Divorce is never easy, but it happens with considerable regularity across marriages at every financial level and within every social group. If you are facing a divorce, you are facing both an emotional journey and a complicated legal concern, which makes working closely with a top Chicago divorce attorney a great place to start.
While your divorce will be as unique as a fingerprint, the terms addressed (as applicable to the circumstances of your divorce) will be the same as those addressed in every other divorce, including:
Your marital assets refer to all those properties and things of value that you and your spouse acquire over the course of your marriage (as offset by your debts). These assets must be divided between you equitably upon divorce, and in this context, equitably means fairly – once the circumstances deemed relevant by the court are factored in. While the separate property that you brought into your marriage with you and kept separate throughout will remain separate, the dividing line between separate and marital property can be difficult to maintain throughout the years of a busy marriage.
Parental responsibilities refer to who will make the important, overarching parenting decisions moving forward, including those related to the following:
Parenting time determines when you have your children and when they will be with their other parent. If you can agree on a schedule between yourselves, you can get as creative as you would like with it, but if the court is required to weigh in, you can expect a standard parenting time schedule.
The calculation of child support is generally straightforward and follows state guidelines. The factors that are generally weighted the heaviest in the calculation process include the number of overnights each of you has with the children and you and your ex’s incomes (relative to one another). Illinois uses the income shares model in calculating child support, which also takes in account how many overnights each party has in regards to a division of parenting time.
Spousal support or maintenance is now a statutory calculation that takes many factors into consideration, including income and duration of the marriage. This issue can often be a contentious issue in divorce cases that can prolong the process in many situations.
If you are either headed toward divorce or are already facing divorce, the top Chicago divorce attorneys at WARD FAMILY LAW recognize the gravity of your situation and are well prepared to skillfully advocate for your case’s most advantageous resolution. To learn more about what we can do to help you, please do not hesitate to contact us today.
Jennifer is a strategic thinker with a remarkable ability to anticipate and address potential challenges. Her attention to detail and thorough preparation were evident in every aspect of my paternity case. This meticulous approach translated into a successful resolution of establishing the father-child relationship and financial responsibility that comes with that. I felt well-represented both inside and outside the zoom courtroom.
I was referred to the firm for their expertise in handling complex business divisions during divorce proceedings. As someone entangled in a high-stakes divorce involving substantial business assets, I can attest to their unparalleled skill, strategic acumen, and unwavering commitment to securing the best possible outcome for their clients. From the business valuation to the creative distribution, thank you.
If you own a business or an interest in a business or stock options (or anything of real value related to a business) then you need to make sure that your divorce attorney knows what they’re doing. My first attorney had no idea and so I had to start over finding the right team that had extensive family law and divorce experience that I needed in Chicago. Their deep understanding of corporate structures, financial statements, and tax implications showcased a level of competence that instilled confidence throughout the entire process. They collaborated seamlessly with financial experts, forensic accountants, and other…
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