Co-parenting has become the norm in recent years. Chicago parents seeking a divorce should look to a co-parenting plan as a roadmap for the future of their family. Co-parenting plans are a positive way of considering possible conflicts and avoiding them turning into...
Even if your impending divorce is amicable, it will considerably impact your finances and your business, as your spouse will have a claim to everything in your name. Illinois is an equitable distribution state, so keep that in mind when determining how to split assets...
Wealthy couples going through a divorce in Illinois often have a conundrum that those with fewer assets don't face, namely, how to equitably divide assets in a business that both spouses own. Many of the issues involved can become contentious requiring careful...
If you are going through a divorce in Illinois and have children, you will need to decide on a custody arrangement that's good for your kids and fair for you and your ex-spouse. Here's how you can go about this. Consider the type of custody you want There are two...
The amount of research done into LGBTQ families has been growing all the time, and it's only through the work of scholars and researchers that some of the harmful myths surrounding these communities have finally been dispelled. These types of families are nothing new,...
Married individuals who belong to the baby boomer generation are most likely to get divorced. In fact, 40% of baby boomers were already divorced as of 2010. A couple who has been married for decades usually has more assets such as real estate, Social Security benefits...
Prior to 2018, Illinois only recognized pets as marital or non-marital property in the event of divorce. Now, when both parties in a divorce cannot reach an agreement on pet custody, the court may rule on it for them, and pets receive custody agreements much like...
Many Chicago couples use different forms of asset management during their marriage to increase their income and start building nest eggs. However, when it comes time for a divorce, asset management can backfire. What are the rules about how assets are split? Largely,...
Gay and lesbian couples as well as people in relationships with bisexual, trans and gender non-conforming folk may face obstacles when forming families. Adoption in Illinois is especially challenging, with many states offering little to no legal protection for LGBTQ...
Chicago couples going through a divorce often have difficult conversations about how to split assets and property. These conversations become immensely more complicated when one spouse has what's referred to as executive compensation. What is executive compensation?...
