The law makes a presumption that property accumulated during the marriage is marital property.  It is important to be aware what exceptions to this “marital”  designation  exist.   As Illinois is an equitable property State. the Court should take into consideration many facts in making a decision as to how the marital property is divided and whether a spouse requires additional payments of support for a temporary or permanent period.  A divorce sought after a short term marriage is usually much less complicated than one that is long term.   A younger spouse with young children at home has different needs than a fifty-something empty nester looking forward to retirement. The length of the marriage, the non-marital assets of each party and the income earning capacity of each party are important components.  A successful breadwinner married to an educated person who has not worked in thirty years can expect to pay support if the spouse does not have substantial income or assets of their own.  As each client’s requirements are unique, we customize our strategies to fit each individual’s needs and expectations.  Sometimes it is necessary to hire expert witnesses to value certain assets.  We can work with your professionals or make recommendations as you desire.

Distribution of Assets

Let’s say that fifty/fifty is just a starting point.  There are serious long-term financial ramifications in any divorce. Sound judgment requires you not underestimate the stress of an uncertain financial future.  As you will most likely have much to consider when determining the best way to split your assets in a divorce, consultation with an...

High Net Worth Divorce

The process of divorce is considered challenging no matter what your status is in society. Arguably the most important relationship in your life is ending and the fact that such an event is difficult is no surprise. However, divorces involving significant wealth, property or other assets are usually more complicated than those that do not...

Modification and Enforcement of Final Court Orders

Once your divorce is over, you would hope that it is “forever” over.  Not always. Occasionally, parties agree to provisions providing for periodic updates or one party fails to do what was agreed upon.  If your spouse has not complied with his or her agreement as provided in your Marital Settlement Agreement, you may wish...

Over 50 and Divorcing in Illinois?

Silver Divorce is On the Rise A later life Divorce,  “Silver Divorce” as it’s often called in the media, is on the rise in America. We’ve all heard about Tipper and Al Gore, Susan Sarandon and Tim Robbins; and Michael Douglas and Catherine Zeta Jones. Clients seeking divorces after a long marriage face different issues...