In Chicago, many divorcing couples leave money on the table simply because they overlook key tax strategies. With a well-informed plan, you can safeguard your finances and retain more of your hard-earned money. Fortunately, a few strategic decisions can make a real...
Chicago Divorce And Family Law Blog
5 tax traps to avoid in your Illinois divorce
Dividing assets in a high-stakes Chicago divorce is more than just splitting accounts. For executives and entrepreneurs, failing to account for tax codes can lead to major financial loss. Therefore, you must recognize these traps before you finalize your agreement....
What is the difference between a civil union and a marriage?
Big life changes often bring questions about a relationship status. Chicago couples who start families, buy homes or share finances sometimes wonder whether a civil union or a marriage makes more sense. Illinois law gives both nearly the same rights at the state...
Asset commingling in Illinois divorce: How courts divide it
Commingling happens when you mix your own money or property with your spouse’s during the marriage. For example, if you put money you had before the marriage into a joint account, it may no longer count as yours alone. In an Illinois divorce, this matters because...
How are luxury real estate assets divided in a divorce?
Luxury real estate adds significant complexity to any divorce. High-value properties involve more than just a roof and walls. Illinois law requires an equitable distribution of marital assets during a split. You must understand how the state treats these massive...
High-net-worth divorce: what to do after finding hidden assets
Getting divorced when significant wealth is involved adds layers of complexity, especially if you suspect your spouse is secretly hiding assets. Uncovering hidden assets, such as undisclosed offshore bank accounts, is a critical step in a high-net-worth divorce. You...
Emergency Orders in Custody Disputes: When Are They Granted?
An emergency custody order is a short-term court order that judges use only when a child faces immediate risk to health or safety. These orders protect a child quickly while the court schedules a full hearing. What qualifies as an emergency Courts reserve emergency...
How is child custody handled in LGBTQ+ divorce cases?
If you are an LGBTQ+ parent in Chicago going through a separation or divorce, you may need clear guidance on what shapes custody outcomes. You may want to know who makes major decisions, how you divide time with your child and how you maintain consistent involvement....
Fighting back against spousal fraud during a divorce
People who lie during a marriage are quite likely to lie during a divorce. Even those who have been relatively respectful and honest during a marital relationship may change during divorce proceedings. The intense emotions that accompany the end of a marriage may...
How do Illinois courts determine if a parent is unfit?
Proving a parent unfit can significantly impact child custody and welfare. Lawmakers designed this process to preserve the delicate balance between parental rights and the child's best interests. Those who are working through these complicated legal issues are wise to...