Tag Archives: division of property
Infidelity and Divorce: My Spouse Cheated, What Now?
There are few things in the world more difficult to describe than the hurt of betrayal associated with infidelity. The trust that is destroyed as a result may take years to rebuild, if it can even be restored. For couples who are dating, an act of infidelity can easily end the relationship. For those who are married, a cheating spouse can certainly precipitate divorce, as theContinue reading
Structured Settlements in Divorce
In many divorce cases, the division of marital property is a challenging process. Both partners often feel that they have contributed significantly to the couple’s acquired assets and the marriage overall. As such, each partner may have particular needs or desires when the time comes to negotiate how the property will be distributed. For some, once the negotiation has resulted in a workable agreement, the marital assetsContinue reading
Retained Earnings in Divorce
When a couple decides to divorce, among the more contentious issues is often how assets and property are to be divided. Either spouse’s ownership or investment in a businesscan make property division even more complicated. One of the biggest challenges is determining how much of a company’s value, in general, and, specifically, retained earnings are to be considered marital property, subject to equitable distribution upon divorce.Continue reading
Finding Hidden Assets in a Divorce
Property and asset division are two of the biggest issues that come with any divorce. Each partner contributed to the couple’s shared pool of assets, and when the couple decides to end their marriage, part of the process is to make sure these assets are divided fairly among the spouses. In Illinois, the Illinois Marriage and Dissolution of Marriage Act does not require that marital assets be dividedContinue reading