Marital Property
Being married means starting a life together. For most people, that means owning property together in furtherance of building a home and a family. That real estate can be held in a variety of ways based on how the deed…
Read MoreTrust funds are way to set aside money for a specific purpose. Trusts are especially useful for applying money for the benefit of someone who cannot manage the money themselves such as a child. A trust is “an equitable or…
Read MoreCash money has a strange effect on people. Cash seems more real because you can touch and see the money. Cash is not just digital numbers on a spreadsheet somewhere. Cash can be instantly transferred or received. If no one…
Read MoreHas anyone really been surprised that they got a divorce? I don’t think so. Instead, couples facing divorce plan for months or years for their divorce. They organize their schedule around the kids. They build up an emergency divorce fund.…
Read MoreWhen you know you are getting divorced, you don’t need to wait for a court to order a division of assets to start dividing items. Couples usually each claim the car they were driving, their clothes and even pets well…
Read MoreIn the panic of considering a divorce in Illinois, both parties will be quick to consider the “worst case scenario” and research what they are each entitled to. Inevitably, the parties to a potential divorce specifically want to know what…
Read MoreWhile a divorce is usually about who gets what asset, most people have a mix of assets and debts. A married couple’s debts are also divided in an Illinois divorce. Illinois divorce courts “shall divide the marital property without regard to marital misconduct…
Read More***Updated in March 2021 to reflect the massive interest in cryptocurrencies*** Millions of people have purchased Bitcoin and other cryptocurrencies. Millions of people have also gotten divorced. Therefore, several Bitcoin owners got divorced and had to address the division of…
Read MoreWhen I was a child in the early 80s, I remember adults discussing inflation and its effects. Then, the issue of inflation disappeared for 40 years. Now, inflation is back and it is impacting all of our assets, incomes and…
Read MoreWhen you marry someone, you make a promise to them that will last years and years. When you take out a mortgage, you also make a promise that will last years and years. Extracting yourself from the obligations of a…
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