When you divorce your Illinois spouse, it is going to impact your finances. A divorce has the capacity to impact everything from how much you have saved for retirement to how you file and pay taxes, so the more you are able to get ahead of things and understand these...
When going through divorce, it is important to understand what can impact how the divorce itself proceeds. Assets, for example, make up a big portion of the cause behind arguments throughout divorce. But in what way? Do high assets equal more arguments? The Business...
Getting a divorce in Illinois begins with a court filing that tells the judge the marriage is no longer working, and it ends when you and your spouse resolve certain aspects of the divorce process. While each divorce is unique, the issues that the court requires you...
Asset division is one of the most difficult parts of divorce for many couples. To that end, how do assets even end up divided? They often fall into two categories: community and separate property. But what are these categories, and what do they mean for a divorcing...
If you use social media, you are in good company. After all, according to Pew, as many as 81% of Americans regularly use at least one social media platform. While posting to social media is usually harmless, it also can complicate your divorce. Before you log onto...
Illinois divorce courts generally divide marital assets fairly. Any debt accumulated during marriage also classifies as part of your marital estate. You may, however, use your marital assets to pay your shared debts and then divide the proceeds. If you have shared or...
Following a divorce, children sometimes struggle with the new dynamic. While you and your ex work out what you believe is in the best interests of your children, your kids may have ideas or preferences of their own. How should you react if your child asks to spend...
An estate planning tool that has been available in other states for decades has finally come to Illinois. Since the beginning of this year, you can use a transfer on death instrument (TODI) to pass on any piece of real estate you own to your loved ones upon your...
Are you and your spouse candidates for a gray divorce? An article in Kiplinger says you are if the two of you are 50 years old or older and/or if your marriage has lasted at least 20 years. You are not alone. While gray divorces comprised only about 10% of U.S....
