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Category: Marital Property

“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein.

Paid Time Off In An Illinois Divorce
Marital Property

Vacation And Sick Days In An Illinois Divorce

People get paid all sorts of ways. Employees get paystubs, benefits, and per diem accounts. Employees even get paid for NOT working when they are paid for their accumulated vacation and sick days. For an

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Forensic accounting in an Illinois divorce
Marital Property

Financial Experts In An Illinois Divorce

The cartoon character Scrooge McDuck would keep all his wealth in one place: a giant vault. Scrooge would then swim in the money he had amassed in order to count it. In real life, wealth

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Engagement Ring In Illinois Divorce
Marital Property

Who Gets The Engagement Ring In Illinois?

Traditionally, men ask women to marry them by buying them a diamond ring. The “rule” is that the diamond ring should be worth two months of the man’s salary. That is a lot of money.

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Children getting gifts in an Illinois divorce
Marital Property

Gifts To Children During An Illinois Divorce

A divorce with children often provokes selfless feelings by the parents. “So long as the kids are okay,” can quickly turn into, “So long as the kids get everything.” Parents can find themselves transferring marital

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Assuming a mortgage after an Illinois divorce
Marital Property

Mortgage Assumption In An Illinois Divorce

For forty years it was simple to get your spouse off your mortgage so you could keep the marital home after an Illinois divorce. The spouse that kept the marital house would refinance the mortgage.

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