While a divorce may be in the best interests of all parties, it is rare that either spouse finds it easy to separate. Divorce may only come after many months of effort to reconcile their differences. The realization that the marriage is over can be hard to take. While...
Year: 2022
Divorcing spouses can work together to sell their home
If you’re like many divorcing couples, your home is your most valuable shared asset. Many couples opt to sell it and split the profit so they’ve each got a nice bit of money to start their new lives. In a seller’s market like we’re seeing now, getting a good price...
How is a QDRO calculated?
When dividing a pension plan, a Qualified Domestic Relations Order will often be used. This order specifies that someone other than the employee should benefit from the pension. This person would be the ex-spouse after the divorce. This is a useful tool because it...
Does divorce have to be mutual?
Marriage certainly has to be mutual. Even if you don't have a ceremony in the traditional style, you both have to sign the marriage certificate. There's no way for one person to declare a marriage when the other person doesn't agree. But does the same process apply to...
What makes a high-asset divorce so complex?
A high-asset or "high net worth" divorce basically means that the parties separating have complex assets to divide. One or both parties may have large incomes, have local and international investments, real estate holdings and more. These factors can make a divorce...
Don’t let your divorce turn into a game of hide and seek
Can you remember playing hide and seek as a kid? The onus was very much on the seeker. If the hider hid well enough not to be found, they would win. Some spouses like to play a grown-up version of this when they divorce. They take their assets and hide them, thinking...
3 ways to make co-parenting easier and 3 to make it harder
Few, if any, co-parenting relationships are plain sailing. Even when parents are happily married, they often disagree on things. Disagreeing is fine. It is how you disagree that matters. Talking things over and negotiating your way to a compromise is constructive....
Protecting your online privacy during divorce
Even if you believe that your divorce will be amicable, it’s important to protect your interests. If it turns into a contentious process, that’s even more critical. You never know what kind of information can be used against you. That means protecting your private...
3 issues to check for during a pre-divorce financial review
Illinois divorces can become complicated rather quickly, especially when a divorcing couple has a lot of shared property. Emotions run high, and people who are typically rational and considerate can become aggressive or inflexible. In a high-asset or complex Illinois...
What is the divorce process in Illinois?
As Illinois is a no-fault divorce state, you can just say you have “irreconcilable differences” as the grounds for obtaining a divorce. Neither you nor your spouse has to show any proof that one of you committed some wrong that endangered your marriage. While it...