Learning how to work with a former partner to raise children can be a challenge for many people in Chicago. With the Illinois Department of Public Health showing that Illinois divorce rates are holding steady at 2.6 divorces per 1,000 people, or 45.6 percent of the marriage rate, this is a common … [...]
Divorce
Common mistakes to avoid when dividing marital property
In June of this year, a new reality show is set to air on televisions across the nation. "Untying the Knot" will feature a mediator who will help divorcing couples divide their marital property instead of leaving the decision up to a court. For those dealing with divorce in Illinois, the reality … [...]
What is Illinois’ equitable distribution law?
Illinois equitable distribution law states that in the case of a divorce, all marital property will be equally distributed. The types of marital property that are considered during these proceedings include homes, cars, bank accounts, furniture and investment accounts. The law describes marital … [...]
Property division: Is it marital or separate property?
Division of property is a concern for most couples going through a divorce in Chicago, Illinois. Many individuals know Illinois law requires a divorcing couple’s assets to be divided fairly and equitably. However, many people may not realize this law only applies to property considered marital … [...]
Changing your auto/home insurance policies in a divorce
Many people preparing for a divorce in Chicago, Illinois, know the separation will affect insurance such as health insurance and life insurance. However, many couples overlook the importance of modifying other insurance policies, such as home and auto insurance, both during divorce proceedings and … [...]
Assets in Lieu of Alimony: What You Need to Know in Illinois
Image Credit: 123RF When a divorcing couple fails to negotiate an asset division settlement and takes the matter to divorce court, they are leaving much of the outcome in the hands of the judge. Illinois state law gives divorce court judges a wide degree of latitude when it comes to splitting … [...]
How Much Does a Divorce Cost?
Financial differences are one of the primary reasons that couples divorce, and money is often at the forefront of a person’s mind when he or she is contemplating divorce. Regardless of whether you are initiating divorce proceedings or whether you have been served with divorce papers, you are … [...]
