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DuPage County Attorneys

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Phone: 630-932-9100

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Subscribe to this list via RSS Blog posts tagged in Illinois divorce lawyers

Illinois divorce attorneysDividing marital property in a divorce can be a complex and contentious matter, especially in Illinois. You see, unlike in other states where property and assets are divided equally, Illinois distributes assets in an equitable (“fair”) manner. Unfortunately, everyone’s version of fair is not the same. As such, the courts have some factors that guide the asset division process. Learn more about them, and what an experienced divorce attorney can do for you, with help from the following information.

What is Included in the Marital Estate?

Before the courts can divide a couple’s assets, the overall value of the marital estate must be determined. Items that are included in this process will typically include any assets acquired during the marriage, but individual assets that were acquired before the marriage may also be included if they were co-mingled with marital funds. Examples of such items may include:

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DuPage County divorce lawyersAlthough there are exceptions, most married couples fall under the same insurance plan. What happens, though, if the couple then goes through a divorce? Is each party then responsible for their own insurance, or is there a way to continue coverage on a spouse’s plan? Are there other alternatives for disadvantaged spouses who may not otherwise have insurance? The following offers some advice on how to manage your insurance plans after divorce, including when and how to find new insurance if you will no longer be covered after divorce.

Health Insurance After Divorce

If you were covered under your spouse’s insurance plan during the marriage, you can attempt to maintain coverage under your spouse’s workplace plan through COBRA. Unfortunately, this is rarely a cost effective method for maintaining insurance; you may be better off paying for private health insurance. Alternatively, you can seek insurance through your own employer, the health insurance plan marketplace, or you can apply for Medicare or Medicaid (depending on your age). Note that your children may still be covered under your spouse’s plan, but you may be required to help cover a portion of it.

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Illinois divorce lawyersDivorce is one of the more traumatizing events that a child can go through, but it does not have to be all bad. In fact, studies have shown that it is often the contention and stress of divorce that causes problems for kids, not necessarily the divorce itself. What does that mean, though, when it comes to your child?

It means that you, the parent, may be able to mitigate against the potentially damaging effects of divorce. All you need is a little know-how, a lot of support, and a willingness to keep your child’s needs front and center throughout the divorce process. The following information provides details on the first element, and it explains where you can find assistance with the rest.

Infants and Divorce

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Illinois divorce attorneysWhile it is no secret that money problems are a major contributor to the divorce rate, few couples recognize that such issues can also complicate the divorce process. Debt and arguments about debt allocation, which often accompany monetarily complex cases, can also contribute to contention. Learn more about protecting your assets and reducing tension in your divorce with help from the following information.

Understanding the Correlation Between Money and Divorce

Many issues can lead to divorce, but research indicates that early arguments over money are the biggest predictor. Part of this is due to the intensity and duration of the fights that typically occur, but experts believe there are other underlying factors. For example, some relationship experts believe that money issues are an indicator of deeper problems, such as trust issues and power in the relationship.

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Illinois divorce lawyersDivorce can bring on a confusing mix of emotions and high levels of stress. Often, this is because couples are not certain of what to expect during the process. Rest assured that, although every divorce is unique, many contain similar aspects. Though complex and different in their application from one divorce to the next, understanding these major and common issues can help reduce the anxiety that you may be feeling and prepare you for the journey ahead.

Division of Marital Assets

Unless you and your spouse developed a comprehensive, well-planned prenuptial agreement, it is likely that you will need to go through the division of marital assets. Despite common misconception, this is not a 50-50 split in Illinois. Instead, Illinois is an equitable distribution state, which means you and your spouse will split your property, assets, and debts in a “fair” manner. What equitable means will vary from one couple to the next, and how each couple determines it will depend greatly on their situation.

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Whether you are going through a divorce, injured in an accident, need to file a workers' compensation claim, charged with a crime, immigrating to the United States, or need to file for bankruptcy, Mevorah Law Offices LLC can help. Our trial lawyers have over 35 years of experience helping clients throughout Northern Illinois from five offices in Lombard, Bloomindale, Joliet, St. Charles, and Chicago.

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