If you get a divorce, you may cede your Illinois home to your spouse. However, if your name is still on the mortgage before, during or after the divorce, you could still be liable for payments even if you no longer have a right to the property. There are several ways...
High-asset Divorce
5 common challenges when running a business during divorce
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...
Is your spouse squandering marital assets during the divorce?
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....
Protect your art collection from divorce
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...
What happens to your trust assets during a divorce?
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...
Divorce and executive compensation
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...
What should you do with your home when you divorce?
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...
Dealing with your art collection in a divorce
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...
How divorce affects your business, and how to protect it
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...
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...