Finding A New Path Forward
Getting a divorce does not mean that spouses must divide all of their property 50-50. In accordance with Illinois’ equitable distribution approach to the division of marital property, courts attempt to distribute assets between spouses fairly. In many cases, an...
Asset hiding exists alongside divorce and has since divorce itself became legal. These days, many people attempting to hide assets in divorce turn toward cryptocurrencies to do so. But how and why do they do this? Transferring assets to crypto CNBC discusses the use...
One of the challenges of divorce as a business owner is ensuring the proper valuation of your business for the settlement. It can be challenging to assess the value of your own business for a divorce, but some professionals can help. You might need a forensic...
Even if it is the best decision in your situation, divorce leads to stress and difficulty for everyone involved. Understanding how long the process might take helps you prepare. Every situation is unique and many factors can impact your timeline, however, in Illinois,...
Tax deed foreclosure is a legal process by which a local government can sell a property to recover unpaid taxes. While the design of the process prioritizes fairness and transparency, it may not always work out that way. Read through to understand why the process may...
When you and your spouse decide to divorce, you may initially want to move forward amicably. An uncontested divorce has several advantages, including lower cost and faster processing time. However, if you begin to disagree with your spouse, you have several options on...
Illinois is one of only a few states that allows buyers to purchase tax-liable properties for a fraction of their fair market value. Investors love this opportunity, but there is a long and arduous process that buyers must follow. Courts often favor the seller...
If you and your spouse share an agricultural operation and are divorcing, you may have questions about how running your Illinois farm together might work. There are benefits and risks to cooperating on your farm with your ex. Consider these four challenges before...
Deciding to sever a marriage is often an emotional experience. What follows can be even more challenging. Divvying assets can create increased tension between you and your soon-to-be ex. The process is even more complicated when a family farm is involved. Illinois’...
In Illinois, child custody is now known as parenting time and division of responsibilities. The needs of the children come first and parents must stick to the plan and schedule determined by the court. The gender of the parent is not considered during the allocation...