Posts Categorized: Divorce Lawyer

Divorce lawyers often focus a lot of attention on how divorce affects parental responsibilities. Parenting plans are one of the most important and contentious parts of divorce. However, splitting up assets is a close second. Equitable Distribution States handle divorces differently. Some states divide the assets 50/50 no matter what. This means that it does not matter what the cause for divorce was, the assets are equally divided. Illinois is an “equitable distribution” state, meaning the Co...   Read more ...  

Divorce is one of life’s most difficult transitions. You are not only breaking-up with the person you thought you’d spend the rest of your life with, but you are also probably dealing with custody and financial challenges.   As with anything in life, there will be ups and downs throughout divorce and if you are currently in a hard stage, I’ve heard many clients say that meditation helped them.   Just a quick FYI, if you read meditation and mediation, you’re not the only one. Bu...   Read more ...  

There are a few tasks you’ll need to cross off your To-Do list when you’re contemplating divorce. You’ll make considerable headway by scheduling an initial consultation with a Chicago divorce attorney. This first meeting is crucial, so you want to make the most of your time. Your lawyer will be taking the lead on the essential legal requirements, but you’ll need to do your part as well by tackling a few items to prepare for your appointment. 1. Be aware of the issues you’ll address dur...   Read more ...  

During a divorce, your financial future could depend on how you divide assets between you and your spouse. Keep in mind, this is not legal advice. However, dividing assets could affect your upcoming taxes and further effect your retirement accounts as they mature. You might even find your divorce could influence future generations. Here is a brief discussion of three phases of your financial future and the strategies you might take to secure them.   Preparing for the Upcoming Tax Year One o...   Read more ...  

Most couples going through divorce in Illinois realize they need to address asset division, spousal support, and issues regarding minor children. Not many understand the role life insurance plays as part of this process. It may seem strange that a court would require one or both parties to maintain or purchase a life insurance policy, but many judges will order it as part of a final divorce decree – or even while a case is still proceeding. Once you learn the reasons behind such an arrangement...   Read more ...