Posts Categorized: Divorce Lawyer

How To Uncover Hidden Assets in Your Divorce

During a divorce, there are many ways you could find assets your spouse might be hiding. All methods fall into a few categories to investigate either independently – or get the court involved. Your divorce may have you following a variety of strategies. Please keep in mind, this is only a general discussion, not specific legal advice. Gathering Evidence Independently You should start as soon as possible when you are looking for assets independent of a court order. If you do not know exactl...   Read more ...  

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How High Net Worth Divorce Cases are Different

high net worth

Whatever the reason for your divorce, most breakups follow the same legal process in Illinois. First, one spouse files the divorce petition, then there is a discovery and negotiation phase. Then, a settlement is entered in the divorce court as a final decree of divorce. Divorces are almost always painful and difficult experiences for married couples. However, divorce can be even more challenging when there is a lot of money involved. There are considerable differences when divorce involves peopl...   Read more ...  

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Avoiding Financial Pitfalls In a Divorce

financial pitfalls

Divorce is a word that seldom brings a sense of happiness or joy. In fact, divorce can be the low point of people’s lives and can be extremely challenging both emotionally and logistically. For many divorcees, their focus lies solely on the emotional part, and they spend little to no time considering the financial effects. Those effects can be devastating and must be carefully considered before agreeing to any divorce arrangement. There are numerous issues to consider when thinking about divor...   Read more ...  

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Is My Ex-Spouse Responsible For Paying Our Child’s College Education?

college expenses

If you are divorced or going through a divorce in Illinois, you might be surprised to discover that the law can compel both parents to fund their child’s college education. This strikes many as strange because there is no legal mechanism for a married parent to force their spouse to pay for college expenses, but that is what the Illinois Marriage and Dissolution of Marriage Act states. Learn more about this critical divorce topic below, and contact our divorce lawyer in Chicago Michael C. Crav...   Read more ...  

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Why High Net Worth Divorce Can Be Costly And Time-Consuming

high net worth divorce

Any divorce can be painful, but a high-net-worth divorce can be more costly and time-consuming. Below are common reasons why. If you have high net worth and are considering divorce, speak to our divorce lawyers in Chicago at the office of Michael C. Craven. More Assets To Divide Marital property must be divided equitably during an Illinois divorce, which may or may not be 50/50. When you and/or your spouse have a lot of assets and income, it often takes longer to identify, characterize and value...   Read more ...  

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Does My Spouse Have To Agree To Divorce In Illinois?

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Deciding to get a divorce is never easy, but it can be more difficult if one party does not want to get divorced. Learn more about getting divorced in Illinois in this blog post, then our divorce lawyer in Chicago Michael C. Craven can answer any detailed questions you may have. Illinois Is A No-Fault Divorce State The first thing to understand is that Illinois is a no-fault divorce state. This means that the court does not require you to prove that the other party did anything untoward, such as...   Read more ...  

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