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Going through a divorce in Illinois is often challenging for formerly married adults. One difficult aspect of divorcing involves your assets. Fortunately, a trust can sometimes offer the asset protection you seek. Placing your assets in a trust One potential way of...
Amid a divorce's emotional turmoil, it's essential to consider pre-divorce asset protection strategies to safeguard your financial well-being. Proactive steps you take before divorce proceedings can help ensure a fair asset distribution in Illinois while minimizing...
The formula used to determine how much noncustodial parents in Chicago and around Illinois should pay to support their children changed in 2017 when the state adopted the income share model. Before 2017, only the noncustodial parent’s income was considered when child...
It's no secret that getting divorced in Chicago can be stressful and emotional, especially when high-value assets are on the line. This is why divorcing couples need to understand how the law works to protect their assets. When it comes to high-asset divorces, art...
Ending a marriage in Chicago can be an emotionally and financially difficult time. With all the legal and financial decisions, taking the necessary steps to protect your assets throughout the divorce process is essential. Before divorce To ensure you are protecting...
If you're considering getting a divorce in Illinois, you'll probably see or hear lots of statistics. One statistic you might not know about comes from a renowned doctor named John Gottman. This doctor claims that four behaviors can predict divorce with 93% accuracy....
If you are an investor, business owner or a high-net-worth individual in Illinois, asset protection is a must. Lawsuits, creditor claims, divorce and other risks can all cause significant financial losses. However, there are strategies available that you can use to...
When couples in Illinois begin the divorce process, they will need to divide their property. Not all property, however, gets divided. Separate assets, usually assets acquired before marriage, will often remain the property of the spouse who acquired it. Marital...
Divorce is a complex and challenging process, financially, mentally and emotionally. During this time, it can be very easy to forget to practice self-care, which is essential for anyone, especially people going through such challenging times. Practicing self-care is...
Your credit report contains information like your past addresses, Social Security number, and financial accounts. It does not include information on your marriage or divorce. However, Illinois residents would still be wise to pay close attention to their credit...