Category: Divorce

Divorcing a narcissist, and coming out on top, requires a deep understanding of this disorder and tenacity to avoid falling victim to the narcissist's tactics. While this process is not easy, coming out victorious in the proceedings is possible. Individuals must learn how to negotiate and how to protect their finances in these cases.

Divorcing couples have multiple options to divide the family business and its assets, so each party must weigh their needs and intentions to decide the best course of action. Divorce lawyers often help their clients with this process, giving them insight into the best way to tackle this challenging problem. Here are three options people can consider when deciding how to divide a family business.

When entering a divorce in Illinois, every aspect of a person's life may be at risk, and their retirement savings are not immune to the proceedings. Individuals facing divorce need to understand this risk and what they can do to lessen their impact. As they work with a high net worth divorce lawyer, they must consider the impact of their decisions on their retirement plans.

Attorneys across the globe expect a wave of divorce filings when the COVID-19 restrictions lift and life returns to normal, but struggling couples can take measures now to reduce the strain on their marriages. The combination of the stress of quarantine and the closure of courts around the country is expected to create demand for divorce in the coming months.

The coronavirus and resulting lockdowns may lead to a rise in the number of divorce cases in the United States as couples must adjust to living together without a break for weeks on end. In China, COVID-19 lockdowns have already led to increased divorce numbers, and the British Parliament is experiencing the same thing. As states start to slowly open across the United States, similar reports are likely to come to light.

All divorces are not created equal, and a high-net-worth divorce is more complicated than a traditional divorce because of the amount of wealth involved. Dividing assets and determining community assets becomes more common in these cases. These divorces involving wealthy individuals actually vary in four distinct ways. Understanding these will help those entering divorce know what to expect out of the process.

In Illinois divorce cases, the judge's ruling often makes one party unhappy, but if that party believes the law was misapplied, there are steps to take to appeal the decision. While it is normal for one spouse to feel unhappy with the ruling in a disputed divorce, there are instances when accepting the decision and moving on is not the best course of action. In Illinois, individuals in this situation have two options to consider.

Determining the amount and duration of spousal maintenance in Illinois is based on the income of each spouse and the length of the marriage. Spousal maintenance, also known as spousal support or alimony, refers to ongoing payments to an ex-spouse to help maintain the quality of life once enjoyed during the marriage.

Injury settlements are generally classified as marital property when people divorce in Illinois, but there are exceptions. Although judges consistently rule that awards for injuries acquired during the marriage should be equitably divided, property interest begins on the date of the accident, not when the settlement check is received. Settlements may be determined to be non-marital property when people were hurt before they became married.

Staying together “for the kids” carries many risks for couples and their children. This strategy often backfires, harming kids more than it helps them. Couples who are struggling in their marriages need to understand the risks of remaining married so they can make the best decision for their children.