Posts Categorized: Divorce Finances

Business-Couples-that-Divorce Many couples go into business together. They make plans to make the business successful, but what they don’t plan for is divorce. With the high divorce rate, it is inevitable that some couples that go into business together will eventually get divorced.   What are these couples to do? There are 4 obvious options: continue running the business together, close the business, sell the business or let one spouse gain full ownership of it completely. Financial...   Read more ...  

There are many areas to consider when going through divorce proceedings, but one of the most important – and often most complicated – is dealing with the various financial implications involved in a divorce. Every couple’s assets are different, which is why it is important to consult an attorney when going through a divorce. However, there are some common financial areas that are addressed in most divorces. Unlike states such as California, Illinois is not a community property state when i...   Read more ...  

Child Support in Divorce When dealing with divorce, if you have children, an agreement regarding child support needs to be made when discussing a settlement. A recent potential client I met with asked me a question about her particular situation. Although every case is different, and settlement terms must be dependent upon the facts and circumstances of each case, I realized that her question comes up frequently. If your case involves a similar issue, the following  Q & A might give you ...   Read more ...