Property division is vital in a divorce process. In Illinois, any property acquired during a marriage and before the official judgment of separation is considered marital property. Thus, it's subject to division. Illinois is an equitable distribution state. This means...
Property division is an integral part of a divorce, and Illinois is an equitable division state. This means that marital property is divided equitably, not necessarily 50/50. In most cases, the court will distribute assets based on a party's needs. Here are three tips...
Couples share bank accounts, houses and even credit card bills with one another during marriage, which means they have to share them in a divorce. Splitting your property and your debts can be a real challenge at the end of a marriage. In Illinois, much of what you...
Your family home may be where you have lived for decades. You may have raised your children there and invested hours every year in the careful creation of a large perennial garden. Real estate in Illinois can be incredibly valuable, which can make your home a point of...
Most of your property is vulnerable when you divorce in Illinois. All of your shared property and even income earned during the marriage may be subject to division. You and your spouse will also have to divide most of your debts with one another. Sometimes, an item...
When two people fall in love and tie the knot, they hope to be together, in love and happiness “till death do them part.” However, this is far from reality. With a divorce rate in the U.S as high as 50 percent, it is important to embrace the reality that your marriage...
Asset division can be one of the most problematic concerns in a divorce. Your spouse may go to great lengths to ensure you do not get your fair share. One way they may do this is by hiding assets from you and the court. A judge can only give you a share of what they...
Marriage is often referred to as “tying the knot,” and untying that knot can be very tricky when the marriage is headed for a divorce. One of the most contested matters during the divorce is usually the division of the marital property. Most states apply “community...
When a couple decides that divorce is the best solution for their future, they often struggle through the process of asset and debt division. The family home likely represents the single biggest financial piece of their overall puzzle with retirement funds, a private...
When you're getting a divorce, there are two things you need to know to get a fair split of the marital assets: What they are and what they are worth. Pushing for fairness absolutely requires understanding the value of the property you share. There are at least three...
