For most couples, divorce involves a pretty basic division of assets—marital home, bank accounts, retirement accounts, cars, and personal property. But for some high-income couples, especially those who own businesses and/or who work or are interested in investments like stocks, real estate, trusts, collections, and partnerships, any of which can create a very complicated financial
Continue Reading »On average, most folks planning for a divorce think about filing for divorce for two or more years prior to actually filing a case. They may be attending therapy, or speaking with friends and family about the possibility of a divorce, and they give themselves time to think about the process and if it is
Continue Reading »One of the most difficult parts of being a co-parent in child custody cases is communicating with the child’s other parent. You both want the same thing, a great life for your child(ren). You don’t want a bunch of drama with your ex or with the child’s other parent. That’s why people frequently put off
Continue Reading »For many couples, the thought of a prenuptial agreement seems like a hex on the marriage, like you’re dooming it to fail by contemplating a possible end. But the reality is that all marriages will end someday, either through divorce or death. In either situation, it is important to be sure that financial protections are
Continue Reading »In an Illinois divorce, any property, money, or debts acquired during the marriage is considered marital property and must be divided between the husband and wife. So however, if you are concerned about keeping certain assets separate or protecting assets from division in divorce, there are a few things to keep in mind. 3 Ways
Continue Reading »High asset divorces typically involve many different types of assets which need to be allocated or otherwise divided. Generally, this includes retirement accounts. Retirement accounts are most commonly 401(k) accounts or Individual Retirement Accounts (also known as “IRAs”). Occasionally, they will involve a pension, which is another type of retirement account. In the divorce settlement
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