Divorce

Businesses are quantifiable assets in an Illinois divorce subject to equitable distribution. First, the court will require the valuation to determine how to divide the business, especially if liquidation is necessary. How do you value a business for a divorce? In...

A crucial element of divorcing with children is addressing their needs, and those needs change as children get older. If you have a child nearing college age, you will need to address college costs with your ex-spouse. Questions to consider about your finances Start...

After divorce, one spouse might require financial support to live independently. Each separation is unique, and the courts evaluate all the circumstances when determining if financial support is necessary. Knowing the answers to these frequently asked questions about...

When lovebirds marry, the expectation is that the relationship will last forever. Despite best intentions, a large number of marriages wither on the vine. If yours is ending, the question of alimony looms large. You are likely wondering what factors Illinois courts...

Splitting assets is an expected part of a divorce. However, the procedure can be more challenging when you and your spouse own valuable property, businesses or retirement accounts. If either of you has an extensive financial portfolio, expect a thorough investigation...