While trusts are valuable long-term planning tools, they seldom shield assets from a spouse’s claims during a divorce. Courts often look beyond legal
Dividing Employee Retirement Accounts in a Divorce
A QDRO (Qualified Domestic Relations Order) is a specialized court order that divides certain employer-sponsored retirement plans in a divorce without
Dividing a Timeshare in a Divorce
Timeshares are often among the most burdensome assets to resolve in a divorce. Between stagnant resale markets, escalating annual maintenance fees,
How Does Divorce Impact the Family Business?
In a divorce, if a spouse has an ownership interest in a closely held (family) business, the interest may be classified as marital property subject to
Pet Custody in Illinois and Division of Marital Assets
In the beloved 1997 comedy Air Bud, a classic courtroom showdown unfolds when two feuding owners stand on opposite sides of the room, desperately
Dividing Credit Card Debt in Divorce
In an Illinois divorce, when there is credit card debt in one spouse’s name, but the accrued debt benefited both parties during the marriage, the debt
Identifying and Dividing Digital Assets in Divorce
In Illinois, digital assets are subject to division of marital property in a divorce under the Illinois Marriage and Dissolution of Marriage Act
Hiding Assets in an Illinois Divorce
Hiding assets in an Illinois divorce is illegal under the Illinois Marriage and Dissolution of Marriage Act (750 ILCS 5/501), which mandates full
Steps to Uncover Hidden Assets in a Divorce
If you believe that your spouse is hiding assets in a divorce, it is important to work with an experienced divorce attorney who can guide you through