How to Find Hidden Assets in a Divorce

Whether you are in the process of getting divorced or are planning to file for divorce, you will need to know more about property division. When it is time to divide marital property, the prospect of your spouse hiding assets can be extremely frustrating. While both parties in the marriage are required to disclose information concerning all assets and liabilities from the marriage under the Illinois Marriage and Dissolution of Marriage Act (IMDMA), there are situations in which one of[...]

What is Commingled Property in a Divorce?

If you are planning to get divorced in Chicago, you should learn more about how the process of property division will work. Under the Illinois Marriage and Dissolution of Marriage Act (IMDMA), all marital property will be subject to division while all separate (or nonmarital) property will not be divided as part of the divorce. When both spouses can reach an agreement about how marital property will be divided, they are permitted to enter into an agreement to distribute the[...]

Will the Court Divide My Inheritance if I File for Divorce?

When you are thinking about divorce and learning more about property division in Illinois, we know that you are likely to have many questions. One common set of questions we often receive concerns the classification of marital property for purposes of distribution. For example, are there any kinds of property acquired after the date of the marriage that can be classified as separate property? Or, for instance, are there situations in which property acquired by one of the spouses many[...]

What You Need to Know Before Filing for Divorce

For many people in Chicago who file for divorce, there is a significant amount of relief when the divorce is finalized. At the same time—as with any other major life decision—there are often things newly divorced individuals wish that they would have done during their divorce or that they would have known. In other words, people learn lessons during their divorce about how they would have approached a certain issue or problem if they were to encounter it again. A[...]

Changes to Illinois Spousal Maintenance Law in the New Year

Beginning on January 1, 2019, the way that spousal maintenance payments are taxed under federal law will change. This change is likely to have a significant financial impact for divorcing couples in Chicago and throughout the state of Illinois. Recognizing that the changes to the federal tax law under the Tax Cuts and Jobs Act (TCJA) will change the way that couples in Illinois are planning for divorce in terms of the financial effect, the state legislature amended the Illinois[...]