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When Illinois parents first get a divorce, you work out matters of child custody. Sometimes the court must step in to help make a decision. In the end, you must abide by whatever the court decides. But is the child custody order set in stone for life? Or are there...
Marriage is supposed to be forever. Unfortunately, that is not always the case. Prenuptial agreements can be a protective tool. Should you enter into one? According to Forbes, prenups are sometimes necessary. Prenuptial agreements can protect your personal rights,...
Getting divorced in California is hard enough without the added problem of financial wealth. Protecting your family’s wealth with a living trust can help keep assets within the family rather than being chipped away. What happens to the trust during a divorce depends...
When Chicago couples split, they must split their marital assets as well. This process can be arduous for anyone, but it is especially difficult for high asset couples. Today we will look at the issue of asset hiding. It can be even more common among those with high...
Divorcing parents in Illinois will eventually have to deal with child custody matters. It is common for parents to disagree. Sometimes, it is impossible for parents to reach a mutual understanding. In these situations, the court will often make custody decisions for a...
Money is a central question in any divorce. Who gets the house? How are the marital assets divided? The stakes are even higher – and more complex – when either spouse owns a business. It is likely your spouse was a supporter of your business as an active participant...
Every person seeking a divorce in Chicago goes in prepared to work through their property division with their ex-spouse; not every person, however, anticipates that their 401k's will be included amongst their marital assets. Yet as contributions made to a retirement...
Divorce is a difficult time for anybody going through it. However, an often-overlooked factor of divorce is the non-human entities that may have to deal with the consequences. While issues related to child custody are well-documented in Chicago divorces, dealing with...
Divorcing a spouse can be both challenging and stressful. After all, when you call it quits, you must face a new way of life. Fortunately, if you have no children, you do not have to worry about tackling a potentially bitter custody dispute. Your dog or cat may change...
For high-asset couples, it may be beneficial to know that Illinois is not a community property state. Determining what property falls under marital vs. separate can be a challenge. Understanding the difference can help you better assess what is subject to splitting...