In the modern digital age, social media platforms have integrated themselves into nearly every aspect of our lives. This intimate relationship with the online world, however, can cause complications when personal lives become turbulent, particularly during a divorce....
Divorce
5 Examples of family law
Family law cases typically involve issues between parents, spouses, and children. Numerous domestic matters fall under family law. Here are some examples of these matters. 1. Divorce When a spouse wants to dissolve their marriage, they must file for dissolution in a...
Some complicated scenarios when dividing marriage assets
From start to finish, a divorce involves many difficult decisions. In marriages without dependent children, the most contentious issues often deal with financial concerns. While dividing some assets such as savings accounts seems fairly straightforward, other assets...
Why should you cancel joint accounts during a divorce?
Coming to the realization that your marriage is not going to work out can leave you feeling scared and uncertain. The reassurance of a joint bank account during this tumultuous time might keep you from wanting to sever that connection right away. However, maintaining...
Do you need a forensic accountant for your divorce?
When you are gathering financial records for a divorce, comprehensive information is essential. The financial affidavits required by the court system are legal documents and accuracy is key. In some divorce cases, a forensic accountant is a beneficial investment. Here...
What are you entitled to after a long marriage ends?
When you file for divorce after a decade or more of marriage, the length of your marriage automatically shifts your divorce into a different bracket. There are certain entitlements for marriages that last that long. Understanding what you are eligible for when a long...
How can you financially prepare for divorce?
One of the most contentious issues in most divorces, aside from child custody, is finances. Once the divorce process begins, you, unfortunately, will have very little control over what happens to your money and assets. Though Illinois is not a community property...
Reasons to sign a prenuptial agreement
People marry assuming they will be together until the end of time. Nonetheless, even solid relationships can fray to the point that the pair splits. Acknowledging the possibility of divorce paves the way for a smoother future. Fiancees that sign prenuptial agreements...
3 reasons to consider a divorce financial advisor
Most people living in Illinois find that their financial futures look entirely different after they split from their husbands or wives. Divorce has notable, measurable impacts on your finances, but there are certain things you might do amid divorce to help mitigate...
What happens to retirement funds in a gray divorce?
Gray divorce refers to divorces in couples at age 50 or older. The prevalence of gray divorce has increased in the last three decades, with far-reaching implications for retirement funds and long-term living expenses. Here are some things to know about what happens...
