As many as a third of all divorces are triggered by financial issues. This could mean there is not enough money to pay normal monthly expenses, which creates friction, or that one partner has vastly different spending habits than the other. In some cases, financial issues in a marriage stem from one partner refusing to let the other in on financial decisions. When money creates problems in a marriage, those problems often continue into divorce.
Although Illinois is an equitable distribution state – meaning marital assets are split fairly, not necessarily 50/50 – things like retirement funds and executive compensation can make the division of marital assets much more complex. If you are facing complex financial issues in your divorce, you can benefit from speaking to an experienced Bloomingdale, IL family law attorney.