Divorcing a Missing Spouse

Sometimes people have been separated for many years and have never gotten divorced.  They may figure that they have no children, they own no real property,  they have no marital property, or they never plan to remarry, so what’s the big deal? If you have been separated for many years, in the eyes of the court you might as well still be living together because your rights and responsibilities are still the same.  Anything that you have purchased is marital property, even if purchased in your own name.  Your spouse is still entitled to a portion of your pension benefits, and if you die without a will, your spouse will still be able to get a spouse’s share of the intestate estate. The only way to separate your finances from a spouse is through a legal separation, which is a court proceeding, or a divorce. Continue reading “Divorcing a Missing Spouse”

Can’t Find Spouse But Want a Divorce?

Sometimes people have been separated for many years and have never gotten divorced.  They may figure that they have no children, they own no real property,  they have no marital property, or they never plan to remarry, so what’s the big deal?

If you have been separated for many years, in the eyes of the court you might as well still be living together because your rights and responsibilities are still the same.  Anything that you have purchased is marital property, even if purchased in your own name.  Your spouse is still entitled to a portion of your pension benefits, and if you die without a will, your spouse will still be able to get a spouse’s share of the intestate estate.

The only way to separate your finances from a spouse is through a legal separation, which is a court proceeding, or a divorce. Continue reading “Can’t Find Spouse But Want a Divorce?”

How is Property Divided in a High Net Worth Divorce in Illinois?

Division of property following a divorce in Illinois involves a system of “equitable distribution,” where courts take into account a number of factors in order to determine a fair distribution of property, rather than following a strict guideline.

Property that may be divided following a divorce include cars, real estate, pension and retirement plans, investment assets, marital debts, and owned businesses. Continue reading “How is Property Divided in a High Net Worth Divorce in Illinois?”