Realizing that divorce is inevitable is enough to make anyone feel defeated, but coupled with job loss and the future seems bleak. For divorcees in Illinois who are grappling with the uncertainties of unemployment, their effort to stay optimistic may make a...
Divorce
Understanding the QDRO
As part of the property division settlement of a divorce, the spouses may agree to share the proceeds of one person's retirement account. As explained by Forbes, when that account is a 401K and subject to the Employee Retirement Income Security Act, the use of a...
Divorce, health and resilience
When it comes to the end of marriage, people process their emotions differently. Some are able to tolerate the major changes in their lives, while others struggle with various difficulties, including mental health issues. Sometimes, people even have health...
Dividing marital from separate property
When a married couple decides to divorce, they must divide their assets and debts between them. For this division of property, in Illinois law follows a model known as "equitable distribution," which, put simply, requires the division to meet guidelines of fairness....
Don’t overlook marital debt in divorce proceedings
We’ve talked about a lot of divorce legal issues on this blog, including property division and child custody. Each of these issues is important and can dictate what your life will look like after your marriage is dissolved. But there’s often another matter that is...
Beginning an in Illinois divorce
Even the word, “divorce” can cause cold sweats, but sometimes, couples need it. To lessen this apprehension, understanding the basics can help. Before filing, it is important to know whether one qualifies to divorce here. First, one does not need to file for a divorce...
What you need to know about dividing a business in a divorce
When an in Illinois couple gets married, they rarely think their marriage isn’t destined for eternity. Many couples do stay married for decades but a large percentage also end in divorce. A divorce is often complicated, but if the couple owns a business, the asset...
Here’s how to think about major assets in divorce
A lot of people who recognize that their marriages are coming to an end find themselves emotionally overwhelmed by the prospect of divorce. This is completely understandable. If you’re like most people, then you’ve spent years building a life together with your...
Illinois may require divorce spousal support payments
Judges may order a spouse to pay financial support to their other spouse after their marriage is over. Identified as maintenance in an Illinois divorce, these payments were also often known as alimony or spousal support. Spouses who can work are expected to find...
Avoid these mistakes when getting a divorce in Illinois
The divorce process can take an emotional toll on a family, even if the divorcing couple is getting along. A great deal of this emotional stress stems from financial challenges that come with getting your divorce finalized and moving on with your life as a newly...
