Monthly Archives: September 2019
Equity Division of Assets during a Divorce
During a divorce, a couple’s house is usually the most expensive financial asset that needs careful division. Like sharing responsibilities in child custody, equity division of a house – or other financial asset, is also an important part of the divorce agreement. The way equity division happens and what assets can be divided are… Read More »
Determining Spousal Maintenance in a Divorce
During divorce proceedings, spousal maintenance collections are determined under the Illinois Marriage and Dissolution of Marriage Act (IMDMA). Although they are determined at the very end of the proceedings, they are a critical component if a spouse also holds legal or physical child custody. Under state law, spousal maintenance is calculated based upon the… Read More »