What factors do Illinois courts consider when determining alimony in high-asset divorces?

In high-asset divorces, Illinois courts consider several factors when determining alimony (spousal support). These include each party's income and property, the standard of living established during the marriage, and each party's earning capacity. Courts also assess the financial needs of both parties, the duration of the marriage, and the age and health of both spouses. Contributions to the marriage, tax consequences, and any prenuptial agreements are also taken into account. Other relevant factors may be considered to ensure a fair and equitable arrangement.

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Navigating Alimony Negotiations in High-Asset Illinois Divorces

Published July 31, 2024

Categorized as Divorce, High Asset Divorce, Spousal Support

Divorce cases are inherently complicated. And this complexity can increase in high-asset/high-net-worth divorces. In such high-net-worth Illinois divorce cases, maintenance, formerly called alimony, often becomes a significant issue that the parties will have to work out or the Court will have to decide. Navigating this process can be overwhelming, but having the right attorneys to assist

Dividing the Family Home in an Illinois Divorce: Key Considerations for High-Net-Worth Couples

Published July 22, 2024

Categorized as Divorce, High Asset Divorce

For many couples, the marital home is the most valuable asset they acquire during their marriage. Besides its financial worth, the home often holds significant emotional value as the place where you raise your family and make memories. Deciding what to do with the family home during a divorce presents one of the most

Dividing Assets in Same-Sex Divorces: What You Need to Know

Published July 15, 2024

Categorized as Divorce, Property Division, Same Sex Divorce

Divorce is challenging for any couple, and same-sex couples face specific legal considerations when it comes to dividing assets. This blog will explore the unique aspects of property division in same-sex divorces in Illinois, ensuring that you are informed and prepared. History of Gay Marriage in IllinoisHistory of Gay Marriage in IllinoisPost Obergefell:

Handling High-Conflict Divorces: Tips for Preserving Your Sanity and Rights

Published July 14, 2024

Categorized as Divorce

Divorce is never easy. It involves ending a significant relationship, dividing assets, and managing daily responsibilities, all while dealing with intense emotions. The difficulty increases when minor children are involved. In many cases, both parties aim to resolve the divorce quickly and with minimal conflict and legal expenses. However, some divorces escalate into high-conflict situations,

How to Safeguard Your Privacy During Divorce: A Practical Guide

Published July 7, 2024

Categorized as Divorce

Deciding to divorce is not ever something that people consider lightly. It is a deeply personal decision private matters like property. For those reasons, many wish to have discretion in their divorce proceedings to keep certain things confidential or private. Depending on the situation, discretion can sometimes be achieved. This guide provides practical steps to

Month: July 2024

Navigating Alimony Negotiations in High-Asset Illinois Divorces

Dividing the Family Home in an Illinois Divorce: Key Considerations for High-Net-Worth Couples

Dividing Assets in Same-Sex Divorces: What You Need to Know

Handling High-Conflict Divorces: Tips for Preserving Your Sanity and Rights

How to Safeguard Your Privacy During Divorce: A Practical Guide

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