Blog: Divorce

Dealing with Hidden Assets in Illinois Divorce Cases

Dec 13, 2024

Divorce If you suspect hidden assets in your divorce, understanding your rights and the tools available to uncover the truth can help level the playing field. This guide explores how hidden assets impact Illinois divorce cases and outlines actionable steps you can take to protect your financial future while navigating this difficult time. What Are Hidden Assets and Why Do They Matter in Divorce? Hidden assets are financial resources or property that one spouse deliberately...

The Ultimate Checklist: Preparing for Divorce and Custody Issues in Illinois

Jul 17, 2024

Divorce 1. Understand Illinois Divorce Laws Residency Requirements: Grounds for Divorce: 2. Gather Financial Documents Income Information: Assets and Liabilities: Monthly Expenses: 3. Plan for Child Custody and Support Custody Arrangements: Parenting Plan: Child Support: 4. Protect Your Assets and Interests Prenuptial Agreements: Marital vs. Non-Marital Property: 5. Seek Emotional Support Counseling: Support Groups: 6. Consult with a Skilled Family Law Attorney Legal Guidance: Mediation and Negotiation: Litigation: 7. Prepare for the Future Post-Divorce Budget:...

Top 6 Actions to Take When Facing a High-Conflict Divorce

Jun 17, 2024

Divorce is never easy, but when faced with a high-conflict situation, the process can become overwhelming and emotionally draining. High-conflict divorces are marked by intense disputes, ongoing hostility, and often involve complicated issues like child custody and asset division. Here are the top six actions to take when facing a high-conflict divorce in Illinois. 1. Secure Legal Representation Immediately The first and most crucial step is to secure experienced legal representation. High-conflict divorces often involve...

Navigating Divorce in Illinois: A Comprehensive Guide

Jun 7, 2024

Divorce Understanding the Grounds for Divorce In Illinois, divorces can be granted on both fault and no-fault grounds. However, most divorces in the state are filed on no-fault grounds, which means that the spouses have irreconcilable differences that have led to the breakdown of the marriage. To file for a no-fault divorce, the couple must have been living separately for at least six months. Fault Grounds Although less common, Illinois law also allows for fault-based...

High-Asset Divorce: Navigating Property Division and Spousal Support in Illinois

May 15, 2024

Divorce Inventory All Assets The first step in any high-asset divorce is to create a comprehensive inventory of all assets. This includes both tangible and intangible assets, such as: Real estate properties Investment portfolios Business interests Retirement accounts Intellectual property Luxury items (e.g., cars, boats, jewelry, artwork) Accurately valuing these assets is essential to ensure a fair division. It's advisable to work with financial professionals, appraisers, and accountants to determine the true value of each...