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St. Charles divorce attorney asset division

Although Illinois courts will do everything possible to ensure a fair and equitable resolution to a divorce, your finances will always be affected to some degree when marital assets are divided between you and your spouse. As you prepare to move forward with your life as a single person, it is important to make a plan to recover financially and ensure that you can support yourself and your children well into the future.

Strategies for Achieving Financial Stability

Securing your financial situation can start before your divorce and continue throughout the rest of your life. The approach you take may depend on whether or not you have any children. Some helpful suggestions include:

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St. Charles Certified Financial LitigatiorRecently adding to his American, Illinois State, and Kane County Bar Association memberships, Attorney Timothy Weiler of Weiler & Lengle P.C. now also holds the title of Certified Financial Litigator (CFL), which further enhances his existing litigation skills in the family law arena. He is the 7th attorney in the state of Illinois to become AACFL certified. As a CFL, he is able to assist clients with greater depth and understanding of the financial issues that so often complicate family law and divorce cases. 

What exactly is a Certified Financial Litigator? A CFL is a law professional who has been granted a financial education certification by the American Academy for Certified Financial Litigators (AACFL), an exclusive recognition granted only to select practitioners who have completed the highest level of financial litigation training and have successfully passed the AACFL’s official examination. The certification demonstrates an attorney’s competence in various financial aspects of litigation, including: 

  • Accounting
  • Taxation
  • Investments
  • Valuation (appraisal or estimation of an item’s worth)
  • Compensation
  • Forensics (litigation involving complex financial accounting)

The Benefits of Working With a CFL

CFLs are valuable in many family law and divorce cases, particularly when money has proven to be a contentious issue. For example, for many couples, signs of divorce due to financial matters emerge as early as during the marriage planning process. Experts say this grim reality can start with a couple’s vision of the wedding budget from day one, which often sets a precedent for the tone and financial dynamic between spouses for the remainder of their union. One spouse may be open and willing to spend a significantly larger amount on the wedding expenses, while the other prefers to save a large portion and put it toward a down payment on a new condo instead. Experts stress that when couples do not talk about money management early on and have very different financial priorities and goals, divorce is very real possibility down the road. Chances are, if money was a problem throughout the marriage, it will likely be a source of conflict during the divorce process.

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