Divorce during any stage of life can be financially devastating, but the effect is often worse as one nears retirement. However, it is possible to mitigate some of the potentially negative effects of a later-life divorce. Our Wheaton, IL divorce lawyer can go over your case in detail with you and look for ways to minimize risk.
At Davi Law Group, we know how stressful it can be to go through a divorce with your financial future on the line. Attorney Dion U. Davi can provide you with careful guidance and strong representation, drawing on over a decade of legal experience.
How Is Property Divided During Divorce in Illinois?
Illinois law requires that all marital assets be equitably split (750 ILCS 5/503). While many factors may be used to determine what this “equitable split” might look like, transferring retirement assets can put a dent in your nest egg. As such, “gray divorcees” need a strategic plan before moving forward with the process.