Conducting business and processing a divorce are separate endeavors that require significant time, effort and financial resources. When taken on simultaneously, they can be profoundly disruptive to both company and family members. Thus, it will help if soon-to-be...
You and your spouse have worked hard to accumulate valuable assets and build the marital standard of living you enjoy today. It does not matter whether one took on the role of homemaker while the other pursued a rewarding career or you have a dual-income household....
Divorce can lead to significant financial obligations, including child support, spousal support, and other costs. Most of the time, involved parties might only focus on the essential expenses related to the process. Still, the divorcing couple might face add-on costs...
The property division aspect of divorce allows parties to protect their individual financial interests and receive their fair share of the marital properties. However, the process will not work in terms of fairness if one of the parties fails to disclose or...
The division of marital property is an essential part of divorce. Both assets and debts may qualify as marital property, depending on when and how they were acquired. Depending on the circumstances of your divorce, you may end up settling the bill for your ex's debts....
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...
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...
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...
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...
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...
