Murphy And Dunn

Divorce is tough, and figuring out who gets what can make it even harder. If you’re getting a divorce in Bloomington, IL, it’s important to know how property and debts are divided. Illinois has specific rules to make sure things are split fairly, and understanding these rules can help you feel more in control. How Property is Split Illinois uses a system called “equitable distribution.” This means that property and debts from the marriage are divided fairly, but not always 50-50. The court looks at things like how much each person earns, what they contributed to the marriage, and what they’ll need in the future. For example, if one person stayed home to take care of the kids, they might get a bigger share of the property. What Counts as Marital Property? Not everything you own will be divided. Marital property includes things you got during the marriage, like a house you bought together or a car you both used. Non-marital property is stuff you owned before the marriage, like an inherit...

Divorce can be one of the most stressful experiences in life. It involves not only emotional challenges but also legal complexities that determine your financial future and family stability. Having the right legal guidance ensures that you receive a fair settlement that protects your rights. Ensuring a Fair Division of Assets Dividing assets during a divorce is rarely straightforward. From real estate and savings to retirement funds and personal belongings, everything must be split fairly. A skilled attorney helps evaluate the value of shared assets and negotiates a settlement that considers both parties' contributions. Legal expertise is essential in avoiding disputes and ensuring you don’t lose more than what is fair. Protecting Parental Rights in Child Custody Child custody decisions can be emotionally charged and legally complex. Courts prioritize the child’s best interests, but having strong legal support ensures that your parental rights are not overlooked. Whether se...