Common Mistakes in a High Net Worth Divorce

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[...]

What is the Divorce Process Like in Chicago?

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[...]

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[...]