Marital Property

Generic selectors
Exact matches only
Search in title
Search in content

Cars, Trucks and Motorcycles In An Illinois Divorce

By Russell Knight | April 10, 2020
| | | |
Cars and divorce in Illinois

An average person’s assets are usually relatively simple.  The average person may own a house, the average person might have a retirement account but the average person almost certainly owns some kind of automobile. So, what happens to a car,…

Read More

Is Illinois A Community Property State For Divorce?

By Russell Knight | April 7, 2020
| | |
Community Property in an Illinois divorce

Community property is a phrase that is often heard on television or the movies when they discuss a divorce.  The reason “community property” is so often mentioned in media is that “community property” is legal term under the California statutes. …

Read More

Bonus Income And Divorce In Illinois

By Russell Knight | April 3, 2020
| | | | | |
divorce in chicago and bonus

Money is a funny thing in an Illinois divorce. In a divorce, money is an asset which can be divisible or not based on whether it is marital.  In a divorce money is also evidence of income which can determine…

Read More

Freezing Assets During an Illinois Divorce

By Russell Knight | March 23, 2020
| | |
Freeze Assets in an Illinois Divorce

When a divorce begins, there is a fundamental lack of trust between the two spouses. This lack of trust is especially strong when it comes to finances. There will always be suspicion that one spouse will try to hide of…

Read More

Personal Injury And Divorce in Chicago, Illinois

By Russell Knight | August 8, 2019
| | | |
Personal injury and divorce in Chicago Illinois

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…

Read More

How Do You Get Legally Separated in Chicago, Illinois?

By Russell Knight | July 15, 2019
| | |
Legal Separation in Chicago

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…

Read More

What Happens To Foreign Property In A Divorce?

By Russell Knight | April 17, 2019
| |
Overseas property in a divorce

A married couple may be from a foreign country, have a foreign vacation property or have diversified their investment portfolio by buying foreign property.  Property is still property no matter where it is located.  The question is “What happens to…

Read More

What Is A Pre-Nuptial Agreement in Chicago, Illinois?

By Russell Knight | January 8, 2018
| | | |
What is a Prenup?

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…

Read More

Bitcoin, Cryptocurrencies And Divorce

By Russell Knight | January 6, 2018
| |
cryptocurrency and division of assets

***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 More

Who Gets The Jewelry In A Chicago, Illinois Divorce?

By Russell Knight | December 29, 2017
| | | |

Jewelry is a peculiar asset. Jewelry’s value has to be estimated by a professional before that value is known.  Jewelry can often “disappear” during a divorce. Most all, jewelry is usually a gift.  But, who gets the jewelry in a…

Read More