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Cashing Out 401(k)s And Other Retirement Accounts During An Illinois Divorce

By Russell Knight | December 15, 2021
Withdrawal of 401(k) during divorce

Divorce attorney see their clients and their client’s spouse’s true finances. The truth is that most people have little in the way of assets outside of their marital home and their retirement accounts. When a divorcing couple’s assets are tied…

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What is a QILDRO in an Illinois Divorce?

By Russell Knight | January 22, 2021
QILDRO Divorce

There are so many acronyms in Illinois family law: HFS, MSA, OC, QDRO, QILDRO. It’s hard to keep track of terms that are only relevant in an Illinois divorce…while you’re in the middle of an Illinois divorce. What is a…

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Deferred Compensation Plans And Divorce In Illinois

By Russell Knight | November 27, 2020
Illinois Divorce And Deferred Compensation

There are so many ways to save for retirement that it feels like you have to be a financial expert to understand the various retirement accounts available and their respective tax advantages. In reality, most retirement plans in the United…

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How Will My Retirement Or My Spouse’s Retirement Effect My Chicago, Illinois Divorce?

By Russell Knight | May 19, 2018

Divorce law in Illinois is largely written for couples with two working adults who may have children.  Illinois divorce law doesn’t explicitly consider retirement and divorce.  But, many principles can be derived from the statutes and case law so that…

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