While every divorce is unique, high-asset divorces bring a specific set of challenges. They often involve complex financial holdings like pensions, retirement accounts, and business ownership. These issues can create significant hurdles, whether children are involved or not. For high-income earners or those with substantial assets, navigating these complexities requires careful planning to ensure
Continue Reading »In Illinois, pension division in divorce follows equitable distribution rules. These rules aim to divide marital assets fairly but not necessarily equally. The portion of a pension earned during the marriage—called the marital portion—is treated as marital property. Courts typically award the non-earning spouse a share of these benefits. Illinois courts will look at several factors
Continue Reading »There are so many things to worry about in a divorce case, that you might put taxes at the bottom of your list, or not think of them at all. However, tax implications should be factored into all settlement negotiations. Consulting a tax professional early on can help you understand how divorce will change your
Continue Reading »Witnesses play a pivotal role in determining the outcome of divorce case in Illinois. Whether you’re dealing with financial disputes or parenting issues, having the right witnesses and a well-prepared witness list can make or break your case. In this post, we’ll explain what a witness list is, why it matters, and how to choose
Continue Reading »If you know someone who has gone through a divorce in the Chicago area, you’ve likely heard about the emotional, psychological, and financial costs involved. Divorce is rarely inexpensive, and the cost of hiring a divorce lawyer can vary significantly based on factors like case complexity, the attorney’s experience, and the fee structure. So, how
Continue Reading »Divorce can be a financially challenging process, especially when one spouse is left bearing most of the legal costs. In Illinois, the court has the authority to order one spouse to pay the other’s attorney fees in specific situations. These court-ordered fees aim to ensure fairness and provide financial relief when one spouse has a
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