You and your spouse may have built a life together years before Illinois allowed same-sex marriage. During that time, you may have bought a home, saved money or invested in property together. When divorce enters the picture later, questions about property often arise....
Anne Prenner Schmidt, Esq., Master of Laws
DIVORCE – Property Division
Why retirement assets deserve special attention — especially for women in divorce
In many divorce settlements, retirement assets are addressed in a single paragraph near the end of the agreement: “The accounts shall be divided equally by Qualified Domestic Relations Order.” On paper, that sounds straightforward. In practice, it rarely is. For many...
QDROs, Death and the Grim ReaperCussions
During a divorce, parties often have employer sponsored retirement accounts to assign pursuant to their marital settlement agreement. To assign these accounts incident to divorce, the parties must enter a Qualified Domestic Relations Order (“QDRO.”) A QDRO is a...
Divorced in a Sunbelt State, But Have an Illinois Pension Interest?
Did you recently complete a divorce in Arizona, Florida, or Texas but you or your spouse earned a pension benefit from the state of Illinois? If you or your ex-spouse participated in an Illinois State Pension like TRS, IMRF, PABF, FABF, SURS, SERS, JRS or any other...