Divorce or separation in Illinois often leads you to focus on parenting time, child support and school routines. Even so, tax benefits tied to your children may also affect your financial situation each year. When parenting agreements do not clearly address these...
Divorce
Surprising truths about divorce that could change your perspective
When you think about divorce, your mind likely draws from images you've seen in movies or stories shared by friends and family. These perspectives often paint divorce as a devastating failure or full of dramatic courtroom battles. Your experience will be uniquely your...
What happens to key retirement benefits during divorce?
Retirement is a luxury not afforded to everyone. People have to plan carefully and work consistently throughout their adult lives to afford a comfortable retirement. Married couples often have a better chance of retiring because they can share their income and...
Does moving out during a divorce mean losing one’s home?
Spouses preparing for divorce often have many questions about the future. They worry about how long the divorce may take to finalize and how much the process might cost. They may also aspire to protect certain assets or avoid responsibility for certain financial...
Assessing the value of a business can be a top divorce priority
Spouses preparing for divorce often focus on certain financial issues. Higher-value assets can quickly become sources of conflict in pending divorce proceedings. Spouses may disagree about the most reasonable and fair way to address those assets when they divorce. A...
How couples can split home equity in an Illinois divorce
Divorce in Illinois is the legal process through which those who have previously shared a life together separate their legal and financial circumstances. Property division is typically one of the most challenging components of an Illinois divorce. Spouses often have a...
Can divorced spouses work together at their family business?
Family businesses can help people maintain a relatively robust standard of living. If the company is small, one spouse might initially work there alone, but they may tap into their spouse's skills to support the organization as it grows. It is common for both adults...
Parents with mental health conditions and child custody
Divorce is a challenging journey, especially when children are involved. It is not uncommon for one or both parents to struggle with mental health issues. One out of every five Americans lives with a mental illness. That is a significant portion of the population and...
Understanding the gray divorce phenomenon
The ways that people tend to approach their interpersonal relationships have changed greatly over the years. One notable trend related to this shift is the so-called “gray divorce” phenomenon. The name is a nod to the fact that divorce rates are dropping for folks...
3 ways to address one’s marital home during an Illinois divorce
Negotiating property division matters is a challenge during most Illinois divorces. In general, everyone preparing for divorce wants as much as they can keep from their marital estate, and many people set wholly unrealistic expectations as a result. For example, some...
