The entire divorce process is mentally and emotionally taxing, but one incredibly challenging piece of it is spousal maintenance, or spousal support (formerly called "alimony.") The purpose of spousal maintenance is to aid the spouse who would face greater economic...
Month: October 2016
Divorce can impact financial status in retirement
On behalf of Butler Giraudo & Meister | Oct 26, 2016 | Uncategorized
The process of getting divorced can understandably take a toll on a person, both emotionally and financially. The financial cost of getting a divorce goes beyond legal fees, however: It can also include having to maintain two homes and watch electricity bills and...
Wise moves can prevent divorce from hurting finances
On behalf of Butler Giraudo & Meister | Oct 24, 2016 | Uncategorized
Going through the divorce process in Illinois can take its toll, both emotionally and financially. Every divorce proceeding is different, as couples have varying financial situations and may require unique custodial arrangements for their children. However, a couple...
What’s new in Illinois spousal maintenance law?
On behalf of Butler Giraudo & Meister | Oct 21, 2016 | Spousal Support
The flow of information each person in Illinois endures on a daily basis is monumental. At times a person may feel like the bears you see in nature shows that stand in rushing white water trying to catch a salmon. Some bears are lucky and get what they're after. Most...
Handling assets an important focus during divorce
On behalf of Butler Giraudo & Meister | Oct 14, 2016 | Uncategorized
Dealing with the process of dissolving a marriage in Illinois can be challenging no matter how wealthy a person is. Unfortunately, amid the emotions that come with getting divorced, many people forget essential aspects when drafting their divorce orders. Some tips may...
Appellate court: $11M in wrongful conviction settlement money is martial property
On behalf of Butler Giraudo & Meister | Oct 14, 2016 | High-Asset Divorce
As we've discussed, the law here in Illinois provides that any property acquired during the course of a marriage is subject to equitable division in the event of a divorce. What this essentially means is that this marital property -- not to be confused with separate...
Reducing joint debt wise during divorce process
On behalf of Butler Giraudo & Meister | Oct 4, 2016 | Uncategorized
Getting divorced in Illinois can understandably make a person feel turned upside down emotionally. However, a person can also feel in limbo financially. Some tips may help people to protect their financial statuses when going through the process of divorce.One...
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