Equitable Divorce Settlement Proposal

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Summary

In Illinois, marital property is divided equitably, not necessarily equally. Factors include the duration of the marriage, economic circumstances, and property value. For alimony, the court considers earning capacity, standard of living, and marriage duration. Consult a lawyer for detailed advice.

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15 year marriage, spouse $*,000 year, I was a stay at home dad making $*,* a year, she was the sole provider as I stayed home
Thanks for the detailed information. However, to provide accurate legal information, I need to know your location as divorce laws vary by state. Could you please share that?
Illinois
In Illinois, marital property is divided equitably, not necessarily equally. Factors considered include:
- Duration of the marriage
- Economic circumstances of each spouse
- Value of property assigned to each spouse
- Any relevant prenuptial agreements
For alimony, the court considers the earning capacity of each spouse, the standard of living established during the marriage, and the duration of the marriage, among other factors. Please consult a lawyer for detailed advice.
What would be a good settlement proposal
Considering the factors mentioned:
*. Requesting an equitable share of the marital assets, including retirement funds
*. Requesting alimony, considering the income disparity and your role as a stay-at-home parent
*. Child support, if applicable
Please consult a local attorney for a tailored settlement proposal.