Posts By: MICHAEL C CRAVEN

How Illinois Deals With Property Division As An Equitable Distribution State

property division

States have various methods to address property division during a divorce. For example, community property states generally divide the property 50/50, but Illinois does not do this. Instead, Illinois is an equitable distribution state. This means the divorce court decides which spouse gets what based on an equitable standard. Property division issues can be contentious, so talk to Chicago property division lawyer Michael C. Craven for assistance. Illinois Is A No Fault Divorce State Illinois has...   Read more ...  

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Major Goals Of Prenups And Who Benefits From Them

prenuptial

So, you are marrying in Chicago at the Hilton Chicago or The Langham, Chicago. Couples who get married today are up to three times more likely to sign a prenuptial agreement than a decade ago. Prenuptial agreements used to be mainly for the wealthy, but couples in many tax brackets now use them. If you are thinking about a prenup, below is critical information. Questions? Ask a prenuptial agreement lawyer in Chicago at the law office of Michael C. Craven. What Is A Prenup? A prenuptial agreement...   Read more ...  

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Illinois Spousal Maintenance Statutory Guidelines That Apply To The Majority Of People

alimony

If you are getting divorced in Chicago, you may need to get familiar with spousal maintenance, which is more commonly called alimony. This is financial support that you may pay or receive from the other during or after a divorce. Learn more about spousal maintenance statutory guidelines below, then talk to our Chicago spousal maintenance lawyers for assistance. How Spousal Maintenance Is Calculated In Illinois Statutory guidelines for determining spousal maintenance are usually applied when your...   Read more ...  

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Divorce With Difficulties In Discovery With Assets Outside U.S. Or Held In Trust

asset division

Many parts of a divorce can get complicated. For example, dividing property can be contentious. In Illinois, there is an equitable-division law, meaning the assets accumulated during marriage are equitably divided. However, what happens when assets are outside the US or held in trust? If you are dealing with this issue in your divorce, talk to a Chicago asset division attorney at the law office of Michael. C. Craven. Foreign Assets And Properties In A Divorce Married couples have many reasons fo...   Read more ...  

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Illinois Alimony And Maintenance Guidelines Often Do Not Apply

alimony

Of the many issues that crop up during a divorce, alimony and spousal maintenance can be the most contentious. Most parents accept they need to provide child support, but the idea of making payments to their ex in alimony and maintenance is upsetting. Conversely, the spouse seeking support may require it to pay for necessary ongoing living expenses. If you have a question about this complex and contentious subject, Michael C. Craven and the Chicago maintenance lawyers at his firm can help. When ...   Read more ...  

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Spousal Maintenance Guidelines Are Gender Neutral In Illinois

spousal maintenance

In a divorce, there are many questions. Who will get the house? What about child support? Will I need to pay spousal maintenance, also known as alimony? Below are some critical things about divorce and spousal maintenance in Illinois. Have questions about divorce and spousal maintenance? Then, contact Cook County spousal maintenance attorney Michael C. Craven for assistance with your situation. Spousal Maintenance Rules Are Gender Neutral In Illinois, maintenance is the term usually used for ali...   Read more ...  

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