Going through a divorce can be draining in both emotional and financial ways. Seeking assistance to cut down on the stresses common during this situation is one of the best things you can do. A qualified Chicago divorce lawyer can assist in making the process of divorce easier. If you are wondering what your divorce lawyer can do for you, we’ve got the information you need.
Explaining Grounds for Divorce
Each state has different grounds under which a divorce can occur. No fault divorces are available in every state, but there are often certain requirements to seek dissolution of marriage even with no-fault divorce. For instance, you may be required to live separately for a certain amount of time before you are allowed to seek a divorce. Your divorce lawyer can explain what the options and requirements are.
Determining Marital Assets
When divorcing, getting your share of marital assets is crucial. Your divorce lawyer in Chicago will help ensure that all of the assets are disclosed and accounted for. Some marriages have one spouse who handles the finances while the other may not know everything about the assets and debts. Your attorney will help find records you need and determine what assets and liabilities apply, so the settlement addresses all of these things.
Assessing Spousal Support
Divorce lawyers can help determine whether a spouse might be entitled to spousal support or whether they will be forced to pay it themselves. This is often a concern if one spouse has a much larger income than the other or one spouse has given up their career to ensure the other spouses can advance. Many people are only concerned with the current financial consequences but knowing you may be entitled to support is important to be aware of.
Explaining Division of Property
Your lawyer can explain how property will be treated when seeking divorce. There are often many questions about this, especially if there was property each person brought into the marriage and other assets were collected as a team. Understanding how the property will be distributed is crucial and can vary by the location you live in.
If you are ready to seek out a divorce lawyer, the professionals at Michael C. Craven, Partner, Harrison & Held, LLP are here to help.