by Russell D. Knight | Mar 15, 2019 | Divorce, Family Law, Illinois Law
For most divorcing couples the marital home is the most valuable asset they have. If that house was purchased while the couple was married, the house is a marital asset and therefore divisible in a divorce. Even if the house was purchased before the marriage, if the...
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 | Feb 3, 2018 | Divorce, Family Law, Illinois Law, Maintenance
Often divorce clients first questions are “should I move out? If I move out won’t I be accused of abandoning the family or relinquishing my claims to the marital home?” In regards to children, parenting time and custody issues, moving out is a strategic decision that...
by Russell D. Knight | Jan 16, 2018 | Child Support
When non-marital funds are used to purchase the family home in a Chicago divorce, it is difficult to determine exactly what happens to that marital home in the event of a divorce. In short, it depends how the family home was held. If the family home was held in your...
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