Wheaton, IL family lawyerIt is smart to think about the advantages of a prenuptial agreement if you are getting married or considering asking your significant other to marry you. Contrary to common misconception, signing a "prenup" is not only a way to "get ready for divorce," and in many circumstances, having an established agreement throughout a marriage will be advantageous for both parties. 

Without the help of an experienced attorney, it can be challenging to secure the legitimacy of a prenuptial agreement because the rules governing them are continuously changing. Our attorneys at the Andrew Cores Family Law Group keep up with case law developments and adapt any new knowledge to the issues and circumstances of our clients. We will help you ensure that your prenuptial agreement complies with all current legislation to avoid having it declared void.

What Can a Prenuptial Agreement Cover?

In Illinois, prenuptial agreements may cover any or all of the following topics:

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DuPage County alimony lawyerIn the state of Illinois, the law calls alimony “spousal maintenance” and it could potentially be long-term if the receiving spouse is unable to make a living or if the marriage was also long-term. Despite whether or not someone feels they should have to support their spouse financially, a judge will apply the law and both parties will have to follow the guidelines in the law.  

It is possible for a couple to get divorced without involving spousal maintenance, but if a judge orders it in their particular divorce case, alimony must be a part of the conversation regarding finances during the divorce process. Because it could be a requirement in divorce proceedings, it is important to understand the four kinds of alimony. 

Temporary Alimony

A spouse who is granted temporary alimony (otherwise known as "temporary maintenance") receives money while the divorce is still proceeding. Temporary alimony is typically granted in situations when the couple has made the decision to live apart, or when the receiving spouse does not have the ability to pay for their own cost of living and attorneys’ fees, and is meant to fund the recipient's living costs throughout the divorce. While it is possible to file a request later on during the divorce process, a spouse who wants temporary alimony should include the request in his or her divorce petition. Once the divorce is finalized, all interim alimony payments cease.

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dupage county divorce lawyerDividing marital assets is always a difficult aspect of divorce, but it gets even more acrimonious and difficult when couples with high net worths try to share their assets evenly after their marriage.

If you are a part of a high-asset divorce, you need an attorney who will pay attention to your worries, assess your case, and clarify these three challenging problems while giving you advice on what makes sense in your particular circumstance.

Division of Assets in High Asset Divorce

The division of assets is a crucial factor in any divorce, but it is especially vital in a high-asset divorce. Spouses may negotiate a division of assets that leaves each party with assets of relatively equal worth. One partner may, for instance, receive the majority of the stock and liquid assets, while the other may receive the majority of the real estate or retirement benefits. The necessity for spousal maintenance payments might be reduced or even eliminated in some situations if significant real estate and assets are divided. Spousal support may be the key issue in other situations with extremely high incomes.

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wheaton divorce lawyerYou put a lot of effort into earning your money and carefully planned for your future, including retirement. Unfortunately, a divorce can derail such goals. Knowing how your divorce may impact your retirement accounts is the first step in safeguarding them.

The experienced attorneys at Andrew Cores Family Law Group will assist you in getting your future back on track while safeguarding your retirement accounts and settling difficult issues with your spouse. 

Dividing Retirement Accounts

According to Illinois law, the percentage of your retirement and investment accounts that you accumulated during marriage may be split between spouses in a divorce, including:

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dupage county mediation lawyerMediation can save a lot of time, money, and worry when it comes to your family law issues, including divorce. Because private mediation occurs outside the purview of the court system, it typically benefits everyone involved and assists in maintaining a more peaceful family life, which is particularly advantageous for any children involved. 

Our mediators can help you mediate your divorce or another family law issue. With our experience dealing in these manners, we can help you navigate the procedure in hopes of meeting the requirements of both parties. 

Divorce Mediation Basics

A mediator is typically not an attorney. Therefore, as will be stated during your initial mediation session, he or she is impartial to the interests of both parties. This means that they cannot and will not offer legal counsel to any side throughout the process of discussions.

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