide assets in Illinois. Keeping property separate Prenuptial agreements make it clear...
Divorce among older adults, known as grey divorce, has become increasingly common. When individuals over 50 decide to end their marriage, housing becomes a crucial issue. Grey divorce affects living arrangements, financial security, and emotional well-being....
In a high-asset divorce, keeping the family home may seem like the ideal choice, especially for emotional reasons. However, it is important to understand the financial pitfalls that may arise from this decision. High costs of maintaining the home Keeping the family...
In high-asset divorce cases, determining the value of a business is critical for equitable distribution. Business valuations can significantly affect the division of assets and financial settlements, making the process complex and detailed. This article explains the...
