Call Today for a Free Consultation: 630-480-6253

Defending What Matters Most

Related Topics

High Asset Divorce Archives

Protecting college savings plans possible during divorce

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 accounts. These include 529 assets that have been accumulated for the benefit of one's children.

Divorce typically follows holidays and summer vacation

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 for multiple reasons.

Prenuptial agreement may help during divorce

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 case, a prenuptial agreement may be helpful, as it can protect one's assets in the event of a divorce in the future.

Protecting financial resources is essential following divorce

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.

Steps that can help protect pocketbook during and after divorce

Divorce can put financial pressure on a person in Illinois in addition to taking the individual on an emotional rollercoaster. This can easily happen no matter how long the person has been married or how many assets have to be divided during the divorce. A couple of tips may help people to safeguard their pocketbooks during and after divorce.

Splitting of assets during divorce is equitable in Illinois

In Illinois, marital property is divided in an equitable manner in divorce. However, the term equitable does not mean equal. Property may be divided in a wide range of ratios during divorce -- for example, 50-50 or even 60-40 -- depending on the circumstances surrounding a person's case.

Getting a divorce quickly may be wise if marriage is toxic

Ending a marriage in Illinois can seem scary, especially for those who have been married for long periods of time. However, getting a divorce is a wise move for those who simply cannot make their marriage work. Divorce is especially important in a couple of situations.

Email Us For A Response

Contact Us As Soon As Possible

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Firm Location:

Fawell & Fawell
2100 Manchester Road
Building B Suite 1075
Wheaton, IL 60187

Phone: 630-480-6253
Fax: 630-871-2404
Wheaton Law Office Map

Firm Number: