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Divorces can be complicated in Illinois, and dividing assets, such as a pension plan, can be one of the most challenging aspects of the process. A pension plan is a retirement savings plan designed to provide income to an individual after they retire. It can be a...
Many people participate in 401(k) plans at work, making it one of their most valuable assets. When a couple decides to divorce, their 401(k)s play a significant role in the divorce settlement or court order. Here are the details about dividing assets/pensions in a...
Spousal maintenance, also known as alimony, is a court-ordered payment made by one spouse to the other during or after a divorce. The purpose of spousal maintenance is to provide financial support to a spouse who may be unable to support themselves following a...
