“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein.
Married people often put both of their names on the deed to their home. Sometimes, a parent or other person will also be on the deed with the married couple. If two is company, three
When people lament their former spouses’ failings a polite way to say it is “he/she was impossible.” Be careful…the former spouse just might agree and claim that further compliance with the final divorce decree is
Except for parenting time, almost everything in an Illinois divorce is about who owes what to whom. The transfer of assets, debts and other financial transactions are done pursuant to the orders that were entered
A divorce has a lot of moving financial parts. Divorcing people are earning money. Divorcing people are spending money. Divorcing people are selling assets. Divorcing people are buying things. As my dad used to say
While some people may buy 10 shares of Microsoft, an infinitesimal amount of stock with zero voting power, other people may buy stock that allows them to control a portion of the company. Upon a
When a divorce begins, it feels like you didn’t know your spouse at all. Do you even know your spouse’s finances? What do you not know about your spouse’s income and assets? How will you
After divorcing thousands of people and seeing their finances during the process, I can tell you that the average American has two main assets: 1) Their house and 2) Their 401(k). Houses and 401(k)s are
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
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
People move a lot of money around during an Illinois divorce. Sometimes, parties to a divorce even move real estate around. It is not uncommon for a divorce litigant to suddenly sell real estate to
The most important value of our law firm is our commitment to our clients. We understand the serious nature of divorce and family law, and we are dedicated to helping you achieve the best possible outcome for your family and your individual set of circumstances. In every case, we fight to achieve the best possible result.
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