by Russell D. Knight | Aug 8, 2019 | Divorce, Family Law, Illinois Law, Marital Property, Non-Marital Property
Big changes in life can often be a trigger for a divorce. There are fewer bigger changes than sustaining a significant personal injury and then receiving a subsequent settlement or award for that personal injury. Often, this change in physical and financial...
by Russell D. Knight | Jul 15, 2019 | Divorce, Family Law, Illinois Law, Marital Property
Legal separation is a good scenario for conflict: not quite married, not quite divorced. Not surprisingly, people are always getting legally separated on television because it adds conflict to a storyline. This leads the American public to believe that legal...
by Russell D. Knight | Apr 17, 2019 | Divorce, Family Law, Marital Property
A married couple may be from a foreign country, have a foreign vacation property or habe simply diversified their investment portfolio by buying foreign property. Property is still property no matter where it is located. The question is “What happens to...
by Russell D. Knight | Jan 8, 2018 | Divorce, Family Law, Illinois Law, Marital Property, Property Division
The term “pre-nup” is part of pop culture’s nomenclature. We hear about it on television, we hear about celebrities and athletes entering into pre-nuptial agreements, and we hear about it in music. However, how does a pre-nuptial or premarital agreement actually work,...
by Russell D. Knight | Jan 6, 2018 | Marital Property, Non-Marital Property, Property Division
In 2017 millions of people invested in Bitcoin and other cryptocurrencies. Millions of people also got divorced. Therefore, several Bitcoin owners got divorced and had to address the division of their marital assets…which included this new and strange asset which is...
by Russell D. Knight | Dec 29, 2017 | Divorce, Illinois Law, Marital Property, Non-Marital Property, Property Division
Jewelry is a peculiar asset: it’s value has to be estimated and it can often “disappear”. Most all, it is usually a gift. But, who gets the jewelry in a Chicago, Illinois divorce? In Illinois, the first step is determining whether the jewelry is marital property or...
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