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Posts tagged "property division"

Dividing retirement accounts in an Illinois divorce


As one goes through a divorce in Illinois, there are many issues to discuss as the couple separates their lives. These issues include child custody, visitation, child support, spousal maintenance and property division. Each one of these issues can be very complicated and take some time to resolve. It all depends on the circumstances of each divorce and each issue is very fact specific.

Agreements for settlement of divorces in Illinois


Divorce can happen for many reasons, either because the parties fell out of love or generally do not see eye to eye on various issues. That is partly what makes the divorce process emotional and sometimes difficult or contentious. There are many issues that need to be resolved during an Illinois divorce, and therefore there are plenty of issues to disagree about.

Dividing a business during a divorce in Illinois


Every divorce in Illinois can have its complications. From time to time a couple can divorce with few disputes, but generally there are disagreements as to how to handle the various aspects of the divorce. These aspects can include child custody, parenting time, child support, alimony and property division. Each of these issues are present in many divorces and each can bring about their own unique complications.

How is marital property divided in a divorce in Illinois?


There are many issues that must be resolved in any divorce in Illinois. The big issues are child custody, child support, alimony and property division, which includes dividing up all of the couple's assets. When a couple is dividing assets there are two major steps. The first step in this process is determining what is marital property. After that determination has been made, the next step is dividing the assets between the two spouses.

What is marital and non-marital property in Illinois?


When two people get married, they start to share their lives with each other. If they should happen to get a divorce, they will also have to divide what they had been sharing. This can cause some disputes if both spouses want a certain piece of property or if one spouse has to give a significant portion of a bank or retirement account to the other spouse. However, under Illinois law, the couple must have an equitable division of the marital property. So, it is important to understand what is considered marital property in Illinois.

Divorce parties are becoming increasingly popular in Illinois


Over the years more and more people have decided to get divorced in Illinois. The divorce rate has increased significantly over the last 50 years and the process has now become quite common. Most states now have no-fault divorces, meaning that a person does not have to have a reason to get divorced beyond the fact that they no longer get along with each other. In fact, only one of the spouses can want the divorce in order for one to be granted. As divorce has become more common, the perception surrounding it has also changed.

Property Division in Divorce: What belongs to whom?

As a couple goes through the divorce process, one of most important tasks (on the legal end) is splitting up the property. A judge will decide who receives which belongings, and what portion they will receive. Your divorce attorney will be able to advocate on your behalf, but educating oneself on the terminology surrounding division of marital property is important for anyone obtaining a divorce.

Trace Adkins' wife files for divorce from the country star


Country music fans in Illinois may be surprised to learn that Trace Adkins is getting divorced. The country music star's wife recently filed for divorce. The couple was married for 16 years and have three children ranging from 16 to nine-years-old. Adkins' wife is seeking primary custody, spousal maintenance and child support. It is unclear the specific reason for the couple's split, but Adkins had recently started rehab after 12 years of sobriety.

Singers Captain and Tennille file for divorce


Fans of Captain and Tennille in Illinois may be surprised to learn that the couple has filed for divorce. The singers have been married for 39 years. They married in 1975, which was the year that their first album was released. The singers' most popular songs were "Love Will Keep Us Together" and "Muskrat Love." The duo released a new album in 2013, but apparently the love is no longer keeping them together.

Clint Eastwood fighting spousal support and child custody demands


More and more marriages in Illinois are ending in divorce. There are many reasons for the increase, but despite the numbers going up, divorces can still be very complicated. Emotions generally run high during a divorce and can cloud a reasonable person's judgment. Many times the couple no longer sees a reason to cooperate and just wants what they think they deserve. There are many issues that need to be resolved in a divorce, and, therefore, there can also be many disputes.

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