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Legal assistance with an Illinois high-asset divorce

On Behalf of | Dec 19, 2021 | Firm News |

When a marriage in Illinois comes to an end, there are many different issues that come to the forefront. Often, these can vary depending on a multitude of circumstances. If, for example, a spouse is seeking to receive spousal support, which is also referred to as alimony, the financial situation of each will have a bearing on how much is paid and received. A high-asset divorce can be complicated and it is imperative that those in the process of ending a marriage in which property division and large assets are in dispute have legal help.

To calculate spousal support, it is beneficial to be accurate. Both sides would like to maintain the quality of life they enjoyed while they were married, but it is inevitable that disagreements will arise. The viewpoint of the client is always the first priority for an experienced attorney and it might be required to exhibit some flexibility on some points while being more hardline on others.

There are many factors that go into spousal support and the amount that will be paid. Examples are the income of the spouses, how long the marriage lasted, what the standard of living was during the marriage, the needs and expenses of each party, if the receiving spouse will be able to earn sufficient income after the marriage, how much of an influence each spouse had on accruing the assets, and what will be earned by both parties in the future.

Clearly, with a high asset divorce, it is probable that there will be differences of opinion on the above-listed matters as well as many others. When divorcing, having the expert assistance of a legal professional who is well-versed in family law is a key. At the Law Offices of Dwayne Douglas P.C., we assist our clients with their divorce needs with an eye on their vision of post-divorce life. We take pride in our aggressive, results-driven approach, and will continue to fight for fair and favorable divorce outcomes.