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March 2019 Archives

How to handle cryptocurrency assets in a divorce

Some people in Illinois who are getting a divorce may suspect a spouse of hiding cryptocurrency assets. This can be particularly easy to do if the cryptocurrency is purchased directly and then moved offline. However, penalties for hiding assets in a divorce could include getting fewer marital assets and going to jail for contempt of court.

Changes to spousal maintenance in Illinois

Legal changes over the past years have affected the way spousal support or maintenance is calculated in Illinois. Maintenance, once known as alimony, is a post-divorce payment from one spouse to the other to help provide a financial equalizer, especially when there is a significant earning disparity between the parties. Before 2015, maintenance payments were awarded at the discretion of the court, taking into account a range of factors such as each party's income and property, their respective earning capacities and the length of the marriage.

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Gauthier Family Law
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Vernon Hills, IL 60061

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