If a divorcing couple is willing to negotiate and work together, then collaborative divorce is the ideal legal process of untying the knot. Due to the lack of lengthy court proceedings associated with regular divorces, collaborative divorce saves time, money, and stress. If the couple has a history of domestic violence or can’t communicate respectfully, then that couple will need to opt for a contested divorce. Understanding Collaborative Divorce A collaborative divorce is a legal approach … [Read more...]

Asset identification and valuation, business assets, child support and spousal maintenance, nuptial agreements, taxes, and privacy are key conflict areas involved in a high asset divorce. High-value divorces are frequently aggressively contested and can be more difficult to litigate because the parties involved usually share substantial financial assets, investments, business assets, and multiple properties. Wealthy couples facing a divorce must work with a competent divorce attorney to … [Read more...]

Legal separation, divorce mediation, and collaborative divorce are three alternatives to contested divorce in Illinois. These options are cost-friendly and provide the divorcing parties a less stressful emotional journey. These solutions require the divorcing parties to work in close collaboration towards an amicable end. Legal Separation Legal separation may be an option for couples who do not want to live together as spouses and be responsible for the other spouse's future debts and … [Read more...]

When divorcing a millionaire, a person has the additional burden of understanding the many and often complicated financial holdings. If the well-heeled spouse is a high-powered executive, for instance, it’s important for divorcees to know about stock options and restricted stock plans. Stock options are considered assets that can be divided between spouses in a divorce. Keeping Tabs on Stock Portfolio Executives and key employees sometimes have stock options and restricted stock plans. … [Read more...]