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Property Division Archives

Weathering divorce as a 20-something

31217153_S.jpg There is no perfect time to get divorced. At every stage of life, married couples must grapple with both common and unique circumstances related to age, marriage duration and a host of other factors. The bottom line is that if your marriage is not a healthy and happy one, and it is unlikely to become a healthy and happy one, you may benefit from the divorce process. This simultaneously challenging and potentially liberating reality is true regardless of your age and regardless of how long you have been married to your spouse.

Prenups: some issues can be included, while others can't

A couple of weeks ago, we wrote a blog post about prenuptial agreements, and how you and your spouse should at least consider the possibility of a prenup even if you ultimately decide against signing such a contract. It is still an important discussion to have -- but it's up to you and your spouse to determine whether or not such an important contract is right for your marriage.

A property division primer for Illinois residents

13728086_S.jpgProperty division is a fundamental part of divorce, and there are many people out there who are intimidated by the idea of dealing with property division. This is perfectly understandable, because property division can be quite complicated. Allow us to explain some of the basic elements to property division to allow you to go into your property division discussions with more confidence.

Determining whether a prenuptial agreement is right for you

43433220_S.jpgShould you and your spouse sign a prenuptial agreement before walking down the aisle? It's a difficult question to answer, and you shouldn't decide on anything without having some thorough conversation with your spouse. The two of you need to be on the same page before signing such an important document.

Basic good advice as you prepare for your divorce: Part II

11696462_S.jpgIn our last post, we began a discussion about what we can learn from celebrity divorces - or more precisely, what wisdom we can gain from celebrity divorce attorneys. In a recent interview with Parade magazine, family law attorney Ira Garr shared what he has learned while representing celebrities in divorce and other family law disputes.

Basic good advice as you prepare for your divorce: Part I

29765997_S (1).jpgCelebrity divorce is a familiar story here in the United States. In fact, it is more noteworthy when famous actors, sports stars and other celebrities enjoy long and happy marriages. Yet when these high-profile divorces occur, many people can't help being interested spectators.

How to reach a fair divorce settlement when a business is involved

9901795_S.jpgIf you're a business owner going through divorce, then you probably have concerns about the future of your business. After all, the law in Illinois requires that marital property be divided equitably between the spouses, and business assets acquired during the course of a marriage can be subject to property division.

The problem that was and is facing same-sex couples

24354803_S.jpgWhen the U.S. Supreme Court handed down its landmark decision regarding same-sex marriage last month, it changed the face of family law across the entire nation. No longer were same-sex couples forced to live as second-class citizens, some had said, in states that did not recognize their unions. They now had the same rights as heterosexual couples -- rights that might not have been possible if the high court had ruled differently.

Accurate valuation and tax considerations crucial in dividing retirement funds

41127526_S.jpgProperty division in divorce can have long-term financial repercussions, and it's important to have a good property division lawyer on your side. Among the assets that can be divided in divorce, retirement funds may be particularly important to hold onto if you want to live comfortably in your golden years.

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