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What Is Considered Nonmarital Property in Illinois

What Is Considered Nonmarital Property...

Every divorce is unique to the couple involved, but the division of marital property remains an important component of nearly every divorce. Those assets that you and your spouse acquired over the course of your marriage are generally classified as marital property, which is intended…

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Special Financial Issues in Grey Divorces

Special Financial Issues in Grey Divor...

The overall divorce rate is lower than it has been since the no-fault revolution of the 1970s and 1980s. But among couples over 60, the divorce rate is at an all-time high. As outlined below, these marriage dissolutions have some rather unique financial aspects. The…

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Dividing Personal Belongings in Your Divorce

Dividing Personal Belongings in Your D...

A major component of the divorce process – and one that will directly affect your financial future – is the division of your marital property. Generally, marital property refers to those assets (and debts) that you and your spouse acquired together as a married couple…

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Successful Strategies at the Critical Temporary Hearing

Successful Strategies at the Critical ...

Successful military campaigns require things like ample supplies, high morale, and effective leadership. The initiative, however, might be the most important thing of all. The side that moves aggressively, perhaps by taking the high ground, often prevails.  Similarly, success in a family law case often…

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Top 10 Property Division Factors in Cook County

Top 10 Property Division Factors in Co...

In terms of property division, Illinois is an equitable distribution state. In this context, “equitable” is not always synonymous with “equal.” Judges must divide property in such a way that the divorce is not an unfair burden on either party. To effectuate such a division,…

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