High-Asset Divorce

A divorce is taxing on all Illinois estranged couples, but things can be even worse if your child blames you. Kids can have just as tough a time with the change in the family situation and lash out for a variety of reasons. These are some things you can do if your...

Dividing major assets during a divorce is always an elaborate process. In Illinois, assets like a health savings account (HSA) are up for negotiation during a divorce. An HSA isn’t like health insurance A health savings account is more like a 401K or Roth IRA than...

In Illinois, depression is a serious mental illness that can lead to a wide variety of problems in a person's life. One of the most common ones is marital strife and ultimately, divorce. It's important to understand how depression can lead to such problems so that you...

No matter what you plan for retirement, major life events can occur unexpectedly and change your plans. One of the most common unexpected life changes is divorce. New Jersey residents counting on Social Security benefits for their retirement may suddenly find...

A major concern for Illinois residents who have acquired many assets is how to protect them when their marriage comes to an end. While finances are a concern in most divorces, in a high asset divorce the stakes can be significantly greater. Planning for the future is...

Same-sex marriage in Illinois often offers the same benefits as a heterosexual marriage. This means that each party can be on the other person's healthcare plan or receive exemptions regarding taxes. If you make the decision to divorce, then the process is typically...

When doctors in the Chicago area decide to divorce, their medical practice may become a significant issue in the settlement. The value of the medical practice as part of the doctor's finances is often the largest single asset involved in the divorce, even though many...

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...

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...