High-asset divorces are sometimes more difficult than a traditional divorce, in that the division of property and financial elements is more complex. These can range from bank accounts, business holdings, real estate, retirement accounts and more. Prudent high worth...
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Lake County Illinois Family Law Blog
Can child support continue for a disabled adult child?
Divorcing a spouse can be a concerning time if you have children and you fear losing the income of your soon-to-be ex. Receiving child support could relieve your doubts, but in your case, your child may have a serious disability. Even when your son or daughter becomes...
Why should you use technology to your advantage as a co-parent?
Learning to co-parent with your ex can be a struggle for many people. If you use a lot of technology in other aspects of your life, you may want to consider it with your co-parent. Talking Parents explains co-parenting apps can help parents communicate more...
Caring for your retirement assets after divorce
After divorce, your retirement assets might only be a fraction of what they once were. Considering the lifestyle changes and income influx that may accompany your divorce, guarding your retirement settlement should be a top priority. Knowing how to safeguard and...
What do you have to address in an Illinois parenting plan?
When the romantic relationship between you and your child’s other parent ends, you may need the state of Illinois to allocate parenting time and parental responsibilities on your behalf. When the state hears a parental responsibilities case, it asks each parent...
What should I know about health insurance and divorce?
When you divorce, there is a range of factors you must think about. It is easy to overlook some important aspects. WebMD notes that you want to pay attention to your health insurance situation. Depending on your situation, you may need to shop around for new...
Why many high-asset couples choose an uncontested divorce
If you are like many couples facing divorce, you and your spouse may have a complex shared estate. From real estate and other investments to insurance policies and business holdings, you may have deep concerns about how a judge might distribute your assets. You may...
Preparing For a High-Net Worth Divorce
Today’s skyrocketing property values mean that more couples than ever are falling into the category of “high net worth” or “high asset” divorce. These divorces come with their own unique set of challenges due to the value of marital assets as well as their complexity....
Not All Assets Are Eligible For Division in Divorce
A common misconception is that a divorce will result in “losing half of everything”. That may be true in some states, but not in Illinois, where marital property is subject to equitable division. Equitable division means that all marital property and liabilities are...
Psychological recovery after a divorce
Going through a divorce can take a toll on the psychological and emotional health of couples. Many people still feel the impact of their split years after it happens, especially if their relationship lasted a long time. People that recognize the impact that a divorce...
