A divorce is already a complex event in a person’s life. Depending on your situation, you can have an amicable and relatively simple divorce arrangement, or you can have a more complex divorce process such as one where high assets and disputed child-related issues are involved.
At the Andrew Cores Family Law Group, we understand how difficult a complex divorce can be for our clients and we work hard to ensure their rights and interests are protected. Our divorce attorneys have the resources and the experience you need to achieve a favorable outcome, no matter how complex your divorce may be.
High Asset Divorces
Dividing marital assets during the divorce process is never easy, but it becomes even more contentious and challenging when wealthy couples attempt to divide their assets equally after their marriage.
Some of the factors that will determine how assets will be divided include:
Divorces where there are children involved, in addition to high assets, frequently result in expensive child support payments, and spousal support payments to match, even with an experienced attorney. This is so that the cost of child support is divided between the parents in accordance with their percentage of the total earned income under Illinois law, which determines child support using the "income shares" system.
The likelihood of paying spousal maintenance is higher if your spouse has never held a job outside the house or if they earn much less than you. It is important to be mindful of these factors and start preparing early.
Highly Disputed Child Related Issues
Divorce proceedings may last for several months, and sometimes even a year or longer. This is particularly true if a couple disagrees on matters such as child custody, property distribution, spousal support, or other aspects of the divorce. You might be wondering how child custody, known as parenting time and parental responsibilities in Illinois, will be managed between the separation and the finalization of the divorce.
Some divorcing spouses elect to delegate all significant child-related decisions, or parental responsibilities, to one parent. Other parents split the tasks according to their own circumstances. If one parent is a teacher, for instance, it could make sense for that parent to handle any choices pertaining to education while the other parent is in charge of other matters.
Contact a Dupage County Business Valuation Divorce Lawyer
If you believe your divorce will be more complex than most, you need a Wheaton complex divorce attorney who will help you protect your rights to your interests. Call Andrew Cores Family Law Group at 630-871-1002 to schedule your free consultation to learn how we can protect you.