${site.data.firmName}${SEMFirmNameAlt} Main Menu
Call Today: 855-805-0595

Posts tagged "Property Division"

Good reasons to sell the marital home

61274841_S.jpgOne of the most important decisions an Illinois couple that is going through a divorce is whether or not to keep the marital home. While it may be tempting for them to keep it, there may be many reasons not to. In many cases, this asset is tied to guilt, disappointment and anxiety. People may feel guilty about selling the home a child grew up in or upset about having to move regardless of the reason why.

How to sell the family home in a divorce

42260725_S.jpgFor many Illinois couples who are going through a divorce, the possibility of selling the family home is very real. In fact, smartagents.com, a real state website, estimates that 61 percent of divorces result in the sale of the family home. This can be an emotionally fraught period, and if both spouses are not in agreement about how to handle this, the sale of the home can be undermined. The goal of getting the highest profit for the home, however, should help both spouses keep focused on the sale.

The marital home after divorce

50592687_S.jpgGetting divorced in Illinois involves many decisions regarding finances. In addition to dividing assets and assuming responsibility for debts, homeowners have additional considerations. In many marriages, a house represents one of the largest assets the couple owns. Taking time to understand the options available can protect a divorcing spouse's long-term financial health.

Protecting children's college savings in divorces

38970275_S.jpgWhen Illinois residents are going through divorces, they might wonder what they should do about the college savings that they have accumulated for their children. College savings should be clearly addressed in their property settlement agreements to prevent their ex-spouses from spending the money on themselves or on others in the future.

Don't forget to separate car insurance in divorces

37300095_S.jpgIllinois couples who are ending their marriages must disentangle their finances from each other. One aspect that should not be overlooked is separating the car insurance policies. There are several things that people who are getting divorced should keep in mind in this regard.

Divorcing the spouse and the house

33871317_S.jpgA substantial concern of divorcing spouses in Illinois is what will happen to their homes after they are separated. Those concerns can be especially heightened if one spouse is interested in retaining the property. Many times, the reasons for wanting to keep the home are based purely on emotional attachment. However, this might not be the wisest financial decision.

How inherited assets are treated during a divorce

64818708_S.jpgInherited assets may be an issue for Illinois couples who are planning to get a divorce. Inheritances that are acquired during a marriage are not usually viewed as marital property, and as a result, they are usually not subject to division. They are typically considered to be separate property that belongs to whoever inherited the assets and cannot be reallocated between divorcing parties.

Are rings marital or separate property?

37275704_S.jpgIllinois residents know that a marriage usually begins with an engagement, and often, the engagement and subsequent wedding ceremony involve the exchange of rings. These rings might have financial and sentimental value for the parties, as they are a representation of the couple's love. However, they might become a source of additional conflict if the couple later decides to end their marriage. If you find yourself in this situation, you might be wondering who the rings belong to in the event of a divorce.

Avoiding property division errors with retirement accounts

33227512_S.jpgIn-depth negotiations and a divorce agreement signed by an Illinois judge may not result in an equitable property division in all cases. According to an investment adviser, taxes and early withdrawal penalties can turn an equitable split into a lopsided arrangement. Improper treatment of retirement funds can also cause financial difficulties for divorcees down the road.

Contact Our Team To Get Help Now

Tell us about your case and we’ll get back to you promptly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Stange Logo

Stange Law Firm, PC
115 Lincoln Place Ct.,
Se. 101
Belleville, Illinois 62221

Toll Free: 855-805-0595
Fax: 314-963-9191
Law Office Map

DHQ | Divorce Headquarters Divorce
Headquarters ® App Download The App
Questions? Live Chat Pay Your Bill Online
States of Service

Other Office Locations

  • Saint Louis County: 120 S. Central Ave., Suite 450, Clayton, MO 63105: Clayton Office
  • West County: 16024 Manchester Rd., Suite 103, Ellisville, MO 63011: Ellisville Office
  • Jackson County: 256 NE Tudor Rd., Lee's Summit, Missouri 64086: Lee's Summit Office
  • Jefferson County: 16 Municipal Drive, Suite C, Arnold, MO 63010: Arnold Office
  • St. Charles County: 2268 Bluestone Drive, St. Charles, MO 63303: St. Charles Office
  • Franklin County: 5 S. Oak St. Union, MO 63084: Union Office
  • Lincoln County: 20 Centerline Drive, Troy, Missouri 63379: Troy Office
  • Boone County: 1506 Chapel Hill Rd., Suite H, Columbia, MO 65203: Columbia Office
  • Greene County: 901 E. St. Louis, Suite 404, Springfield, Missouri 65806 Springfield, MO Office
  • St. Clair County: 115 Lincoln Place Ct., Ste. 101, Belleville, IL 62221: Belleville Office
  • Madison County: 5 Club Centre Ct., Suite A, Edwardsville, Illinois 62025: Edwardsville Office
  • Sangamon County: 400 S. 9th St., Suite 100, Springfield, IL 62701: Springfield Office
  • McLean County: 1012 Ekstam Drive, Suite 4, Bloomington, IL 61704: Bloomington Office
  • Johnson County: 7300 West 110th Street, Suite 560, Overland Park, KS 62210: Overland Park Office
  • Sedgwick County: 2024 N. Woodlawn Street, Suite 407, Wichita, Kansas 67208: Wichita Office
  • Monroe County: 116 W. Mill St., Waterloo, IL 62298 (by appt. only): Waterloo Office
  • St. Louis City: 100 S. 4th St., #549, St. Louis, MO 63102 (by appt. only): St. Louis Office
  • Jackson County: 2300 Main St., #948, Kansas City, MO 64108 (by appt. only): Kansas City Office

The choice of a lawyer is an important decision & should not be based solely upon advertisements. See additional disclaimers here.