For most couples, their house is the most valuable asset they own. So, when they divorce, what happens to the house? How can you be sure what the house is worth? Regardless if one of the parties chooses to stay in the house, an accurate valuation must be done before...
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Divorce
Protecting your assets during a gray divorce
On Behalf of Monika Blacha | Apr 6, 2023 | Divorce
Known as gray divorces, incidents of couples over 50 divorcing are on the rise. There are several reasons for the increasing number of older adults who choose to divorce, ranging from empty nest syndrome to simply growing apart over the years. Since people are living...
Top 5 causes of divorce
On Behalf of Monika Blacha | Apr 6, 2023 | Divorce
Even divorces that are considered amicable bring about a significant amount of stress. In a recent small-scale study referenced in the National Library of Medicine, 52 divorced individuals shared their experiences. The results of this report reflect the reality for...
Is a joint dissolution of marriage the same as a divorce?
On Behalf of Monika Blacha | Apr 5, 2023 | Divorce, Uncontested Divorce
A joint simplified dissolution of marriage is similar to an uncontested divorce, where both spouses must agree on everything. When completed, they both serve to permanently dissolve the marriage. However, a joint simplified dissolution of marriage has forms that are...
Do I need a prenuptial agreement?
On Behalf of Monika Blacha | Mar 20, 2023 | Divorce
Getting married is a life-changing decision that understandably brings a range of emotions and even new responsibilities. While the focus should be on the love between you and your partner, it is important to consider practical matters such as prenuptial agreements....
Helping children adjust to your divorce
On Behalf of Monika Blacha | Feb 28, 2023 | Divorce
One of the most important things for children who have parents going through a divorce is to ensure that they have a solid foundation. By showing them that you’re a parenting team when the split happens, you’re helping them to feel more secure. There are many ways...
Terminating or modifying spousal support in Illinois
On Behalf of Monika Blacha | Feb 17, 2023 | Divorce
The goal of providing spousal support or alimony to a spouse following a divorce is to allow that party to achieve financial independence. It is not unusual for circumstances to occur that change the financial landscape for one or both parties. If you have experienced...
Who gets to keep the house during a divorce?
On Behalf of Monika Blacha | Feb 17, 2023 | Divorce
In many cases, divorcing couples will agree on who continues living in the marital home. But sometimes, when there is no consensus, the court will step in and make the decision. Illinois is an equitable distribution state, which means that a judge will make a decision...
The exemption of high-asset divorce in the Illinois Marriage and Dissolution of Marriage Act
On Behalf of Monika Blacha | Jan 20, 2023 | Divorce
Spousal maintenance is financial support that one spouse may be required to pay to the other during a divorce or following a legal separation. In 2015, the Illinois Marriage and Dissolution of Marriage Act added a clause that laid out a specific equation for...
What happens to my inheritance if I get a divorce?
On Behalf of Monika Blacha | Jan 19, 2023 | Divorce
Illinois is an equitable distribution state. This term is a part of divorce law where the court determines the distribution of assets based on equity; however, this doesn't necessarily mean that all assets acquired during the marriage are divided equally between the...
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