Butler Giraudo & Meister
Peoria 309-407-3332
Morton 309-263-1204

December 2019 Archives

Protect your 401(k) during divorce

Creating a financially secure retirement takes much more than just tucking away a bit of money for a few years. Adults in Illinois spend decades growing their retirement accounts through both personal and employer contributions. The idea of compromising those savings might feel out of the question, but it is an unavoidable issue during divorce. Here are a few things one might expect when dividing a 401(k) account.

Why am I thinking about divorce during the holidays?

The holiday season is the happiest time of year for many people, but for others it represents a struggle more than anything else. Social pressure and expectations place a tremendous amount of pressure on couples who are already struggling to find happiness in their marriages. This is one of the reasons why the number of people filing for divorce drastically increases during the first month of the year.

Financial support can relieve women's financial burden in divorce

Men and women alike face unique challenges during divorce, but a report indicates that many women in Illinois face more burdens than their exes. This is not the result of just one factor but of many, ranging from finances to child custody. Although financial support such as alimony might help relieve some of this burden, it is not necessarily enough.

What can a prenuptial agreement protect in a high asset divorce?

Prenuptial agreements are powerful planning tools for protecting wealth. Significant assets may be on the line during a high asset divorce, including property interests, retirement plans and more. A high-profile couple in Illinois can avoid dealing with complex asset division during divorce by addressing the matter prior to marriage.

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  • Thank you so much for your hard work and expertise. I feel as a father in the state of Illinois that what I am trying to achieve is nearly impossible. I am so glad I chose to have your office full of extremely intelligent women represent me.

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  • I just wanted to say thank you from the bottom of my heart for all your time, energy, and efforts you put into our case. Thank you for helping make our son's quality of life better. I cannot tell you how happy we are!

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Morton Office
100 S. Main Street
Morton, IL 61550

Toll Free: 888-314-9667
Phone: 309-263-1204
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Peoria Office
110 SW Jefferson Street
Suite 410
Peoria, IL 61602

Toll Free: 888-314-9667
Phone: 309-407-3332
Peoria Law Office Map

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