Are you planning to file for divorce in the near future? One of the major points of contention and disagreement in many Chicago divorce cases is the classification and distribution of marital property. If you own any items or assets that you believe have a high market value, it is likely a good idea to include an appraiser in your divorce case. While it may be easy enough to determine the current market value of certain assets without the help[...]
When you are planning for your divorce and taking the early steps to dissolve your marriage, it is important to consider commonly made mistakes so that you can avoid them. In a high net worth divorce, or high asset divorce, there are a variety of common errors that can result in significant financial losses. By learning about those errors, you may be able to prevent making them yourself. The following are some of those common mistakes to consider as you[...]
As you may know, if you plan to file for divorce in Chicago, Illinois divorce law operates entirely on a no-fault basis. Accordingly, the party who has plans to file for divorce will not allege fault-based grounds for seeking a divorce, but rather will state the no-fault grounds under the Illinois Marriage and Dissolution of Marriage Act (IMDMA). In short, a party who files a petition for the dissolution of marriage must state that irreconcilable differences exist and the marriage[...]
Although many people in the Chicago area have a friend or family member who has gone through a divorce, it can be difficult to know precisely what is involved in the process until you go through it yourself. While each divorce case will have its own set of facts, and every married couple will have some specific issues that are particular to their marriage, the general divorce process will be similar for all parties given that divorces are governed by[...]
Many people in the Chicago area file for divorce because of the other spouse’s immediate actions. For example, as an article in Today highlights, a spouse will often make the final decision to file for divorce because the other spouse had an affair or because the other spouse has a serious problem with addiction. For most couples in these situations, there were problems in the marriage for quite some time before the actual divorce filing. Yet the spouse who is[...]
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