Illinois parents like you have a lot to handle when approaching divorce. One of your primary concerns is your child. You have to deal with the behind-the-scenes issues like child custody and support. But there is more to it than that. One of the biggest initial...
Divorce
How can I save money on divorce?
There are multiple costs associated with a divorce. However, many people focus on the end cost. By this, we mean that the majority of the focus ends up on expenses like alimony or child support. However, it is important to realize that divorce itself can be a very...
How will a judge divide your property during a divorce?
When preparing for a divorce, understanding some of the primary court procedures and actions may prove beneficial. In Illinois, one of the most hotly debated topics during the legal uncoupling process is who gets what. If a couple cannot agree on how to divide assets...
How is child custody determined?
When a couple gets a divorce, one of the main questions that need answering is how much time each parent is going to spend with their child or children. The general assumption is that 50/50 custody is in the best interest of the child. This means the child will spend...
What couples should know about splitting an IRA during a divorce
The aggregate divorce rate in the United States has fallen over the past few decades. However, there has been a dramatic increase in the number of gray divorces, which refers to divorces involving individuals who are over the age of 50. Illinois residents who are...
Should you wait to take control of your finances during divorce?
While there are plenty of warnings out there about the consequences you could face if you move money around, hide assets or spend frivolously during your divorce, it is not required that you suspend all efforts to deal with your finances. In fact, if you are getting...
Continuing coverage with your ex-spouse’s insurance
Pending divorce proceedings in Fox Lake offer you the chance to sit and consider those things that will change once your divorce becomes final. One of them may be the association that you have with your ex-spouse’s employer. While that may seem to be a small...
Is my spouse hiding assets?
It's tough to hear, but many spouses attempt to hide assets during a divorce. When assets are hidden, they'll fail to be included among marital property, which the court divvies up equitably among both spouses. Forbes offers the following tips on how you can...
Weighing whether to cash out your portion of a 401k
Your divorce in Fox Lake will inevitably bring with it many changes. These changes can often place a heavy financial burden on you (even with the prospect of you receiving a property division settlement looming). The need to secure housing, complete job training or go...
Planning your divorce can help protect your business
When business owners get divorced, their spouses often have a valid claim to a portion of the business's value as a part of their divorce settlement. If an owner doesn't approach the divorce process with clear priorities and careful planning, they may lose their...
