There is no getting around the fact that divorce has considerable financial implications for both spouses. Going from a two-income household to a one-income household can turn your life upside down. The division of property and debts, spousal maintenance, and child support can also change your financial situation substantially. When starting the divorce process, spouses must consider the role of finances and make plans to prioritize their post-divorce financial wellbeing. For many divorcing spouses, this requires an honest assessment of their financial situation – perhaps for the first time…

If you have ever watched a television show or movie about divorce, you may assume that all divorce cases involve dramatic courtroom showdowns. However, this is a far cry from reality. Most divorce cases settle before they go to trial. Less than five percent of divorce cases actually go to trial. In this blog, we discuss the role of the marital settlement agreement in Illinois.