Tag Archives: divorce law
The Possible Effects of Marital Misconduct on Your Divorce
Couples get divorced for countless reasons. Some simply drift apart while others were never really compatible from the beginning. In some cases, however, destructive behavior on the part of one spouse leads to the eventual breakdown of the marriage. While the law in Illinois officially recognizes divorce on the grounds of irreconcilable differences, there are some ways in which marital misconduct could affect the process and yourContinue reading
Common Mistakes in a High-Asset Divorce
Divorce is rarely easy in any situation. It can be even more challenging, however, when there are substantial amounts of money or valuable property involved. The complexities presented in a high-asset divorce can lead to months and, in some cases, years of complications as a single mistake can literally cost you millions of dollars. Unfortunately, many people in the midst of a high-asset divorce fall victim toContinue reading
Retained Earnings in Divorce
When a couple decides to divorce, among the more contentious issues is often how assets and property are to be divided. Either spouse’s ownership or investment in a businesscan make property division even more complicated. One of the biggest challenges is determining how much of a company’s value, in general, and, specifically, retained earnings are to be considered marital property, subject to equitable distribution upon divorce.Continue reading