This is the second post in the governmental shutdown series. A federal government shutdown disrupts more than paychecks. It creates anxiety for families trying to keep their routines and financial obligations on track. For parents in Illinois, especially for those of us living near Scott Air Force Base, those in the middle of a divorce […]
When couples prepare for marriage, discussions about finances and future plans often take a backseat to more romantic considerations. However, creating a prenuptial agreement (or “prenup”) can be a practical and forward-thinking way to protect both parties’ interests. Prenuptial agreements play a specific role in Illinois divorces, primarily addressing financial matters and property division. […]
Imagine this: You’re facing divorce. Emotions are running high. You and your spouse can’t seem to have a civil conversation, and every attempt to discuss the future turns into a heated argument. You’re feeling hurt, angry, and perhaps even seeking a sense of “justice” or “revenge.” In this state of mind, the idea of hiring […]
You might think that the bank account held solely in your name is yours and yours alone, especially if you’ve maintained it separately from any joint accounts. However, in the context of an Illinois divorce, that assumption is usually incorrect. Your separate bank account is still probably part of your marital estate. How the […]
Divorce involves dividing assets, and retirement accounts frequently fall into this category. Determining how to fairly allocate these accounts in Illinois requires careful attention to state law and federal regulations. This post will explain how retirement accounts are typically handled in Illinois divorce cases and the importance of obtaining proper legal counsel to protect your […]
The family home often holds significant emotional and financial value, making its division one of the most challenging aspects of divorce. In Illinois, several strategies can be employed to address this issue, each with its own set of considerations. Understanding these options and how they align with different divorce approaches is essential for reaching a […]
Divorce involves many complexities, and one of the most fundamental is the division of assets and debts. In Illinois, achieving a fair and equitable outcome depends heavily on financial transparency. This means both spouses must be open and honest about their income, assets, debts, and expenses. What Is Financial Transparency? Financial transparency in divorce […]
Divorce inevitably involves untangling your finances, and being organized from the outset can save you time, stress, and potential disputes. Gathering your financial information is a crucial first step, whether you’re pursuing an uncontested, negotiated, or collaborative divorce. This divorce financial checklist will guide you through the process of collecting the necessary documents for your […]
Divorce can be messy, especially when it comes to dividing your belongings. You might think splitting everything down the middle is the “fairest” solution or that you deserve more than your soon-to-be-ex, but Illinois law takes a different approach. The courts apply the concept of equity when dividing property in an Illinois divorce. So, […]
Going through a divorce is stressful enough, let alone worrying about hefty legal fees. At Flat Fee Divorce Solutions, I understand the financial challenges that come with separation. That’s why I offer affordable flat-fee pricing for uncontested cases. However, even with flat fees, navigating your divorce’s financial side can be daunting and sometimes you have […]
