Category: Asset Division Lawyers

U.S. states follow either of two approaches when it comes to in a divorce settlement; namely the equitable distribution method and the community approach. However, most states such as Illinois prefer fair equitable division. While it is fair, it doesn’t necessarily mean it’s equal. Asset Division in Illinois Rather than dividing marital property straight down […]

Many businesspeople presume that they are the sole owners of their business and assets, however, the law may think otherwise in case of a divorce between couples. It is evident by a controversial divorce case in 2016, Rupert Murdoch paid her wife Anna Murdoch a gigantic amount of $1,700 million in divorce settlement. In most […]

After child custody, property division is the second most common issues which is a major bone of contention between couples undergoing divorce. Most states practice a community property system where all the assets and debts of the couple are divided equally regardless of each spouses’ individual share of those assets or debts. Although in Illinois, […]

Divorce is not something couples think about when they make the decision to spend their life together. Unfortunately, when things turn sour and the hard choice to get a divorce lurks around, the best thing to do is prepare for a divorce by consulting a divorce lawyer. The Commingling and the Prenuptial Agreement Both partners […]