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...
You and your spouse both have a lot to lose in your divorce. You've been together for 15 years and you've built a life together. It's safe to say that neither of you are going to be in the same financial position when you separate, but you want to make sure that you...
When you decided that a divorce was right for your situation, it wasn't something you decided upon easily. You knew that it was going to impact your finances and make both of your lives more difficult. You and your spouse live a pretty nice lifestyle now, because you...
People in Illinois who are not knowledgeable about or involved in the family finances may be at a disadvantage during the divorce process. According to a survey by Fidelity Investments, it takes people around five years to recover emotionally and financially from...
