Legal Question in Family Law in Illinois
My Annual Earnings = $90k
My Retirement Funds = $90k
My Savings = $54k
House A: I Bought with cash before Marriage for $60k
House B: I Bought after marriage for $190k with $40k down payment from my savings (I pay 60% of mortgage payments/She pays 40%). Her name is not on deed.
House C: I Bought with cash after marriage for $100k with my savings (Wife did not contribute to purchase and is not on deed)
Wife's Annual Earnings = $30k
We have one 5-year-old daughter.
How would our assets likely be divided in a divorce settlement?
What would child support payments be if we have 50%/50% joint custody?
2 Answers from Attorneys
Depends on the needs of your spouse, facts of the case, length of the marriage, and who will have residential custody. This is why you pay us the big bucks, to get you the best resolution possible - most of which is left to the discretion of the court.
Hire a lawyer in your jurisdiction. Free answers in this case are worth exactly what you pay for them.