by Russell Knight | Apr 7, 2020 | Divorce, Family Law, Marital Property, Non-Marital Property
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. All of these...
by Russell Knight | Apr 3, 2020 | Child Support, Divorce, Family Law, Illinois Law, Maintenance, Marital Property, Non-Marital Property
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 child support and maintenance (formerly known as alimony). ...
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 | 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 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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