Selling marital assets during a divorce is ill-advised. Generally, you should not sell marital assets during a divorce, particularly without consulting with your divorce attorney, first. The amount of problems that the sale of an asset can cause far surpasses any benefit to be realized. As a result, the number one rule for selling marital
Continue Reading »Table of Contents1. How is retirement split in divorce in Illinois?2. Do I have to give my wife/husband half of my retirement?3. How can I avoid losing my 401k in divorce?4. Should I cash out my 401k before divorce?5. Will I lose my ex-spouse’s retirement if I remarry? Dividing retirement accounts during a divorce can
Continue Reading »Everyone reacts differently when faced with the end of their marriage and divorce proceedings. Some people get angry and want to fight, while others get very emotional and may withdraw from the process entirely. Others might try to get back at their spouse or act out by spending exorbitant amounts of money. This is what
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 »As divorce lawyers in Chicago, Illinois, an issue that we deal with from time to time is when a divorce judgment has allowed a spouse to stay in the marital home for a long period of time (in some cases up to 3 years), and then refinance the home. The situation gets worse when the
Continue Reading »If you are a business owner contemplating a divorce it is a good idea to familiarize yourself with business valuation issues that often arise in Chicago divorce cases. Property division issues in a divorce can become contentious and costly, especially when a business is involved. 6 Business Valuation Issues In a Divorce There are a
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