The Law Office of Matthew M. Williams, P.C.

630-409-8184

1444 North Farnsworth Avenue, Suite 307, Aurora, IL 60505

Yorkville Office By Appointment

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Kane County divorce attorney asset division

When you and your spouse make the decision that it is time for you to get a divorce, you will then have to decide how you want to go about obtaining a divorce. In most situations, both you and your spouse will each hire your own divorce attorneys to provide you with legal advice and help you negotiate a fair divorce settlement. Getting a divorce could likely be one of the most significant financial events of your life because the decisions that you make during your divorce could end up impacting your life for years to come. While your divorce lawyer can help you determine an equitable settlement, they may recommend that you hire a certified divorce financial analyst (CDFA) to ensure you understand the entire financial implications of your divorce.

What Is a CDFA?

A CDFA is a professional who helps both the divorcee and the divorcee’s attorney understand how certain financial decisions made during the divorce would affect the divorcee’s financial health in the future. A CDFA is typically someone who has a background in financial planning, accounting, or legal background, but to become a certified CDFA, he or she must undergo extensive training. A CDFA may also:

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workers compensation, allocation of property, Illinois divorce attorneyWorkers’ compensation benefits are paid to employees who get hurt on the job. These benefits are for the benefit of both the worker and his or her family. But, what happens to workers’ compensation benefits during a divorce?

Are Benefits a Marital Asset?

Workers’ compensation benefits are considered an asset under Illinois family law. If the benefits are from an accident that occurred after the couple was married, the benefits are similar to any other income and are likely to be considered a marital asset. Even if the divorce was already filed, but not yet finalized, when benefits are awarded, they will most likely be considered a marital asset.

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The Law Office of Matthew M. Williams, P.C.

630-409-8184

1444 North Farnsworth Avenue, Suite 307, Aurora, IL 60505

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