If an Illinois spouse files for divorce, he or she must resolve numerous issues in order to achieve a fair settlement. If the couple in question has children, top priorities will no doubt include child custody issues, as well as child support. Property division is also an important matter, especially if one spouse suspects the other of trying to hide assets to gain the upper hand in proceedings.
Things you don't want to do during or after a divorce
The dissolution of a marriage is an intensely personal, private event. If you have filed a petition for divorce in an Illinois court, your circumstances are no longer 100% private, but it's only natural that you don't want everyone knowing your business. Even so, it's helpful to build a strong network of support from the start, including trusted confidants who will provide emotional support as well as legal advocates who can help you overcome any obstacles that may delay or impede a fair settlement.
Unwed fathers have fathers' rights, too
Most fathers love their children as much as their mothers do. In those cases when fathers aren't with the children's mothers, nor have they ever been married to them, they should know that they do have a number of fathers' rights in Illinois. Unwed fathers need to acquaint themselves with the laws that affect them and their children.
Taxes to consider during a high asset divorce
There is no denying that divorce can impact one's finances, so ensuring that everything goes smoothly during property division is essential. This can be a difficult task in a high asset divorce. For example, taxes associated with certain assets such as retirement accounts and stock holdings can lead to profoundly different outcomes than expected.
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