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Property Division
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In Madison and St. Clair County Illinois divorce cases as well as in counties throughout the State of Illinois, Illinois is an equitable distribution state.
Dividing Mutual Funds in Divorce – 3 Tips by Joseph Dillon, Divorce Mediator
If you’re like most divorcing couples, over the years you’ve amassed a variety of assets and liabilities; houses, cars, credit cards and, the subject of today’s post, mutual funds.
Dividing Assets in an Illinois Divorce by Joseph Dillon, Divorce Mediator
If you’re contemplating divorce and you reside in Illinois, one of the main topics you will be dealing with is dividing up your assets. Illinois is an “equitable division” state, meaning that regardless of what happened to cause the demise of the marriage, the goal is to split the assets as fairly and equitably as possible between both you and your spouse.
The Equitable Distribution of Assets and Liabilities by Joseph Dillon, Divorce Mediator
When negotiating through a divorce, one of the most important topics involves which spouse will get what property once everything is finalized, as well as who will be responsible for what portion of the marital debt.
Unusual Divorce Assets that Need Dividing by Joseph Dillon, Divorce Mediator
But other than the usual suspects, there are a number of other items that may be considered assets. Therefore when preparing for divorce or to work with a divorce financial analyst, you should also gather information on as many of these unusual divorce assets as possible.
Illinois law distinguishes between marital and non-marital property. Only marital property is subject to equitable redistribution.
If you are considering a divorce, you may be surprised by these common misconceptions. Please take a moment to review them.

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In Illinois, alimony is awarded without regard to marital misconduct. According to Illinois divorce law, the judge orders support from one spouse to the other if the parties cannot agree. The court awards alimony in a lump sum or for a fixed or indefinite period of time. The alimony may be paid from the income or property of the other spouse after considering all relevant factors, including the income and assets of each spouse, the needs of each party, the earning capacity of each party, any impairment of the earning capacity of the party seeking alimony caused by marital sacrifices, the time necessary for the receiving party to seek employment, the standard of living established while married, the length of the marriage, the age and health of both parties, and the contributions and services by the party seeking maintenance to the education or career potential of the other spouse.

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