Posts Categorized: Divorce Lawyer

How High Net Worth Divorce Cases are Different

high net worth

Whatever the reason for your divorce, most breakups follow the same legal process in Illinois. First, one spouse files the divorce petition, then there is a discovery and negotiation phase. Then, a settlement is entered in the divorce court as a final decree of divorce. Divorces are almost always painful and difficult experiences for married couples. However, divorce can be even more challenging when there is a lot of money involved. There are considerable differences when divorce involves peopl...   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?

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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?

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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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What To Consider When Getting a Divorce Near Retirement Age

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 ...  

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