In the state of Illinois, any property held inside of a marital estate may be divided in a final divorce settlement. This means that any rental properties, commercial holdings or lots of land that you own could be ceded to your spouse. However, it may be possible to...
Property Division
Dividing retirement accounts in a divorce
Divorce comes with several financial changes that can be difficult to navigate or understand. If you have retirement accounts, you'll need to know what to expect if you're planning to end your marriage. If you're an Illinois resident, here are some important details...
Executive compensation in a divorce
Getting a divorce can be a challenging process but ending your marriage with a millionaire comes with its own set of obstacles. There are several assets involved in a millionaire divorce, which means property division is a large part of the legal process. If you're an...
How to protect real estate in a divorce
Divorce for wealthy individuals can be challenging because there are significant assets to divide. That is especially true with real estate, which is illiquid and difficult to manage. For Illinois residents, protecting real estate portfolios during a divorce is a...
Protecting business interests with a postnup
Many married couples in Illinois find that financial issues become a source of contention in their relationships. One way of dealing with this problem is to sign a postnuptial agreement. A postnuptial agreement is similar, in some ways, to a prenuptial agreement in...
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...
What happens to art pieces during divorce?
You and your soon-to-be-ex have a say in how you want to divide property in your divorce. You know how to handle most assets, but you do not know what to do about your art collection. The American Bar Association discusses how art factors into the property division...
What do you plan to do with your home for the divorce?
Deciding what to do with the marital home in divorce requires knowing all available options. Do you know the most favorable option for you and your ex-spouse? To help, see what U.S. News & World Report says about the matter. Depending on your circumstances and...
Dividing assets in a high-conflict case requires a good strategy
Dividing your marital property has the potential to be difficult, especially if either you or your spouse feels that you've contributed more to the marriage and household than the other. Illinois allows for the equitable distribution of your assets, which means that...
