In Illinois, marriage often means merging two lives and continuing favorite pursuits together, such as art collecting. However, if the relationship ends in divorce, a cherished art collection can become part of the marital assets up for division. If you have artwork...
When a couple in Illinois decides to seek a divorce, the process will involve dividing their assets. This part will include identifying separate and marital assets. Trust assets are one type of asset over which you and your ex might become contentious if one spouse...
A divorce involving Illinois spouses with significant assets could involve complex negotiations for a fair settlement. Sometimes, one party might have substantial assets and a net worth more significant than the other. The one of lesser means may need to look closer...
Getting a divorce is often an emotional rollercoaster. It’s even more complicated when dealing with property. What to do with the family home is a question that many divorcing Illinois couples face. Here are options to help you decide what to do with your family home...
If you and your spouse have collected antiques and art during your marriage, those collectibles can comprise a considerable portion of your marital property. Yet, valuing those items when contemplating divorce in Illinois can become difficult. Here is what you can do...
Owning an Illinois business is a significant accomplishment. However, if you’re going through a divorce, you might worry that everything you’ve built will come crumbling down. This is how a divorce can impact your business and how you can protect it. Effects of...
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...
A contentious divorce can cost each party tens of thousands of dollars. The spending rarely ends when the divorce decree gets signed, and there are costs that will carry on far after you and your spouse officially become exes. Where will you live? The biggest future...
If your spouse has any ownership stake in your business, you may have to sell your company to split the proceeds in your upcoming divorce. You might prevent this from happening if you can buy out your spouse. If you succeed, you will be the sole owner of your business...
In Illinois, courts determine child support through the "percentage of obligor net income" model. Essentially, there is an assumption that you and your ex-spouse split the costs associated with raising your offspring. As the non-custodial parent, a percentage of your...
