Heading toward divorce? High-asset couples need to consider these issues
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 though this is an emotional time, you don’t want to let your emotions […]
What do you know about living with you ex during divorce?
National Family Solutions offers tips for living with your soon-to-be-ex during or after your divorce. You may have little choice but to continue living under the same roof as your soon-to-be-ex-spouse. With the right foundation and insight, you can make it work.
How is a 401(k) handled during a divorce?
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 proceedings, the court typically issues a Qualified Domestic Relations Order. This order […]
What are the steps in dissolution?
A dissolution is another term for “divorce.” According to the Illinois State Bar Association, the start of a dissolution is when the parties file a divorce petition. One must file for divorce in the county which he/she resides in or the county in which their spouse resides. Illinois’s divorce law is governed by a “no-fault […]
Splitting up? You can seek spousal maintenance (alimony)
There are a variety of different factors that play a role in seeking spousal maintenance. One common factor that we see at Denis M. Gravel & Associates, P.C., is being a stay-at-home-parent. Of course, being a stay-at-home-parent has its advantages by saving the family money when it comes to daycare or babysitting. Now, at 41, […]
Maintenance: What are the types?
Maintenance: What are the types? During a divorce, it may be determined that one spouse is entitled to maintenance, formerly known as alimony or spousal support. . In Illinois, there are a number of factors to determine if maintenance is even applicable in your case. If maintenance is applicable, the court will consider a number […]