Category: Asset Division Attorney

Evaluation of Business Assets and Commercial Holdings in a Divorce
Posted February 05, 2020

If own a business and are going through divorce proceedings, the business can be considered a marital asset and split accordingly. However, allocating a fixed monetary value to an enterprise or commercial holdings is challenging. To divide these fairly, the court needs evidence of their existence and how much the business is worth. There are […]

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Equity Division of Assets during a Divorce
Posted September 27, 2019

During a divorce, a couple’s house is usually the most expensive financial asset that needs careful division. Like sharing responsibilities in child custody, equity division of a house – or other financial asset, is also an important part of the divorce agreement. The way equity division happens and what assets can be divided are governed […]

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Divorce and a Spouse’s Cash Income
Posted May 30, 2019

What to do When Your Spouse Hides Income? Divorce is a challenging and difficult procedure for any couple looking to go separate ways when their marriage falls apart. During a divorce proceeding, it’s not uncommon for a spouse to hide their cash income. If a spouse has a business deal or a job that pays […]

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Understanding Fair and Equitable Asset Division in Illinois Divorce
Posted November 22, 2017

Illinois is an equitable distribution state when it comes to dissolution of marriage. During a divorce, it can be a daunting task to evaluate and divide marital property, especially when significant assets are involved. Deciding who should get what often leads to contentious court proceedings, where one spouse tries to provide maximum amount of assets […]

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Reaching an Agreement on Asset Division
Posted April 24, 2017

After filing and finalization of divorce, the couple in question can have disagreements on how they want to split certain assets that were bought by the couple together. Although there are cases where couples mutually agree on a 50-50 split, but there are certain things such as the house they were living in or the […]

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Property Division in Illinois – Marital Property vs. Non-Marital Property
Posted March 16, 2017

In Illinois family courts, the division of assets and property acquired during the marriage is done equitably, instead of equally. But things start to get confusing when it comes to distinguishing marital property from non-marital property. Illinois is not a community property state, and everything from money to assets and estate acquired during the time […]

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