Posts By: MICHAEL C CRAVEN

I’m Getting Remarried Do I Need A Prenup?

prenuptial agreement

If you are getting married for the first time or remarried, signing a prenuptial agreement might be the furthest thing from your mind. However, a prenup should be considered because it can benefit you and your family. Learn more below about why a prenuptial agreement could be wise, then speak to our Chicago prenuptial agreement lawyer Michael C. Craven for assistance. What Is A Prenuptial Agreement? A prenup is a contract made with your future spouse before marriage. The agreement defines each p...   Read more ...  

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How Pregnancy Can Complicate An Illinois Divorce

pregnancy in divorce

Sometimes filing for divorce is necessary when a marriage is irreparably damaged. However, if you are pregnant and thinking about divorce, you should remember several important factors before filing the papers. If you decide to divorce during your pregnancy, the Chicago divorce attorneys at Michael C. Craven can help you. You Do Not Need Grounds For Divorce In Illinois You do not need a reason to file for divorce anymore. The “grounds for divorce” were eliminated and replaced by one option: ...   Read more ...  

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How Parenting Time Is Fairly Decided In Illinois

parenting time

If you are getting a divorce and have children, you may wonder who will get custody. However, the state of Illinois does not use the term ‘child custody’ regarding where the child lives or how the parent’s authority over the child is allocated after a divorce. Instead, since 2016, state law has referred to parenting time and parental responsibilities. Learn below how parenting time is decided in an Illinois divorce, then contact our Chicago child custody attorneys at Michael C. Craven for ...   Read more ...  

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Why High Net Worth Divorce Can Be Costly And Time-Consuming

high net worth divorce

Any divorce can be painful, but a high-net-worth divorce can be more costly and time-consuming. Below are common reasons why. If you have high net worth and are considering divorce, speak to our divorce lawyers in Chicago at the office of Michael C. Craven. More Assets To Divide Marital property must be divided equitably during an Illinois divorce, which may or may not be 50/50. When you and/or your spouse have a lot of assets and income, it often takes longer to identify, characterize and value...   Read more ...  

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Prenuptial Agreements Are Often Present In Illinois Divorce Cases

prenuptial

Couples who marry today are more than three times more likely to have a prenuptial agreement than a decade ago. People understand that a prenuptial agreement is not just for people with high incomes and extensive property holdings. Couples in every income bracket use prenups to help with property division in divorce. If you have questions about a prenuptial agreement, talk to our Chicago prenuptial agreement attorney Michael C. Craven. Prenuptial Agreement Overview A prenup in Illinois is a lega...   Read more ...  

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How Illinois Deals With Property Division As An Equitable Distribution State

property division

States have various methods to address property division during a divorce. For example, community property states generally divide the property 50/50, but Illinois does not do this. Instead, Illinois is an equitable distribution state. This means the divorce court decides which spouse gets what based on an equitable standard. Property division issues can be contentious, so talk to Chicago property division lawyer Michael C. Craven for assistance. Illinois Is A No Fault Divorce State Illinois has...   Read more ...  

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