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Property that is deemed non-marital in an Illinois divorce cannot be divided. But, what if that property has increased in value during the marriage? Does the increase in value during the marriage make the property marital? Is the increase in value, itself, marital property because it came into existence during the marriage? Under 750 ILCS 5/503(a)(7), the increase in value of no...

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After you’ve retained a Chicago divorce attorney for your Illinois divorce, one of the first things you’ll be asked to do is to fill out the Financial Affidavit for Divorce & Family Cases. This is a standardized, approved by the Illinois Supreme Court, 9 page document that virtually everyone involved in an Illinois divorce case must fill out. This document is extremely impor...

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When you marry someone, you make a promise to them that will last years and years. When you take out a mortgage, you also make a promise that will last years and years. Extracting yourself from the obligations of a mortgage often goes hand in hand with extracting yourself from a marriage through a divorce, making it vital to have an experienced divorce attorney in Chicago guide ...

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Mortgages typically consume 25 to 33 percent of a household’s total income. A mortgage is usually a household’s biggest expense. Additionally, mortgages are usually tied to a household’s biggest asset, the marital home. Failure to pay a mortgage means a married couple’s biggest asset is at risk of foreclosure. For all these reasons, the mortgage payment needs to be addressed dur...

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A divorce definitely includes two spouses. A divorce probably includes children who were the product of that marriage. But, sometimes a divorce can involve third parties such as parents of the spouses, corporations the spouses own, or other third parties who have an interest in the parties’ marital assets. An experienced Illinois divorce lawyer can assess how and when these outs...

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