Illinois is an equitable distribution state. This means that when you file for divorce, a judge will not always split your assets evenly but equitably. When you have significant assets, this division can seem incredibly unequal. This is what you should know about...
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Divorce
Valuing and dividing a business in a divorce
Businesses are quantifiable assets in an Illinois divorce subject to equitable distribution. First, the court will require the valuation to determine how to divide the business, especially if liquidation is necessary. How do you value a business for a divorce? In...
How to address college costs for the kids during divorce
A crucial element of divorcing with children is addressing their needs, and those needs change as children get older. If you have a child nearing college age, you will need to address college costs with your ex-spouse. Questions to consider about your finances Start...
FAQ about spousal support
After divorce, one spouse might require financial support to live independently. Each separation is unique, and the courts evaluate all the circumstances when determining if financial support is necessary. Knowing the answers to these frequently asked questions about...
How do Illinois courts determine spousal support?
When lovebirds marry, the expectation is that the relationship will last forever. Despite best intentions, a large number of marriages wither on the vine. If yours is ending, the question of alimony looms large. You are likely wondering what factors Illinois courts...
High-value marital assets make divorce more complex
Splitting assets is an expected part of a divorce. However, the procedure can be more challenging when you and your spouse own valuable property, businesses or retirement accounts. If either of you has an extensive financial portfolio, expect a thorough investigation...
Face fear and find hope during divorce
If you are unhappy in your marriage, it can be difficult to summon the strength to divorce. You may experience anger, guilt and sadness about the end of your marriage as well as fear of the future. Explore the common fears others have as they face divorce and learn...
Finding hope after divorce
If you have recently decided to separate from your spouse, it is natural to feel a deep loss about the end of your marriage. Along with this sadness, many people experience fear and anxiety about the future. This may be especially true if you have seen a friend,...
