Your family business started with a little money and a dream. Now it’s worth millions, and it generates a very nice income for your family. However, you and your spouse are equal co-owners, and you work together at the company. You’re thinking about getting a...
Illinois, like a majority of other states, uses the equitable distribution standard for splitting up property in a contested divorce. Simply put, if you and your spouse can't figure out how to separate your belongings, the judge overseeing your divorce will make a...
Setting money aside for retirement is something that many married couples do together. They likely plan for a joint budget and consider the income of both spouses when figuring out how much they can save. Retirement accounts can quickly become a source of contention...
Having more assets often means facing a much more difficult time in divorce. Not only will you and your spouse have more to fight about as the divorce proceeds, but there is a greater risk of an unfair outcome because you have so much property. One of the most...
Property division has the potential to be one of the most contested details of your divorce. Both you and your soon-to-be ex-spouse are fighting tooth and nail for every asset, so you’re sure to clash at some point. As you prepare for divorce, make note of the...
Debt is not something people like to talk about. Even though it is a reality for almost everyone across the country, it is a personal matter that many people prefer to keep private. However, there are times when individuals must address debt openly and honestly. One...
The family home is a treasured asset. It is where parents raise their children and develop their entire life. The home certainly carries an emotional value, but it also has significant financial value. Since spouses often purchase their house together during the...
There is no doubt that one’s financial situation plays a large role in their divorce. After all, spouses must divide the property they shared during the marriage between them, including anything from their income to their savings accounts. Some experts believe that...
A vacation home can offer a nice escape from one’s busy everyday life, while still being a home away from home. It might be a nice retreat for the whole family, but it can become a large point of contention for spouses in the event of a divorce. If spouses face a...
Financial matters are most often the biggest issues in a divorce. After all, Illinois law requires divorcing spouses to divide their marital assets equitably. The process of dividing that property can lead to significant disputes over who gets what – or how much. Both...
