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Posts tagged "High asset divorce"

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.

Get the help you need when divorce questions loom

When a couple decides to file for divorce, or even when one of the spouses in that couple has made the decision, there will be many questions that he or she has about the legal process and how the divorce will affect their lives. "How does this affect my relationship with my children? What will happen during property and asset division? What should I be doing right now to prepare for what will come in the months ahead?"

Divorce advice: what to do and what to avoid

The inherently tumultuous process of going through a divorce means that people are going to emotional and upset during the split, even if they say they are prepared for it. Divorce is simply a tough event in any person's life, and there could be moments within the divorce that test their patience and resolve. So today, we want to talk about some things that you should do while going through a divorce, and some thing that you should avoid.

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