Divorce over the age of 50 involves a lot more than just ending a marriage. Often called “gray divorce,” it can raise financial and practical issues that are very different from those faced by younger couples. Gray divorces place retirement, healthcare and long-term...
Family Law
Dividing large assets in divorce? Consider the tax impact
Dividing substantial assets during divorce can feel straightforward at first. You list what you own, assign values and work toward a fair split. But as discussions move forward, a new question surfaces: What will these assets actually be worth after taxes? The answer...
How to divide digital assets in an Illinois high-asset divorce
You invested in digital assets during your marriage, watching its value climb over the years. Now that you are facing divorce, you wonder how to split these digital holdings fairly. Their special nature often makes division confusing. Fortunately, you have several...
How to start the prenup conversation
Discussing a prenuptial agreement with your partner can be challenging. Will they think you are already planning for a divorce? Will they start questioning your commitment? A noteworthy percentage of Americans have reported being open to the idea of a prenup, but...
Addressing legal and physical custody in a divorce
If you go through a divorce with children, one of your first goals is likely to be addressing physical custody rights. When will your child live with you after the marriage ends, and when will they live with your ex? In some cases, parents will divide physical custody...
Navigating temporary financial orders in Illinois divorce cases
Divorce does not stop daily life. Bills still arrive. Homes still need care. Children still need support. In high-asset divorce cases, these issues can feel even more stressful because of large incomes, complex investments and expensive lifestyles. In such situations,...
When would a default divorce be used?
In most divorce cases, both partners are involved in the process. The person who files for divorce serves the paperwork to the other person, who then files their own response with the court. The couple can then agree on the terms of the divorce or, in the case of a...
Including your child’s caregiver in your custody schedule
If you and your soon-to-be ex have a nanny or other regular caregiver for your child whom you plan to keep, it’s important to consider how they will fit into your custody schedule and parenting plan. That person can be crucial to helping your child feel like their...
Explaining post-divorce financial changes to kids
Divorce nearly always affects the financial status and standard of living of a couple and their family. Even couples who both earn high incomes have to deal with the reality that living separately is more expensive than living together. For spouses who aren’t equally...
His, hers and ours: 3 reasons to consider a prenup
When couples plan for marriage, they talk about everything from shared finances to family goals. But one topic that still makes many people uneasy is the prenuptial agreement, or “prenup.” Despite its reputation, a prenup is not about expecting a breakup. It is about...
