Prenuptial agreements are a way for couples to lay out the terms of their divorce before they get married. It's most often used for couples who have significant assets, like money and property, that one or both partners want to protect from being divided up in the...
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Divorce
Don’t be tempted to hide money in a high-asset divorce
On Behalf of Monika Blacha | Oct 18, 2022 | Divorce
In a high-asset divorce, where one or both parties have a large amount of money and assets, it's crucial to be honest about your situation. Staying silent or hiding assets could lead to serious consequences such as criminal charges, significant fines, and even jail...
Spousal support in Illinois: How to terminate or modify your payments
On Behalf of Monika Blacha | Oct 10, 2022 | Divorce
Spousal support payments are court-ordered payments that one spouse makes to the other to help the receiving spouse maintain his or her standard of living until the end of their marriage. In some cases, these payments may be modified or terminated at some point during...
How to qualify and apply for temporary spousal support during divorce
On Behalf of Monika Blacha | Oct 9, 2022 | Divorce
During a divorce, the ideal scenario involves both partners coming to an agreement on how to proceed in a way that is satisfactory to both parties. But if you and your spouse can't reach a mutual agreement, it's up to the court to decide how to divide your assets and...
Divorce or bankruptcy: Which do you file first?
On Behalf of Monika Blacha | Sep 19, 2022 | Divorce
It’s devastating to realize that your marriage is over – but it can be equally devastating to realize that your finances have somehow gotten into a real mess over the last few years. (Indeed, your financial issues may be part of the reason for the divorce, especially...
Ways to combat domestic violence
On Behalf of Monika Blacha | Aug 25, 2022 | Divorce
Domestic violence occurs when one partner in a relationship abuses another partner. The relationship could be between married or unmarried persons, intimate partners, parents of a child in common and children. The most common types of domestic violence acts include...
Issues raised for custodial grandparents in divorce
On Behalf of Monika Blacha | Aug 16, 2022 | Divorce
Many households today are comprised of multiple generations. It's common for seniors to be taking care of their adult children and their grandchildren or their grandchildren alone. In fact, there are over 100,000 grandparents in Illinois taking care of their...
Things you need to consider for a high-asset divorce
On Behalf of Monika Blacha | Aug 10, 2022 | Divorce
A high-asset divorce is also known as high net worth divorce. It typically involves high-value assets such as real estate partnerships and stock options. A high-asset divorce is more about your assets' variety and complexity than your overall value. The following...
Dividing assets in divorce for the self-employed
On Behalf of Monika Blacha | Jul 6, 2022 | Divorce
Many working people are employed in a traditional employer/employee relationship and are issued W2's at the end of the year. However, others work in some form of self-employment, either as their only earned income or to supplement their income from a traditional job....
The basics of a gray divorce
On Behalf of Monika Blacha | Jun 29, 2022 | Divorce
Divorce can be an emotionally draining and financially taxing situation. Even seemingly simple marriage dissolutions can end up being drawn-out legal battles. When the spouses are older or have been married for many years, their legal separation is commonly referred...
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