Things Your Attorney Should Include In Your Chicago Divorce Settlement

by | May 31, 2023 | Lawyers and Attorneys

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If you are going through a divorce, then having an experienced divorce attorney will need to be obtained. This way your divorce settlement in Chicago can be created that covers all aspects of the divorce completely. A few of the things to make sure your attorney includes in your divorce settlement are listed below.

Time Schedule For Shared Parenting

When a divorce settlement is being developed it needs to reflect scheduled times for both parents to parent their children. When you get a hold of some Rolling Meadows divorce lawyers you will be able to sit down with them and develop a time schedule that works for both you and your spouse so that future conflicts can be avoided.

Support Details

Negotiating support is another important factor during a divorce and will often involve both child support and spousal support. The details for the support will need to include information concerning current employment and income. Having this information will allow your Rolling Meadows divorce lawyers to make a calculation that is fair.

Ensure Life Insurance Is Maintained

In order to ensure that the surviving children are taken care of in the event that you pass away following your divorce, it is important to have a life insurance policy obtained that lists them as beneficiary. The life insurance will protect the children and keep them supported financially.

Dividing Retirement Accounts

If you have retirement accounts, they need to be disclosed within the divorce settlement. The account needs to be detailed so that it is known how the division of assets will be accomplished. Many times, a qualified domestic relations order will be needed in order for the division of assets to take place.

When you get in touch with the Law Office of Fedor Kozlov, P.C., you’ll receive detailed information concerning the things to make sure your attorney includes in your divorce settlement. This way you are prepared and that no issues or conflicts arise as the divorce proceeds. Get in touch today.

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