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...
by Russell D. Knight | Dec 27, 2017 | Divorce, Family Law, Marital Property, Property Division
When someone asks me “Who gets to live in the house during the divorce?” My first advice to any potential client is that you have to take care of yourself first. Take care of your physical, mental and emotional health. Most often this means moving out...
by Russell D. Knight | Dec 10, 2017 | Divorce, Family Law, Illinois Law, Marital Property, Non-Marital Property, Property Division
In 12 years of practicing family law in Chicago, Illinois I’ve found that parties almost always separate and begin pursuing separate lives before they even file for divorce. Often, the parties will then believe that a “line in the sand” has been drawn where...
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