If you’re like many divorcing couples, your home is your most valuable shared asset. Many couples opt to sell it and split the profit so they’ve each got a nice bit of money to start their new lives. In a seller’s market like we’re seeing now, getting a good price...
Property division
How is a QDRO calculated?
When dividing a pension plan, a Qualified Domestic Relations Order will often be used. This order specifies that someone other than the employee should benefit from the pension. This person would be the ex-spouse after the divorce. This is a useful tool because it...
Two factors that can influence “equitable distribution” in a Chicago divorce
No couple enters into marriage with the goal of divorcing one day -- but divorce can happen to anybody. When a couple decides to end their union, one of the questions they have to grapple with is how marital property will be divided. Like other aspects of divorce, the...
Are you on the hook for the cost of your spouse’s student loans?
During a divorce, one of the things you’ll need to do is to decide how to divide your debts. One of the debts that you may share is your partner’s student loans. Student loans that are taken out during your marriage could be marital debts in some cases. The fact that...
3 assets that can lead to complications in an Illinois divorce
Most couples planning to divorce don't agree about the best way to split their property. Couples can argue over everything from their art collection and furniture to their vehicles. However, there are certain assets that are more likely than others to lead to serious...
Can you and your ex continue to own a family business?
The demographics of a family change when there’s a divorce. For some families, this is a transition that is easier to accept. However, there are times when external factors might affect the income stream of both spouses. One of this occurs when the parties who divorce...
Commingled funds affect property division in high-asset divorces
When people get married, they rarely assume that the marriage will one day end in divorce. Most couples begin to share everything right from the start, including their separate property. For example, if you earn more than your spouse, you might routinely use your...
How is property divided in an Illinois divorce?
One of the biggest concerns someone faces when they decide to divorce is how they will divide their property and assets with their spouse. If you’ve been married and have a home, how are you going to split that with your spouse? Or your country club membership? Will...

