Category Archives: Equity Division Lawyer
What Is Equity Division In An Illinois Divorce?
Illinois is an equitable division state. Rather than getting a 50/50 split, marital property is divided equitably in a divorce between spouses, or as fairly as possible. The court makes the decision and includes a long list of factors, including the marriage length and earnings of both spouses. Why Unequal Equity Division? While it… Read More »
How Are Retirement Accounts Divided?
A divorce will affect several aspects of your life, including your retirement plan. As the most valuable item a couple can share, the court can order a retirement plan be divided by the divorcing spouses. In Illinois, the monetary value of a retirement account accumulated before a marriage, does not come under the guidelines… Read More »
Equity Division in a Divorce
From child custody to alimony, there are many aspects that may require consideration when a couple is going through an overwhelming and emotionally distressing divorce. One of the critical parts of a divorce is division of marital equity under the Illinois Marriage and Dissolution of Marriage Act. However, it can be extremely challenging to… Read More »