Getting a divorce close to retirement is often significantly different from getting one when you have your whole career ahead of you. You will probably have to deal with some unique situations, so please do not use this article as legal advice. You should involve an attorney and probably also an accountant or financial planner, when making these decisions. That said, there is some good news: Divorcing near retirement often means less complexity surrounding your children. However, there is... Read more ...
Posts Categorized: Divorce Lawyer
Entering Into a Divorce Settlement Agreement
When you think of divorce, you might picture a hostile, bitter court battle that involves endless hearings, constant fighting and protracted litigation. While this may be true for some, many other divorcing couples are able to move through the process more smoothly through compromise. Fortunately, the Illinois Marriage and Dissolution of Marriage Act does allow – and even encourages – parties to come to an agreement on the primary issues in a divorce case. In doing so, you experience numerou... Read more ...
What Happens to the Family Home in a Divorce?
In many ways, family homes are treated like other assets during divorce. Assuming you purchased your home after you got married, then it would probably be marital property in its entirety, meaning a judge would equitably split the equity between you and your spouse. However, you probably have a greater emotional connection to your home then to your bank account or retirement plan. There could also be some other concerns involved, such as previous work you had done on your house, where your child... Read more ...
Am I Entitled To My Spouse’s Pension If We Divorce?
After a divorce in Illinois, one spouse could receive alimony from the other, also known as spousal maintenance or support. But what about pensions? Are you entitled to the other party’s pension after divorce? Learn about this topic in this article, and talk to our divorce lawyer in Chicago Michael C. Craven if you need help with divorce issues. Illinois Is An Equitable Division State Illinois has an equitable division rule for divorces, meaning the judge will divide the couple’s property ba... Read more ...
Can I Buy A House If I’m Separated From My Spouse?
Divorce is complicated and takes time, but life does not stop. People often get separated, and when the divorce is pending, you might want to buy a house when separated from your spouse. Whether this is a good idea or not is debatable. Learn more about this topic below, and speak to our divorce lawyer in Chicago Michael C. Craven for assistance. What Illinois Law States About Buying A Home During Divorce No laws prevent you from buying a house when separated from or divorcing your spouse. Howeve... Read more ...
Benefits of Mediation
While some Illinois divorce cases will go through a full trial to determine disputes, many more divorce cases are resolved through less adversarial processes, such as mediation, where parties sit down with their lawyers and a mediator trained in techniques for resolving disagreements. Often, mediators can get divorcing couples to settle their case, instead of conducting a trial to have a judge decide asset division, spousal maintenance, and issues related to minor children. Illinois laws allow j... Read more ...
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