When going through a divorce, wills and estate planning may not be high on your list of matters to address. However, you may wish to make changes to what your ex-spouse will inherit after you pass. When getting a divorce, the decisions you make regarding your will can...
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Divorce
Illinois Marriage and Dissolution of Marriage Act rewritten for 2022
On Behalf of Monika Blacha | Apr 10, 2022 | Divorce
Illinois lawmakers sometimes add and rewrite the divorce and child custody laws included in the Illinois Marriage and Dissolution of Marriage Act to keep up with recent times or to close loopholes that can be exploited. Recently, the law pertaining to requesting child...
Key factors to consider in a gray divorce
On Behalf of Monika Blacha | Feb 28, 2022 | Divorce, Estate Administration
If your marriage breaks apart when you already have grown-up kids or are nearing retirement, there are unique challenges that you will face. There are several important aspects of your life that you should secure. It is also important to make sure your rights are...
Approaching divorce conversations
On Behalf of Monika Blacha | Feb 11, 2022 | Divorce
Moving forward with a divorce can feel like a small step in an overwhelming process. You and your spouse may have been talking about divorce for a while, but now it is time to start sharing the news with your loved ones. It can feel overwhelming when it is time to...
Preparing for divorce when you are a business owner
On Behalf of Monika Blacha | Feb 10, 2022 | Divorce
Divorce can be jarring whether you decide to file first or if your spouse surprises you by taking the lead. You may worry about what will happen to your home, kids, retirement savings, investment portfolio and business. You may particularly wonder what will become of...
How to uncover a testator’s hidden assets as an Illinois executor
On Behalf of Monika Blacha | Feb 9, 2022 | Divorce
Illinois executors have many responsibilities, including taking inventory of a testator's assets. This accounting of a decedent's assets aids an executor in preparing a decedent's final tax return and dividing the testator's assets among their heirs. While many...
The division of marital property retirement plans in divorce proceedings
On Behalf of Monika Blacha | Jan 12, 2022 | Divorce
Retirement plan divisions in the event of a divorce require the identification and valuation of all marital property retirement plans. Deciding the fraction of retirement plans that are marital property is just the first step when an order is constructed for the...
Divorce proceedings where one person is a business owner
On Behalf of Monika Blacha | Jan 10, 2022 | Divorce
Dividing property in most divorces is usually a straightforward process. However, when a business is involved, the task can become extremely complicated. Dividing a business can make the divorce process feel like settling a dispute rather than an emotional/financial...
Tips for navigating a grey divorce
On Behalf of Blacha Law Office, Ltd. | Dec 20, 2021 | Divorce
It's never easy to go through a divorce in Naperville, Illinois, but it might be even harder if you're in your 50s or 60s. The idea of dating again after spending decades with the same person can seem daunting and difficult. Thankfully, it's possible to navigate the...
How to handle high-value collectibles during divorce in Illinois
On Behalf of Monika Blacha | Nov 12, 2021 | Divorce
High-value collectibles are irreplaceable and very difficult to come by. The rarity of the items creates a notion of high value and the owners often acquire them either through auctions or inheritance. Antique items have a higher material value and appreciate with...
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