High-asset Divorce

Divorce affects more than just your romantic relationship. It also has significant implications for many other aspects of your life, including your children, finances and mental health. Figuring out to move on in all areas can be difficult. Here are some tips to help...

When you get a divorce, the court will expect you to divide everything in your marriage between the two of you. Everything includes all property, assets and liabilities. The Illinois General Assembly explains the law sees debt as any other type of property. For this...

When you’re a stay-at-home spouse without an income or resources of your own, the idea of getting a divorce can be particularly scary. You may feel financially restricted in your marriage because of your lack of income or you may feel frightened that your spouse’s...

There are two types of divorces in Illinois: contested and uncontested divorce. A divorce is considered “contested “when both parties cannot come to an agreement on at least one issue such as property division, child support or child custody. Qualifications for an...

Getting a divorce in Illinois is often an expensive and time-consuming process. Spouses considering divorce will often carefully review their circumstances to find out if there's a way to limit what their spouse receives in the divorce or what expenses they will incur...

The way that you split up your shared or marital assets is often one of the more contentious aspects of an Illinois divorce. Couples often suspect divorce will occur for some time before either spouse actually files the petition. During that intermediary time, it is...

If you and your spouse have amassed considerable assets before you decided to end your marriage, you’re probably headed toward what’s called a “high-asset” divorce. That means that you’ve got a lot more at stake financially than the average divorcing couple. Even...

National Family Solutions offers tips for living with your soon-to-be-ex during or after your divorce. Have a conversation with your children Use your children’s age and level of maturity to decide when and how to discuss the living situation in the household. Using...

In Illinois, it is possible for your 401(K) to be subject to an equitable division. The court makes the decision on how the 401(K) is divided among both spouses after divorce. Understanding the Role of a Qualified Domestic Relations Order During property division...