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What to Know Before Filing for a Gray Divorce

What to Know Before Filing for a Gray ...

Although the overall divorce rate is still high, it has declined significantly in recent years. The over-50 divorce rate has trended the opposite way. Marriage dissolution matters in this age range haveĀ doubledĀ over the last two decades. All divorces usually involve significant emotional and financial issues.…

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What is Considered Marital Property in Illinois?

What is Considered Marital Property in...

The marital property rule in the Prairie State, which is found in Section 503 of the Marriage and Dissolution of Marriage Act, is relatively straightforward. With a few exceptions, assets or debts acquired during the marriage are marital property. Everything else is non-marital property. However,…

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Understanding How Assets are Divided in a High Asset Divorce

Understanding How Assets are Divided i...

Many people do not know that the parties themselves have almost exclusive control over issues like property division in a high-asset divorce. Roughly 95% of divorce cases settle out of court. Judges usually encourage these settlements for various reasons. So, they usually approve almost any…

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Understanding Asset Division: Is it Always 50/50?

Understanding Asset Division: Is it Al...

Divorce involves many legal issues. One of the most significant and controversial in many divorces is that of property division. Upon entering into a marriage, you bring your assets and property; your spouse brings theirs. Then you begin to acquire more together as a married…

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Challenges You May Encounter During A High Asset Divorce

Challenges You May Encounter During A ...

Every divorce is unique. However, a high-asset divorce can present unique challenges that other divorces don't. In a high-asset divorce, there is a lot on the line. One simple mistake, such as an incorrect valuation or missing an asset, can impact your life for countless…

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Tips for Couples Getting Divorced in Illinois

Tips for Couples Getting Divorced in I...

Maybe you saw it coming, were the one to initiate it, or were utterly blindsided by your divorce. No matter how it came to fruition, it's not easy. It's the end of something you once believed was permanent, which can conjure many emotions. Couple these…

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