Divorce will directly affect your financial rights and your finances. While your divorce will be unique to your circumstances, you’re likely to experience one or more of the most common divorce-related financial issues, and better understanding these issues can help. One of the most important steps you can take to help you effectively and efficiently tackle your divorce-related financial concerns is consulting with an experienced Illinois divorce attorney early on in the divorce process.
The fact is that divorce will affect your finances, and it is almost a certainty that they will be affected negatively. If the following two factors apply to you, you can expect your finances to be even more significantly affected by divorce:
If you are a woman who is facing what is known as a gray divorce, addressing the matter of your finances carefully is paramount.
A primary component of your post-divorce financials involves the division of your marital assets, which are those properties and other assets that you acquired over the course of your marriage. In the State of Illinois, these assets must be distributed between you and your divorcing spouse equitably (or fairly given the relevant factors involved) in the event of divorce.
While that property that you own prior to marriage and keep separate throughout your marriage will remain your separate property post-divorce, keeping separate property separate throughout a marriage is more complicated than you may realize. The financial entanglements that make up a marriage help to make the issue of separate property an especially challenging issue.
Those wide-ranging factors that help to guide how marital property will be divided upon divorce include:
Additional financial complications that often accompany divorce include:
The trusted Illinois divorce attorneys at SLG Family Law understand the serious divorce-related financial hurdles you face ahead and are committed to helping you address them head-on – while carefully protecting your financial rights throughout the process. Your case is important, so please don’t wait to contact us for more information about what we can do to help you today.
Attorney Sara Nolan and Mackenzie were truly a God send in my life. They helped me navigate through the divorce process and were extremely knowledgeable. I am so glad I didn't have to go through this divorce process alone. If you are going through a divorce please reach out! You…
A big thank you to Mr. Maurer and his legal team! Not only was his office finally able to settle my divorce, they also saved me money!! From the bottom of my heart thank you for your care and professionalism! Your attention to detail & kindness helped me through a…
Christopher Maurer helped guide me through an emotionally challenging legal process...always answering my (many) questions with careful consideration and good humor. I believe my case resulted in the best possible outcome and I will be sure to contact him should I need counsel in the future.
Chris did a great job listening and educated me throughout the process. He always kept my child's best interest as the focus.
I highly recommend Christopher Maurer to anyone in need of an experienced attorney. Mr. Maurer quickly assessed my situation with a divorce matter. He set forth a direct, clear path to secure my legal entitlements. Mr. Maurer consistently kept me informed during the process. His impressive grasp of the law…
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