Posts Categorized: Divorce Lawyer

Avoiding Financial Pitfalls In a Divorce

financial pitfalls

Divorce is a word that seldom brings a sense of happiness or joy. In fact, divorce can be the low point of people’s lives and can be extremely challenging both emotionally and logistically. For many divorcees, their focus lies solely on the emotional part, and they spend little to no time considering the financial effects. Those effects can be devastating and must be carefully considered before agreeing to any divorce arrangement. There are numerous issues to consider when thinking about divor...   Read more ...  

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Is My Ex-Spouse Responsible For Paying Our Child’s College Education?

college expenses

If you are divorced or going through a divorce in Illinois, you might be surprised to discover that the law can compel both parents to fund their child’s college education. This strikes many as strange because there is no legal mechanism for a married parent to force their spouse to pay for college expenses, but that is what the Illinois Marriage and Dissolution of Marriage Act states. Learn more about this critical divorce topic below, and contact our divorce lawyer in Chicago Michael C. Crav...   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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Does My Spouse Have To Agree To Divorce In Illinois?

divorce

Deciding to get a divorce is never easy, but it can be more difficult if one party does not want to get divorced. Learn more about getting divorced in Illinois in this blog post, then our divorce lawyer in Chicago Michael C. Craven can answer any detailed questions you may have. Illinois Is A No-Fault Divorce State The first thing to understand is that Illinois is a no-fault divorce state. This means that the court does not require you to prove that the other party did anything untoward, such as...   Read more ...  

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How Life Insurance Changes During a Divorce

Going through a divorce can sometimes feel like a puzzle; there are a million pieces and they have to fit together just so. One of those pieces that can often be overlooked is life insurance. Between custody, maintenance (alimony), and the emotional landmines of divorce, life insurance is often the last thing divorcing couples want to think about. However, if you are getting a divorce, then life insurance may be necessary to protect your and your children’s financial interests. Another way to ...   Read more ...  

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Must My Ex Sign Papers For Illinois Divorce To Be Final?

divorce papers

Divorce is typically less contentious and difficult when both parties agree to end the marriage. But sometimes, one party will not want to end the marriage, so it is understandable to wonder ‘What now?’ This article explains the path forward if one spouse does not want to sign the divorce papers. If you have questions, our divorce lawyers in Chicago can help you today. What Is A Contested Divorce In Illinois? A contested divorce means that the spouses do not agree on the outcome of their div...   Read more ...  

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