Glen Ellyn, Illinois Divorce Attorneys

Lawyers Helping Clients in Glen Ellyn Address Financial Issues, Child Custody, and More During Divorce

Getting a divorce can be a life-changing event. While every marriage is different, the end of a couple's relationship will involve various issues that will need to be addressed. When going through a divorce, a person can benefit from working with a legal advocate who understands the local family court system, the steps that will be followed during a case, and the methods that may be used to resolve potential disputes. A. Traub & Associates provides effective legal guidance and representation for people who are going through the divorce process, and we strive to resolve cases quickly and efficiently while protecting our clients' rights.

Whether a divorce may be completed through cooperative negotiations or will involve contentious disputes, our attorneys can provide the legal counsel needed to help our clients achieve their goals. We advise our clients of their rights under Illinois law and provide strategic advice on the best steps they can take to resolve divorce-related issues successfully. Our goal is to reduce stress for our clients, promote productive dialogue, and work to achieve practical solutions.

Financial Concerns in a Glen Ellyn Divorce

A divorce will involve multiple types of financial issues, and the decisions made during the process can have long-term consequences. Our lawyers work with clients to address concerns related to:

• Spousal Maintenance: In certain divorce cases, some key financial decisions will be related to requirements by one party to pay spousal support to the other. This form of support is meant to address disparities between the parties' incomes, recognize contributions that spouses have made to the marriage, and ensure that both parties can maintain their accustomed standard of living. However, it will not be a factor in every divorce. Our lawyers can help determine whether maintenance will be appropriate based on a couple's financial situation, and we can advocate for arrangements that will protect our client's interests.
• Property Division: When addressing issues related to the property they own, spouses will need to identify which assets are marital and which are non-marital. Non-marital property, including assets owned before the marriage and inheritances or gifts received by one spouse individually, may be excluded from division. Marital property, including all assets and debts acquired during the marriage, must be divided in a fair and equitable manner. Our attorneys can help ensure that all assets are fully disclosed, and we can work to negotiate a settlement that will meet our client's needs.

Special Considerations in High Net Worth Divorces

When a couple has accumulated significant wealth, the divorce process may involve a variety of complex legal and financial considerations. In a high net worth divorce, a couple may need to address assets such as investment portfolios, retirement accounts and pensions, multiple real estate properties, family businesses, stock options, and valuable personal property. Properly valuing and dividing these assets may require the assistance of financial professionals, including forensic accountants and appraisers.

There may also be concerns regarding the concealment or undervaluation of assets. Our attorneys know how to uncover hidden income, track offshore accounts, address asset dissipation, and ensure full transparency during the divorce process. In addition, prenuptial or postnuptial agreements may affect how assets will be distributed. With our understanding of the financial intricacies involved in high asset divorce cases, we can take steps to safeguard our clients' financial interests while working to achieve positive results.

Addressing Child Custody and Parenting Plans

For divorcing parents, issues involving children may be among the most important concerns to address during the divorce process. In Illinois, child custody is addressed through two key components: parenting time and the allocation of parental responsibilities. Courts will usually encourage parents to cooperate in developing a parenting plan that will promote positive parent-child relationships while protecting the best interests of children.

A parenting plan outlines how major decisions regarding education, health care, religion, and extracurricular activities will be made, and it will include a schedule detailing when children will reside with each parent. Other issues may also be addressed to help ensure that the parties will be able to co-parent their children effectively in the years following the divorce.

Our lawyers work with parents to negotiate parenting plans that meet all applicable legal requirements while preserving each parent's relationship with their child. If disputes occur while negotiating agreements, we can advocate for our client's parental rights while making sure the parties focus on finding solutions that will protect their children's best interests and foster a stable and supportive environment going forward.

Modifying Divorce Orders

A family's circumstances may change after a divorce has been finalized. Illinois law allows for post-decree modifications in certain situations. When requesting changes to the terms of a divorce decree, a person will need to demonstrate that a substantial change in circumstances has occurred. These changes may be related to income, employment, relocation, health conditions, or the needs of the children. Our attorneys can assist with:

• Parenting Plan Modifications: A parent may request changes to parenting time or decision-making responsibilities if they believe that significant changes have made these modifications necessary. For example, if one parent needs to move for a new job, they may request a revision to the parenting time schedule.
• Child Support Adjustments: If a parent experiences a significant change in income, due to the loss of their job or other issues, child support obligations may need to be recalculated. Increased expenses related to children's education, medical care, or other needs may also justify a modification.
• Spousal Maintenance Modifications: Spousal support awards may also be reviewed if the financial situation of either party changes. Maintenance may be terminated if the recipient remarries or begins cohabiting with a new partner. The amount of payments may also be adjusted based on changes to the income earned by either or both parties.

Our lawyers can help file the appropriate motions, gather documentation, and present a compelling case for or against a requested modification. We will work to ensure that our clients can make the necessary changes that reflect their current situations.

Contact Our Glen Ellyn, IL Divorce Lawyers

The choices made during the divorce process can have long-lasting effects. As you address issues related to dividing assets, determining support obligations, or creating a parenting plan, the lawyers at A. Traub & Associates can provide you with the legal representation you need. Contact our Glen Ellyn property division and spousal support attorneys at 630-426-0196 to arrange a consultation and move forward with your divorce with confidence.