Finding A New Path Forward
If you're facing divorce and co-own a family business, you might worry about keeping it intact. Some couples fear they’ll be forced to sell the company just to split assets. But restructuring the business could offer another option—if done correctly and with the...
When Illinois courts decide on child custody arrangements, they prioritize the child's well-being and overall best interests. In Illinois, custody decisions are typically categorized as either physical or legal custody. The court's goal is to ensure that the child has...
Divorce can disrupt the daily routine of children, leading to uncertainty and stress. You might worry about how your child will cope with new schedules, different homes, and altered routines. You may find it helpful to understand how to ease your child's transition...
Divorce is always challenging, but when a family farm is involved, the complexities grow. Creating a fair parenting plan for children in a farm divorce requires thoughtful planning, flexibility, and attention to the unique needs of both the children and the farm...
Divorce settlements become complicated when farm assets and debts are involved. For Illinois farmers, debt significantly influences property division. Business loans, mortgages, or personal obligations may create debt. Understanding how debt affects the settlement...
Dividing assets during divorce can raise complex legal issues, particularly when one or both spouses own a business. In Illinois, many individuals wonder whether a divorce can result in the forced sale of a business. The answer depends on several legal and financial...
Moving between homes can make school harder for kids, especially when one parent lives on a farm and the other in a different place. Farm work often starts early and lasts a long time, which can make it tough for kids to get to school on time and finish homework....
Child custody decisions in high-asset divorces involve many factors, especially when a family business or farm is at stake. Courts focus on the child's best interests, but succession planning can shape custody arrangements by providing financial stability and a clear...
A business divorce can complicate ending a partnership, especially when a couple owns the business together or one spouse holds partial ownership. Determining the value of the business is crucial in dividing assets fairly. How one handles the business valuation can...
Farming often involves a deep connection to family, land, and community. When a marriage includes farm ownership, couples must protect those assets. A prenuptial agreement provides security and clarity, ensuring the farm’s future remains safeguarded in case of...