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Divorce Archives

Divorce and SS benefits: a need-to-know for gray divorcees, P.2

In our last post, we began looking at the importance of the 10-year mark for marriage for purposes of Social Security retirement income. As we noted, ex-spouses who have not remarried are able to receive payments based on their former spouse’s record. For older couples who are contemplating divorce, timing may therefore become an issue.

Divorce and SS benefits: a need-to-know for gray divorcees, P.1

As readers may be aware, there has been an increase in recent years in divorce among older Americans. So-called “gray divorce” is not only occurring among those who have been married more than once, but just as much among those who have only been married once.

What is the role of fault in Illinois divorce cases?

Most readers are aware that, while fault used to be an important in divorce factor decades ago, it typically is not a significant factor nowadays. That being said, many states still do allow parties to divorce on fault-based grounds. Until recently, Illinois was among these states.

Does the hyped-by-some Divorce Day even exist in America?

Perhaps you've heard the term Divorce Day, a depiction used for a particular day of the year on which family law offices are allegedly inundated with queries and concerns regarding marital dissolution. Supposedly divorce attorneys in Illinois and nationally are besieged with calls and office visits on that day, to a degree unparalleled on any other day of the year.

Determining when alimony is appropriate in a divorce

There are many people who divorce each year in Illinois. Each one of these divorces is unique because the circumstances of each marriage are different. The number of children people have can vary, the amount of money families earn may vary, the assets they have can vary, and how they live their lives can vary. While the general issues that are present in each divorce are similar, how these issues are dealt will depend on the specifics of the marriage.

Illinois billionaire hedge fund manager finalizes divorce


Many people may be aware that one of the richest people in Illinois, Kenneth Griffin, was going through a divorce. Like many divorces involving wealthy people, there was a lot of media attention to this divorce, which started over a year ago. There were some very public arguments and accusations from both parties in this matter regarding a pre-nuptial agreement signed by the parties.

How does one respond to a divorce petition in Illinois?


Many people in Illinois may be unhappy in their marriage and are considering a divorce. However, divorce is much more complicated than simply wanting the end of a marriage. There are many legal requirements that must be met first. Couples will need to go through property division, make determinations regarding child custody and child support if they have minor children, consider spousal maintenance (alimony) if applicable and many others.

Business owners and divorce in Illinois


There are certain aspects of a divorce in Illinois that are the same for everyone. One is that everyone must either be separated for two years or both spouses must agree to waive that requirement. If they waive the two-year requirement, they still must be separated for at least six months. Another aspect is that everyone will need to divide the marital property. The complexity of the property division can vary greatly.

Dividing unvested stock options and bonuses in a divorce


When people are married in Illinois, it is common for each spouse to have property of their own. However, once the parties are married, any property that is acquired during the marriage is marital property, regardless of which spouse actually obtained the property. When a couple is divorced, they must equitably divide the marital assets. This can be fairly straightforward at times or very complicated in others.

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