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Tag: "Asset"

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Using trusts to secure assets in the event of divorce – Written by Joseph M. Lucas & Associates, L.L.C.

Before people in Illinois get married, they can play an active role in managing their assets and properties to protect themselves and their financial future. The manner in which title to property is held can have a dramatic impact on property division when a divorce occurs. As part of this, it is [...]

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Can extra-marital affairs affect divorce proceedings? – Written by Keith Schulefand, The Law Office of Keith B. Schulefand

Given the no-fault nature of most divorces, the issue of blame related to who caused the end of the marriage does not matter from a legal standpoint. However, during divorce proceedings, if one spouse has been unfaithful during the marriage, this information can affect the settlement outcome under certain conditions.
Extra-marital relationships [...]

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Divorce- Playing Fair To Collect Your Share – Written by Stephanie Morrow and Jane Mogilevsky

Although it is difficult, divorce needs to be about preparing for the future, not reliving the past. If you and your spouse are on good terms, consider an uncontested divorce or a collaborative divorce. This can be a much less expensive option than ongoing battles through attorneys. Working together to calculate [...]

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Common Divorce Mistakes… and How to Avoid Them – Written by Mary Stearns-Montgomery, Family Law Attorney

Divorce is, by nature, complicated. You’ve spent years building your marriage and entangling your life with the person you’re sitting across the table from. Untangling your assets (and your emotions) takes time too. A family law attorney spends years studying the intricacies of divorce, which explains why divorce is overwhelming [...]

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