Divorce in America and Illinois remains a complicated subject. Experts often look at trends to get insight on marriages and divorce to see what this says about changing patterns in society. One broad trend is that both marriages and divorces continue to decline in...
Past posts on this blog touched upon the fact that your 401(k) account becomes subject to property division during your divorce proceedings. You might go into your divorce proceedings assuming that the only impact it may have on your retirement is changing the person...
There are many reasons that a married couple may want to opt for a period of separation instead of filing for divorce right off. Couples that are experience difficulties may not be ready to call it quits or may want to see how living apart will affect the situation....
Financial conflict is often a major contributor to marital strife in the first place. When facing divorce, either spouse may have strong emotions about what assets he or she deserves to keep. Unfortunately, whether out of feelings of resentment, animosity or anxiety...
Real estate is one of the trickiest things to deal with in a divorce. One of the main reasons for this is that your contract for a loan on property is something the court cannot undo. In addition, another problem is not understanding how divorce will impact your...
Legislation enacted in 2019 addresses the subject of alimony, called maintenance in Illinois, in a divorce proceeding. The court uses a statutory formula to determine how much maintenance to grant and for what period of time. Major calculation changes Changes in the...
Among the many precious assets that a married couple may need to split up when they get divorced is a retirement account. When sharing one person's employer-sponsored account, such as a 401(k) account, the use of a qualified domestic relations order may help both...
Depending on the particulars of your divorce, you and your current spouse may remain together in your marital home in Illinois during your split. How can the two of you survive the experience and emerge with your sanity intact? Divorce Magazine has several tips that...
The divorce process affects people in various ways, whether you are worried about your ability to maintain a strong relationship with your children or you have concerns about adjusting to daily life after your marriage ends. However, there are various financial...
Your divorce can be such a sensitive process for you that you want as few people as possible to know what is going on in your life. However, your divorce may follow you everywhere you go until it is over, even your workplace. Still, you may be able to deal with your...
