Finding A New Path Forward
When you own a family farm and plan to end your marriage, divorce often becomes complicated. Will you keep the business and do you have to continue to work together? Review these and other considerations for divorcing farm owners in Illinois. Property division...
The effect of a divorce on a family’s typical schedule and routines can be difficult for parents to navigate. Likewise, the changes can feel especially distressing and disruptive to children. After resolving how to allocate parenting time, parents need to work...
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...
Adjusting to a post-divorce life can be an exhilarating and frightening experience. Often, the newly-divorced struggle with financial changes, lifestyle changes, parenting changes and schedule changes. Unfortunately, this level of chaos tends to overshadow other...
Prenuptial agreements have been a legal option for quite some time. However, due to commonly held negative perceptions about such agreements, many people may have avoided signing them before exchanging vows. After all, divorce probably isn't the first thing your mind...
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...
Divorcing parents must devote significant energy to developing a comprehensive parenting plan that will guide them in the months and years that follow. Balancing the needs of the children with the needs of the adults can be a challenging experience that often becomes...
Assigning debt responsibility can be a challenging aspect of any marriage that has lasted years or decades. Financial elements can quickly become intertwined making it difficult to decide who will take responsibility for what debt. These three tips, however, can make...