Posts By: MICHAEL C CRAVEN

Prenuptial Agreements Are Often Present In Illinois Divorce Cases

prenuptial

Couples who marry today are more than three times more likely to have a prenuptial agreement than a decade ago. People understand that a prenuptial agreement is not just for people with high incomes and extensive property holdings. Couples in every income bracket use prenups to help with property division in divorce. If you have questions about a prenuptial agreement, talk to our Chicago prenuptial agreement attorney Michael C. Craven. Prenuptial Agreement Overview A prenup in Illinois is a lega...   Read more ...  

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4 Main Areas Used To Decide Child Custody in Illinois

child custody

Child custody is one of the most challenging issues in a divorce. When the court addresses child custody, it will consider how major parenting decisions involve education, healthcare, extracurricular activities, and religion. It also will decide how much parenting time each partner receives. If you have questions after reading this article, Chicago child custody lawyer Michael C. Craven can help you with child custody issues. The Old Illinois Child Custody Law Previously, child custody law in Il...   Read more ...  

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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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