Zuba & Associates, P.C.

October 2016 Archives

Financial issues can be difficult to resolve in divorce cases

Many divorces in Illinois are caused by financial issues. However, there can be additional money matters to consider after moving to end a marriage. For instance, a couple might need to determine how they will split their joint assets. From the marital house all the way to a stamp collection, all marital assets may be up for division.

How to handle a gray divorce in Illinois

The divorce rate for those over 50 has doubled since 1990, according to the National Center for Family & Marriage Research. Divorcing seniors should understand that there are unique challenges to separating so close to retirement. In fact, a divorce could have an impact on a senior's long-term financial security.

Talking about finances and expectations before marriage

Illinois residents who are considering tying the knot may be interested to learn that approximately 45 to 50 percent of marriages end in divorce. This is due to a number of reasons, including financial instability and different expectations. To avoid a potential divorce in the future, there are a few topics that engaged couples should discuss in advance.

Property division and the family home in divorce

One of the most difficult parts of property division for divorcing couples in Illinois might be deciding what happens to the house. People may be happier if they can come to agreement between themselves because they will have little say in what the judge decides. For example, the judge can force the sale of the home. The proceeds from such a sale are not always necessarily split evenly because the judge may take into account that one person spent more on renovations or upkeep than the other and adjust the amount accordingly.

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Zuba & Associates, P.C

Firm Location:

6067 Strathmoor Drive
Rockford, IL 61107

Phone: 815-397-7000
Fax: 815-397-1834
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