Finding A New Path Forward
When you divorce in Illinois, you face uncertainty about the future of a family business. The business often serves as a major marital asset so you need to understand how Illinois courts divide its value. How Illinois classifies business ownership Illinois follows...
Dividing things you own in a divorce can feel stressful. Art, jewelry, antiques and collectibles make the process more complicated. These items often carry money and personal value. They can also hold strong personal meaning. Knowing how to protect them can help you...
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...
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...
When a couple owns a business, divorce can lead to complicated questions regarding the division of assets. One common concern involves whether one spouse can claim future profits of the business after the divorce is finalized. Determining ownership interests Courts...
Divorce is a challenging process, especially when it comes to dividing assets and property. For farmers, the stakes can be even higher, as their livelihoods are often tied directly to their land. When facing divorce, you might understandably wonder if the process will...
Divorce represents the end of one life and the beginning of an independent future. While this process can be exciting, it can also be stressful and emotionally turbulent to work through numerous negotiations. The couple must reach compromises regarding child support,...
Many couples choose to forego the benefits of drafting a prenuptial agreement before getting married and working to merge their financial stability. While this pre-marital contract can help both parties clarify the various assets, property and debts they are...
A high asset divorce typically includes numerous complex assets that must be divided. Complex assets can include vacation properties, deferred compensation, investments and a family business. Before an equitable distribution can be reached, these assets must be...
When a once-loving relationship ends, both parties typically want the process to be over as quickly as possible. But an expedient exit can end up costing you in the short-term or long-term if you don’t understand the implications of all financial decisions. Money is...