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In Illinois, a business that is considered marital property could be up for grabs in a divorce. According to Crain's Chicago Business, divorce could lead to bankruptcy for a company, especially if a spouse is involved in the management or operations. Even if your...
Child custody is often the catalyst for issues during divorce procedures in Illinois. This is also true when it comes to high-profile divorces, like the one between Angelina Jolie and Brad Pitt. According to ABC News, Jolie, who filed for the divorce, is not asking...
For married Illinois couples, splitting up assets can be one of the most challenges and contentious parts of getting a divorce. Obtaining proper valuations for all assets and then determining which spouse will receive which asset or parts of assets is no easy task....
Family businesses are alive in and well in Illinois and throughout the country. The thought of owning your own business can be as much a part of the American dream as can the thought of owning your own home. When you and your spouse make the choice to start, buy or...
If you are about to embark on a divorce in Illinois or maybe are already in the midst of one, you know how important it is to track your marital assets. The net value, including both assets and liabilities, of your marital estate may be a big contributor to your final...
No matter what your job or role in society, getting divorced can be messy business. If you happen to be a public figure of some sort, the messiness of a divorce can get even more complicated than if you were just the person next door. This applies to entertainers,...
Difficulty in agreeing to property division settlements can often be the reason that many Illinois divorces extend out over long periods of time. The presence of a significant asset portfolio can make things even more complicated. It can be a challenge to obtain...
People in Illinois who have made the decision to end their marriages have good reason to be concerned about their financial futures. A divorce can negatively impact people financially. This is true in any situation but for people with significant assets or income, the...
Part of the divorce process often involves property division, which can become complex in high-asset situations. At , we know that valuing a business owned by one or both spouses is an important part of determining marital assets. Our goal...
People who live in Illinois and face the prospect of divorce must struggle with many challenges. When unable to agree on how to stay married, the process of agreeing on how to divide assets is rarely easy either. Property division determinations can be very complex in...
