Divorce changes everything, even taxes. If you are preparing to get a divorce, you need to understand how this could affect your finances and taxes. It can be complicated, but is better handled with an experienced attorney. They can help you see the potential tax ramifications and assist in limiting your exposure wherever possible. At…
Your family home matters to you. When you’re headed towards divorce, you may be wondering what happens to that home. The answer depends on what you and your spouse want, the facts of your case, and the factors the court considers in making a decision. Illinois law protects people and guides decision-making about who gets…
Knowing how your assets are handled in an Illinois divorce can be complicated. But what about any inheritances you received? If you were passed down money or property from someone after they passed, that may be considered separate property, and not subject to division in your divorce. Depending on the circumstances, however, it also could…
You’ve worked long and hard for your retirement. Now you’re getting divorced, and wondering if you have to share it with your spouse. During an Illinois divorce, retirement accounts are commonly subject to division, but negotiation or certain exceptions could help protect your retirement. Even where it must be divided, having a knowledgeable attorney handle…
If you own a business and are going through an Illinois divorce, there are several steps you should take to protect your rights. The legal and financial implications for your company can be serious. They can impact upon your agreements with business partners, shareholders, and much more. Valuing your business interest is also especially complicated,…
Dividing all of your debts and assets can seem like a complicated part of your Illinois divorce. You have a lot going on in your life financially, and divorce doesn’t necessarily make it any easier. However, the right legal representation can help you fairly and equitably divide those debts and assets. Illinois law focuses on…
You need a divorce attorney, so now you’re asking: “How do I find the best divorce attorney?” Knowing what to look for matters. You need an attorney with a great deal of experience, good interpersonal skills, and much more. With hundreds of attorneys practicing family law in Illinois, how do you know which one is…
Your home is likely very important to you, even while going through a divorce. Perhaps you both want the house, or can’t agree whether to sell it and move to something different. But who between you will actually get the house? The answer to your question will depend on many different things. Maybe you can…
If it is time to file for divorce in Illinois, you might like to know what your next steps look like. This is a big undertaking, but the process is governed by Illinois law and local court rules. Whether your divorce will be contested or uncontested, there are certain steps you must undertake. Luckily, you…
Spousal support is calculated using a mix of factors and a standardized formula in Illinois. Most cases utilize the same type of standard to help determine what that amount will be. You may be wondering, how does that work? An experienced spousal support attorney can look at your finances, your spouse’s, and help you understand…
