Aldrich & Siedlarz Law, P.C. | Blog - Aldrich & Siedlarz Law, P.C.

Protecting Your Financial Future During Divorce

Posted on April 29, 2021

IL divorce lawyer Besides being emotionally draining, getting divorced can take a significant toll on a couple’s finances. Fortunately, there are steps that divorcing parties can take to reduce their post-divorce finance-related concerns. Most couples are, for instance, urged to immediately begin accounting for their assets and expenses, both to ensure that any property settlements are fair, but also to help uncover any evidence of marital waste or fraud on the part of one of the spouses. To learn more about the financial aspects of divorce, please reach out to one of our experienced DuPage County divorce lawyers today.

Inventory Bank Accounts

Property division is one of the most difficult aspects of many divorces, especially for couples who have unique or valuable assets. One of the best ways to avoid an unfair property settlement and later financial stress (upon divorce) is for couples to start compiling their financial information, including all bank, retirement, and investment accounts. The parties should be sure to keep copies of important documentation, like bank statements that can help keep track of both individuals’ balances, regular deposits, and withdrawals. Re-inventorying these accounts regularly during divorce proceedings is also a good idea and can go a long way towards safeguarding assets and preventing marital waste.

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Posted in Divorce

Frequently Asked Questions About Family Law

Posted on March 15, 2021

IL family lawyer If you are going through a divorce, you likely have a lot of questions. It is critical to receive the answers you need so you fully understand the process and can better protect your rights. Below are some of the most frequently asked questions about family law in Illinois, and the answers to them.

Is a Legal Separation Required?

Unlike some states, Illinois does not place a mandatory separation period on couples before they can file for divorce. If one party does not agree to the divorce, you may have to live separate and apart from your spouse. This does not necessarily mean that you have to live under separate roofs. You simply must show that you have lived independently from your spouse.

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Posted in Divorce | Tagged child custody divorce process family law mediation Illinois divorce lawyers Lombard family lawyer

How to Avoid the Common Mistakes Made During Divorce

Posted on February 24, 2021

IL divorce lawyer Divorce is not only an emotional process, but it is also a legal one governed by many laws and procedural rules. People going through issues such as child custody, property division, and more are often not aware of how the legal process works and so, they make mistakes that end up hurting their case. To ensure you receive the fair settlement you deserve, read the most common mistakes made below, and how to avoid them.

Choosing the Wrong Kind of Divorce

Many people think that to get a divorce, they must enter litigation and go to trial. While this is sometimes the only option, it is not the first one you should consider. Litigated divorces take much longer, are more costly, and a judge may not return a decision in your favor. Options such as collaborative law and mediation allow you and your spouse to control the process, which can reduce the stress of the process and still help you recover a fair settlement.

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Posted in Divorce

Your Divorce Checklist

Posted on January 14, 2021

IL divorce lawyer From collecting financial records to starting to think about child custody arrangements, taking a few preparatory steps can make all the difference when it comes to getting ready for your divorce. To learn more about what is required to obtain a divorce in Illinois, please contact an experienced Lombard divorce lawyer who can help ensure that your divorce goes as smoothly as possible.

Addressing Your Finances

Some of the most difficult aspects of ending a marriage involve a couple’s finances. To help divorcing couples should be sure to start collecting important financial documentation, including:

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Posted in Divorce

Identifying Separate and Marital Assets

Posted on December 30, 2020

IL divorce lawyer When legally ending a marriage in Illinois, couples are required to divide their marital assets in an equitable manner. This makes the determination of whether an asset is marital or separate extremely important, so if you and your spouse are contemplating divorce and you have questions about whether you will need to share a certain asset, it is important to speak with an experienced Lombard, IL property division lawyer who can help you.

Separate vs. Marital Property

In Illinois, the date of a couple’s marriage is usually used to differentiate between the separate and marital assets of two parties. Generally, anything that one spouse owned before marriage will remain his or her property even in the event of divorce. On the other hand, anything purchased or acquired after a marriage takes place, whether by one spouse or by both spouses together, is considered marital property and must be divided in an equitable manner.

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