In an Illinois divorce, spouses need to split their property or ask a judge to divide their assets. The equitable distribution rule that applies in litigated divorces requires that a judge split your property and debts in a fair manner based on your current...
Divorce is far more than the end of a marriage. It can impact your financial well-being for the rest of your life. Yet you’re required to make crucial financial decisions at a time when you may be consumed by myriad emotions that too often lead people to do things...
Many couples own both marital assets and separate assets. These are assets that they own together and those that they own individually. It’s important to know which camp they fall into when getting divorced. Now, these assets are not always categorized the way people...
A family business can be a great source of income for the household, but it is an asset that could potentially cause issues if the husband and wife decide to end the marriage. This is more common when one spouse handles the financial aspects of the company. Sometimes...
Splitting up with one's spouse can have a drastic effect on one's emotions along with one's finances. It is natural for a person in Illinois to want to get the divorce process over and done with as soon as possible. However, rushing through the process can be costly...
Individuals going through marital dissolution in Illinois may naturally focus on how they will divide monetary assets and address the family home. However, one question that many people never consider before getting a divorce is what will happen to college savings...
Although people in Illinois decide to get divorced all times of the year, August appears to be the most popular month for dissolving a marriage. The next most popular month for divorce filings is March. These two months are considered peak months for ending a marriage...
An Illinois divorce is usually a stressful process full of emotional and the financial struggles. Financial battles in particular can occur over valuable assets. A couple of tips might help people to protect their financial interests during divorce. First, it makes...
Two young people who have very little in assets before they get married usually do not have much to lose by putting their assets together. However, the situation may be much more complicated for two people in Illinois who are getting married later in life. In this...
Divorce in Illinois can naturally lead to heartache, but it can also be painful financially. This is especially true for a couple with high-value assets. A couple of tips may help people to protect their financial resources during the process of divorce in Illinois....