Understanding the Complexities of High-Net-Worth Divorce: A Guide to the Unique Challenges in Divorces Involving Significant Assets
The emotional fallout from a breakup makes most divorces difficult. But when significant assets are involved, the process becomes even more complex. High-net-worth divorces require careful steering through numerous rocks, from the division of valuable financial holdings to ensuring the preservation of privacy. For those in these situations, understanding the complexities of the process is…
Cheater Insurance: One Option if Your Spouse has an Affair
Infidelity is not a product of the twenty-first century. It’s been around forever. But what is relatively new are legal options for betrayed spouses. While Illinois has rejected considerations of fault in divorce, through some advance planning, a wayward spouse can potentially be held accountable for his or her extracurricular activities. Many affairs are circumstantial…
Navigating a High Conflict Divorce
An Illinois Divorce can be stressful under the best of circumstances. Even if the separation is amicable and you agree on most issues, it’s a time of significant life change and often emotional turmoil. That stress can be significantly aggravated when there’s a lot of conflict. But, there are steps you can take to dial…
Hope for High Conflict Parents
The Illinois Supreme Court has made it easier for co-parents suffering high conflict relationships. With the adoption of Illinois Supreme Court Rule 909, courts can now require parents to use a parenting coordinator to resolve ongoing parenting disagreements. Rule 909 defines “parenting coordination” as “a child-focused alternative dispute resolution process conducted by a licensed mental…
What’s The Difference Between Alimony Vs. Spousal Support In Illinois?
Alimony vs. spousal support—what’s the difference? How can they affect your financial situation after a divorce, and how much support can you expect to pay or receive? In this article, our team at Peskind Law Firm in St. Charles, IL, shares what you need to know to help you through your legal proceedings. What’s the Difference…
10 Important Questions to Ask a Divorce Lawyer During a Consultation
Going through a divorce is difficult for you and your family, so you should find a lawyer who can take some weight off your shoulders instead of adding to it. When choosing a divorce attorney, you should find someone you can trust and who has your best interest at heart. Are you looking for divorce…
Dividing Cryptocurrency in a Divorce
BITCOINS AND DIVORCE: HOW TO FIND, VALUE, AND DIVIDE THEM IN AN ILLINOIS DIVORCE Protect your financial future by understanding how Illinois courts have started dividing cryptocurrency in a divorce setting. Bitcoin first emerged in 2009, but it took several years to capture the public’s imagination. Now that cryptocurrency prices have skyrocketed, opposing parties in…
7 Tips for Co-Parenting During the Holidays
Combine the general stress of the holidays with a recent divorce and custody battle, and you have a recipe for a less-than-jolly season. While the post-divorce holidays may be different, they don’t have to be stressful. No matter what you and your former spouse disagree on, you are likely both in agreement that you want…
How to Effectively Navigate Holidays After a Divorce
The “most wonderful time of year” for recently divorced parents can seem like the most stressful time of year. Navigating a multitude of family changes, complex custody schedules, and confusing emotions, the holiday season can be downright dreaded for some recent divorcees. While navigating this time of year can feel overwhelming, remember that you are…
Issues Involving the Family Business in Illinois Divorce
Divorce and the Family Business In any divorce case, property needs to be: 1. identified, 2. classified 3. valued, and 4. divided. Identification of property is the act of discovering what’s there. Classification involves determining whether the identified property is marital property to be divided or non-marital property of one of the spouses. The valuation…