Anyone who is undergoing a divorce will worry first about what happens to the tangible assets. These include the funds that you find in a retirement account, whether it's a 401(k) or a pension plan. There are different rules and conditions that a divorcing couple in...
Divorce
The basics of marital and separate property in Illinois
When divorce proceedings begin, you may get confused about how the divorce will affect your assets. It is important to understand what types of property are separate and marital, as this often plays a role in divorce settlements. What is marital property? Marital...
How can experts help you during your divorce case?
Some individuals in Illinois who are preparing high-asset divorce cases will find that some experts can provide additional assistance during the process. Financial experts can help you during the planning of the divorce, the proceedings themselves and even with your...
Some statistics about divorce you need to know
If you have recently gotten married in Illinois, you and your spouse are looking forward to many years together. Of course, divorce is something that happens often. No couple thinks about it when they first tie the knot, but it can happen. You might want to know a few...
Hidden assets and divorce
Most divorces in Illinois don’t happen out of the blue. Divorces usually follow a breakdown of the marriage that might have been ongoing for years. During this time, there is usually a serious lack of communication and a loss of trust. There may also be separate bank...
Three popular ways to valuate your business
If you're the owner of a business in Illinois, it's understandable to want to know how much your company is worth. Fortunately, there are many ways to achieve this goal. When it's time to valuate your business, try one of the following methods. Asset-based valuation...
How will retirement benefits get handled during divorce?
If you're going through a divorce in Illinois and you have retirement benefits, your former spouse may try to get a share of this income. It's a good idea to learn what happens to retirement benefits while going through a divorce. How retirement benefits get divided...
How divorce could impact your business
Illinois is an equitable distribution state, which means that your business could be subject to division in a divorce. This may have very real impacts on your company's operations. You must take care to keep the business running smoothly no matter how bad the turmoil...
What financial struggles plague grey divorcees?
Grey divorcees often face unique hurdles in the aftermath of divorce. Many of these differences in struggles stem from the fact that grey divorcees are at a completely different place in life than 20 to 30 year old couples. For example, you will face entirely...
4 kinds of financial assets to keep in mind in your divorce
As you approach the property division phase of your divorce, you no doubt think about the task of dividing the marital home, your vehicles, perhaps a boat and similar assets. The financial aspects of the property division process are also extremely important. Here are...
