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?...
In Chicago, high-asset divorce can be a complex and lengthy process because of how long the financial assets take to unwind. When a couple has accumulated significant wealth, it is usually in a variety of instruments and special accounts that will have rules for...
The split between actor Kaley Cuoco and equestrian Karl Cook is nearly final, with the high-profile couple close to settling their amicable divorce. Cook and Cuoco married on June 30, 2018 and announced their separation on September 3, 2021. In a joint public...
Child custody schedules, as some Illinois parents will discover, are as unique as the situation each family faces. Additionally, as the needs of the children and the family change over time, so will the schedule. However, even more than that, they will look different...
Bill Gates famously innovated the technology world, making him one of the wealthiest people in the world. The financial consequences of divorce with his wife Melinda might provide insights to those concerned about asset distribution when an Illinois marriage falls...
The Bill and Melinda Gates divorce was one of the highest-profile separations of 2021. Their split got enormous media coverage as did the financial assets divided up between them. The financial impact of the Gates's divorce Many couples going through the divorce...