I wish I could say that once your spouse said, “Yes. I agree” to a divorce settlement agreement, you actually HAD a firm agreement. The truth is, however, you didn’t. In Illinois, until you (or your lawyers) have written your divorce settlement agreement into a formal legal docum...
Once both parties and their lawyers have agreed to the items specified in the divorce settlement agreement, the divorce agreement may be signed. It may be necessary to go to court and have certain items decided by a judge if the couple cannot agree. Laws then vary from state to state; the...
At-fault and no-fault divorces are the two types of divorce categories. While the former assigns fault for the end of a marriage, the latter doesn’t.
Divorce is costly. The settlement need not be.(Opinion)(Viewpoint essay)Divorce need not entail a fierce battle between partners. Acollaborative approach can produce...By HoffmanDavid A
An experienced divorce lawyer will be familiar with the ins and outs of various approaches to the process and can help you evaluate whether you and your spouse can collaborate effectively and reach a divorce settlement agreement together. Further, your lawyer will keep track of deadlines and ...
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I should be getting some money from my husband's pension after our divorce is finalize. I understand I would have to pay taxes unless I roll it over to an IRA. I do need the money but don't want to pay that much in taxes. If I choose to annuitize the IRA do I still have to...
divorce. This type includes the typical areas of disagreement, property, children, and spousal support. In these cases, both parties are represented by attorneys and take the case to trial in front of a judge. The judge oversees the case until it reaches settlement, often ...
may be subject to division during a divorce. Even though IRAs belong to each individual when the couple is together, the value of the spousal IRA may be divided between the spouses as part of the property settlement agreement. Again, this may be subject to specific criteria for each divorce...
It’s prudent to reevaluate your life insurance needs annually or after significant life events, such as divorce, marriage, the birth or adoption of a child, or major purchases such as a house. You may need to update the policy’s beneficiaries, increase your coverage, or even reduce your...