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Divorcing couples in Illinois usually have a number of concerns going into the process. Next to addressing issues about how to co-parent children, the main questions revolve around financial support and how to divide any assets. In the best of circumstances, such...
Divorce can be complex and emotionally taxing for Illinois couples, especially when dividing assets such as art collections. For many couples, an art collection is a significant financial investment and a reflection of their shared interests and values. Appraising the...
When you have a medical practice in Illinois, your divorce process can be a complicated one. A practice is unlike other regular assets, and there are certain steps you will need to take to ensure a fair and equitable resolution. Understand the value of the practice...
Divorces can be complicated in Illinois, and dividing assets, such as a pension plan, can be one of the most challenging aspects of the process. A pension plan is a retirement savings plan designed to provide income to an individual after they retire. It can be a...
Many people participate in 401(k) plans at work, making it one of their most valuable assets. When a couple decides to divorce, their 401(k)s play a significant role in the divorce settlement or court order. Here are the details about dividing assets/pensions in a...
No one ever expects to get a divorce, but when it happens, it can have a major impact on your business. If you are the owner of a business, then you need to be prepared for the possibility that things will change drastically once your divorce is final. Your employees...
You have built a successful life but now find that your Illinois marriage has become untenable. The decision to divorce raises many concerns about your future financial situation. If you are a parent, then you will have additional worries about how the split will...
If you’re getting divorced in Illinois, how you’ll be affected by taxes is probably the last thing on your mind. However, preparing for and taking care of this element is essential if you don’t want to get a big surprise from the IRS. Factoring in the tax effects of...
