Posts in Financials
Orders to Divide Retirement Account

When it comes to the division of marital property, Illinois is an equitable distribution state. This means that any property acquired during the marriage, including retirement funds, is considered marital property and is subject to equitable distribution between spouses.

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FinancialsErin Wilson
529 Plans and College Expenses

Section 513 of the Illinois Marriage and Dissolution of Marriage Act (IMDMA) addresses the allocation of college expenses between parents and the child attending college. Specifically, this section outlines the factors that a court should consider when determining the allocation of college expenses, as well as the types of expenses that are eligible for reimbursement and allocation between the parties.

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