You probably thought you were done with your will once you made it. While this is a common misconception, updating your will is often necessary after a marriage or divorce. When you’re getting married, you likely want to provide for your spouse in your will. Illinois’ estate laws do protect spouses, but you might decide…

If you’re thinking of getting a divorce as a stay-at-home mum or dependent spouse, you’ve probably thought of alimony. Alimony is an amount of money paid by a supporting partner to a dependent partner. These payments may be made continuously or as a lump sum. Usually, you can agree with your spouse, who gets alimony…

Divorce is a life-changing and challenging experience for anyone. But, for a stay-at-home mom, it can be frustrating since you depend on your spouse’s income for support. Therefore, before filing for divorce, it’s vital to plan to be prepared financially and emotionally. First, begin by obtaining all your financial records from credit card statements, tax…

Clients often ask how this process actually operates. While explaining how the mediation process should proceed and discussing all obligations and responsibilities, the attorney’s aim is to maintain a neutral position. All sides are encouraged to start by providing a clear picture of exactly where they stand. Areas of disagreement can then be clarified, and…

A prenup is a written agreement between two couples before marriage that dictates what happens to your assets and income in the event of a divorce. If you have a prenuptial agreement with your spouse, it can make the divorce process less stressful since problems concerning money and assets are outlined. Additionally, it lessens the…

In some cases, you and your spouse can get a divorce without going to court through a process called divorce mediation. This process involves a neutral third party (mediator) who is often a divorce lawyer or a child custody expert. The divorce lawyer helps you and your partner settle any disputes such as asset division…

Full financial disclosure is essential during a divorce to prevent unfair settlements and guarantee equitable property division. While rules vary by state, the court usually requires couples in a divorce to disclose their assets and debts. If you fail to disclose your finances, the court can impose severe penalties on you. For instance, if a…

Custody cases can be difficult and emotional since parents aren’t okay with the fact that they will not see their child every day. However, they are a great way to decide on co-parenting without making your child suffer the effects of a divorce. While a judge usually rules in favor of your child’s best interest,…

A high net worth divorce is one in which the net worth of assets open for liquidation exceeds $1 million. This type of divorce may be common among former couples who founded successful companies during the marriage. High net worth divorces are not like the average marriage dissolution. It is not uncommon for proceedings that…