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High Asset Divorce Archives

Mediation: Bringing Calm to an Otherwise Contentious Moment

Divorce mediation is an important element of family law. Not every divorce or issue can or should be addressed in the courtroom. A growing number of people choose to circumvent the courtroom for their most private, personal and difficult dissolution decisions. Mediation is an excellent choice for those who want to find common ground on issues and resolve them without the anxiety and public discord that is often associated with litigation during a divorce.

The Legal Utility of Prenups and Postnups

When you consider that approximately 50 percent of marriages will end in divorce, the discussion around prenuptial agreements and postnuptial agreements can be framed from a very different viewpoint than one might expect. For many years the discussions around pre and post nups were considered socially taboo topics. As a result, many people who were preparing for their big day simply ignored, disregarded or glossed over the prospect of signing a prenuptial agreement.

Divorce is much more difficult without an attorney

Divorce is an emotional time. Splitting spouses will feel a wide range of emotions, and the divorce itself could take months to complete -- meaning you are likely to keep feeling those emotions, and others still, throughout the process. As complex as a divorce can be emotionally, it is just as complex legally. There are a lot of moving parts to a divorce that need to be sorted out appropriately to ensure that you are in a good position when the dust settles.

Track your spousal maintenance after a divorce

Spousal maintenance (or alimony) can play an important role in any divorce. But it is not guaranteed. The state of Illinois looks at many different factors when considering the topic of spousal maintenance, and based on these factors, it will make a decision about whether this form of financial support should be awarded and, if so, for how long and how much.

Testimony continues in asset division of high-profile couple

An Illinois divorce with substantial assets will have a great number of complications that can be difficult to navigate. While most workaday people might have trouble understanding how a high-profile couple and a high asset divorce compares to their situation, there are similarities with any divorce. Examples such as asset division, property and support are topics in dispute with many divorces. In any case, it is imperative to have legal advice from the beginning of the process onward.

Avoid 'this' and do 'that': some tips for divorce

No legal process is ever as simple as it seems. When it comes to divorce, some people may think that ending a marriage should be relatively straightforward task. However, there are often many complications that need to be addressed and numerous issues and disagreements that need to be resolved before the divorce can be completed.

Many effective ways to deal with and complete a divorce

When two people walk down the aisle and say their vows, they are not thinking in the back of their mind about a possible divorce many years in the future. In fact, divorce isn't something that anyone wants to think about. And yet, preparing for such an event is critical. It is why so many couples choose to draft and sign prenuptial agreements, or create postnuptial agreements. These contracts can help a couple deal with a divorce, should one arise.

Illinois guidelines for spousal support are extensive

Spousal support, or alimony, can play a crucial role in a couple's divorce. It is not guaranteed to play a role in every divorce, but when it does, it can really help the spouse that receives the support payments, while also placing an added responsibility on the spouse that has to pay spousal support. In the state of Illinois, there are very specific guidelines that apply to spousal support and how a divorcing couple qualifies for it.

Online divorce companies have limitations

A few months ago, we wrote a post about so-called "do-it-yourself" divorces. This is where splitting spouses don't hire a lawyer and try to figure out their divorce on their own. Usually it ends in calamity and disaster, and it is why most people will suggest that you consult with an experienced legal representative to ensure that your divorce is handled in a legal, compliant and efficient way.

The talk: prenup conversation can benefit couples

Drafting and signing a prenuptial agreement is not a process that comes quickly or lightly. One of the great benefits of the prenup, besides the legal protections it grants to the married couple, is the conversation the spouses have to begin the whole process. They get to talk about important financial topics and other critical factors in their relationship that may not be addressed (at least not fully) had the couple decided to avoid a prenuptial agreement.

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