Posts Categorized: Divorce Attorney

Protecting Your Medical Practice During Divorce Proceedings In Illinois

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Divorce can be incredibly complex when one or both spouses own a medical practice. In Illinois, business assets—including medical practices—may be considered marital property, subject to equitable distribution under 750 ILCS 5/503. Whether a practice was established before or during the marriage, its value, ownership structure, and revenue streams can significantly impact the division of assets. Michael C. Craven works closely with his clients to protect their financial interests during divo...   Read more ...  

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The Role Of The Financial Affidavit In Illinois Divorce Proceedings

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A financial affidavit plays a critical role in Illinois divorce proceedings, providing the court and both parties with a comprehensive overview of each spouse’s financial situation. This document ensures transparency in matters such as income, expenses, assets, and debts, which is crucial for determining issues like spousal maintenance, child support, and the division of marital property. The accuracy and honesty of the financial affidavit can significantly impact the outcome of a divorce sett...   Read more ...  

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Does Adultery Have Any Impact On Divorce In Illinois?

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As a divorce attorney practicing in Chicago, I frequently encounter questions from clients about the impact of adultery on divorce proceedings in Illinois. Understanding how infidelity can influence the dissolution of marriage in our state is crucial for anyone navigating this challenging time. Adultery And Illinois Law In Illinois, historically one could seek a divorce for multiple reasons including a spouse’s infidelity. The grounds for divorce transitioned to what is referred to as “n...   Read more ...  

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What To Consider When Telling Your Kids About Divorce

At first, children often struggle to grasp the basic concepts behind divorce. This can make talking about the divorce a frustrating process for everybody involved. Hopefully, these insights will be able to help you increase your chances of having successful conversations. I believe that, with the right strategy, you can help your children move forward through this challenging process.   Before you read on, you should know that what you tell your children could have an influence on the outco...   Read more ...  

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Will my Case go to Trial?

For many people involved with divorce and family law matters, one of the first questions they ask is “Will my case go to trial?” It’s an understandable question since you want to know what to expect. Though providing a definite answer is impossible, you should know there are benefits for avoiding trial through agreement. You have more control over the outcome, so many lawyers will aim for settlement where it properly protects your interests. Although most cases settle, agreement isn’t po...   Read more ...  

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Divorce After 50 and Their Unique Issues

While it is encouraging to know that the overall divorce rate in the US is at a 50-year low, a closer look at the data reveals a shocking trend. Recent US Census Bureau figures indicate that the dissolution of marriage rate is highest among individuals aged 55 to 64, a phenomenon familiarly known as “gray” divorce or “silver splitting.” If you are contemplating divorce after 50, you probably expect certain challenges with asset division and alimony. The length of the marriage, age of the...   Read more ...  

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