Posted on September 19, 2022 in Illinois Divorce

You have finally made the difficult decision to end your marriage but now you are unsure of how to begin the process. Dealing with the emotional aspects of a divorce can be hard enough, and the stress and worry about your future and your children’s future can feel overwhelming. But the steps you take at the beginning of this process can go a long way in protecting that future, especially the financial side of it. The following are some steps you can take to begin the divorce process while protecting yourself financially. For more details, contact a Kane County divorce lawyer.

Get Legal Advice

The first thing you should do before moving forward is speak with a qualified divorce attorney. Even if you think your divorce is going to be friendly because you and your spouse are on the same page when it comes to child custody and family finances, it is important to understand that once that divorce petition is filed, the process can quickly become a contentious one. Having an attorney dedicated to your best interests will ensure you are protected should this occur.

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 Posted on September 08, 2022 in Illinois Divorce

In most cases of divorce, the erosion of the marriage takes place over a period of time. It is not uncommon for one or both spouses to change their minds many times before making a final decision about whether they truly want to end the marriage. Once that decision is made, however, the question then becomes when they should file their dissolution of marriage petition with the court. In some cases, the petition can and should be filed right away, but in other situations, it may be better for financial reasons to hold off for a bit before legally initiating your intention to end your marriage.

Equitable Distribution

When a couple is married, they amass what is referred to as their marital estate. This includes any real estate they own, financial assets, household property, and vehicles. Illinois is an equitable distribution state, which means that in a divorce, the court’s goal is to divide that marital estate in a fair and “equitable” manner. Keep in mind that equitable does not necessarily mean equal or 50/50 like in community property states. An exception to this division of assets is if the couple had a valid prenuptial or postnuptial agreement in place that stipulates what each spouse will end up with in a divorce.

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 Posted on September 06, 2022 in Illinois Divorce

National statistics show that approximately 50 percent of all married couples divorce. The percentage for subsequent marriages is even higher – 60 percent of all second marriages end up in a divorce court and a whopping 73 percent of all third marriages also end in divorce. Illinois is ranked at number 44 when it comes to the national divorce rate with a rate of just over 6 percent; however, while that number may seem low, remember the population of the state is approximately 13 million people.

Every divorce case is different – the process and resolution with some cases are quick, while the process and resolution with others drag on for months or even years. The constant in all Illinois divorces is that the court will issue a divorce decree that declares the marriage is legally over and stipulates the final decisions on child custody, child support, division of assets, alimony, and any other issues. And although this decree is a legal order from the court, some spouses fail to adhere to it. What legal options do you have if your ex-spouse is not obeying your divorce decree?

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 Posted on August 23, 2022 in Illinois Divorce

Dealing with a divorce is difficult for an entire family. However, unique issues can arise for non-custodial fathers after a separation or divorce. No longer living with your children is difficult, and it can be devastating for a parent. Suppose you are a father who is no longer the primary custodial guardian in your child's life. In that case, it is a good idea to prepare for this transition in a few ways. Here are four critical tips for dads during a divorce.

Stay on Top of Your Parenting Plan

When you are no longer the custodial guardian of your children, it is easy to overlook the day-to-day activities and responsibilities of being a parent. It is important to stay organized with your parental responsibilities. During the divorce, both parents are included in creating custody, visitation time, and responsibility plans for life after the separation. Typically, each parent is allocated specific responsibilities and visitation with the children. You must stay on top of these responsibilities to maintain an important role in their lives.

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 Posted on August 16, 2022 in Illinois Divorce

For many people, property division is one of the most challenging aspects of divorce. When it comes to business interests, dividing property becomes more complicated. Typically, the two ways to consider property division during a divorce are shared marital property or individual property. Depending on whether or not spouses share a business, there are different ways to protect your interests legally.

Is Your Business Shared Property?

The first step in ensuring you retain maximum interests within your business during a divorce is understanding whether or not it is shared. Illinois law considers a business unshared if you owned the company before getting married, you built the business with inheritance or your own money, or a prenuptial or postnuptial agreement states that only one spouse owns the business.

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 Posted on August 09, 2022 in Illinois Divorce

One of the most critical aspects of divorce is selecting an attorney that best fits your needs. It can become overwhelming to decide which divorce lawyer will represent your interests and help you secure the most favorable outcome of your divorce. A few key things to remember when selecting a divorce attorney include the type of divorce you are handling, your budget, and your personal ethics and values. Here are three essential tips for choosing the right attorney for your divorce.

Consider the Type of Divorce at Hand

Before selecting the best attorney for you, it is crucial to examine what type of divorce process you are facing. There are a few different types of the divorce process that differ in price, complication, and duration, including:

• Contested vs. uncontested divorces
• High-value and asset divorce

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 Posted on August 02, 2022 in Illinois Divorce

When dealing with a divorce, spouses tend to worry about how financial responsibilities will be taken care of when the marriage is dissolved. Alimony, also known as spousal support or maintenance, refers to a series of payments made from one spouse to another following a divorce. Many couples going through a divorce wonder how to obtain spousal support or how the court will decide which partner is responsible for paying spousal support. If spousal support is found to be appropriate, the court will decide who pays spousal support by determining the supporting and dependent spouses.

Supporting vs. Dependent Spouses

When deciding which spouse will pay spousal support after the divorce is finalized, it is critical to analyze the financial health of both spouses. By looking at each spouse’s financial statements, a divorce attorney can help identify which spouse will be supporting the other. Below are the general characteristics of a supporting and dependent spouse.

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 Posted on July 28, 2022 in Illinois Divorce

One of the most common questions asked during a divorce is how expensive the divorce process is. Creating a cost estimate for a divorce is difficult for many reasons. Costs affiliated with a divorce vary depending on factors such as the type of divorce, the duration of the divorce process, which attorney you hire, and the type of assets shared.

Divorces in Illinois vary in cost, but there are ways to gauge how expensive your divorce can become. Your best bet is to speak with a qualified divorce lawyer about your specific situation.

Finding a Cost Estimate

By speaking with a skilled divorce attorney, spouses can usually get a rough estimate how expensive their divorce may be. Estimates can be made only after an attorney gathers the facts of your situation and determines a few factors such as:

• Whether a divorce is contested or not

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 Posted on July 26, 2022 in Illinois Divorce

The divorce process can be complicated for many reasons, especially when dealing with property and asset division between two spouses. When dealing with a high-income, high-value divorce, the process can become more intricate to consider the significance of the assets at stake. Stress levels run high in any divorce, separation, or breakup. The essential nature of high-income asset division can exacerbate stress and cause high anxiety levels. If you are in the midst of a high-income divorce, here are three tips that may make the process more manageable for your situation.

Contact a Financial Analyst

Many divorce and family law attorneys have contacts with analysts that assist in the divorce process. Financial experts are one of the most commonly consulted analysts during a high-value divorce. Alongside your legal counsel, a financial expert can examine the assets divided between two partners. Some of the most common monetary and business assets that are analyzed in a high-value divorce include:

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 Posted on July 14, 2022 in Illinois Divorce

Breakups, separations, and divorces can be difficult. Tensions run high, and many couples cannot communicate with their spouse about how to move forward after a marriage is dissolved. When spouses cannot communicate effectively, many people believe that the only solution is to resolve a divorce in court. However, other more cost-effective and productive forms of alternative dispute resolution can help couples get through a difficult divorce. One of the most beneficial alternative dispute resolutions for divorce cases is third-party mediation.

Understanding Divorce Mediation

Alternative dispute resolutions are different techniques that couples can use to communicate with their partner and dissolve a tense marriage without defaulting to court litigation. A few different types of dispute resolutions are used for divorce, including mediation, settlement conferences, and arbitration.

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