As a Chicago divorce lawyer, I find many people who want to get a divorce in Illinois are confused about handling financial matters. While people generally think they will split some property when they get divorce, financial discovery in divorce is more often a foreign concept. It can lead to some confusion.
Put simply, financial discovery is the process by which each spouse ascertains the financial assets of the other spouse, and the marriage as a whole. Basically, it’s gathering financial evidence. I wrote this FAQ on financial discovery in Illinois divorce to help people understand what will be necessary during a divorce.