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What You Need to Know About Your High Asset Divorce

Published
Categorized as Divorce, High Asset Divorce

While every divorce is unique, high-asset divorces bring a specific set of challenges.   They often involve complex financial holdings like pensions, retirement accounts, and business ownership. These issues can create significant hurdles, whether children are involved or not. For high-income earners or those with substantial assets, navigating these complexities requires careful planning to ensure

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How Are Pensions Divided in Illinois Divorce? What You Need to Know

Published
Categorized as High Asset Divorce, Property Division

In Illinois, pension division in divorce follows equitable distribution rules.  These rules aim to divide marital assets fairly but not necessarily equally. The portion of a pension earned during the marriage—called the marital portion—is treated as marital property. Courts typically award the non-earning spouse a share of these benefits. Illinois courts will look at several factors

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Dividing Retirement Accounts in Divorce: A Comprehensive Guide for Illinois

Published
Categorized as Illinois Divorce, Property Division

Going through a divorce can be a challenging time for anyone, and when retirement accounts are part of the marital assets, it adds an extra layer of complexity. Dividing assets like 401(k)s, IRAs, and pensions during a divorce can significantly impact your financial future. It’s essential to understand how Illinois law treats retirement accounts in

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