by Russell D. Knight | Nov 17, 2018 | Divorce, Property Division
Owning a house is a big deal, financially. So, what happens to your house during a divorce in Chicago, Illinois? Most people’s biggest asset is their house. But, the marital home is typically held by two people as a couple together because, as a couple, they were...
by Russell D. Knight | Oct 3, 2018 | Alimony, Child Support, Divorce, Maintenance, Property Division
Social Security and divorce have interesting effects on one another. Social Security is the United States’ federal government’s system for making regular payments to people if they are disabled and/or elderly. People who are getting divorced and also receiving a...
by Russell D. Knight | Sep 29, 2018 | Divorce, Illinois Law, Maintenance, Property Division
When two people get divorced in Illinois, they follow the procedures of the Illinois Marriage And Dissolution of Marriage Act to determine what will happen to their assets and incomes upon entering the final judgment of dissolution of marriage. In lieu of following...
by Russell D. Knight | Sep 4, 2018 | Divorce, Family Law, Illinois Law, Property Division
Illinois divorce law relies on both parties disclosing all of their assets and income to the other party in order to settle their divorce. But what happens if one party lies about their assets or income in a Chicago, Illinois divorce? Before we jump into this topic...
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...
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