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...]

A divorcing party petitioning the court for temporary child support and/or spousal support must complete the relevant forms, file them, serve the other party, and prepare for the hearing. Alongside the petition, the petitioner must provide a financial affidavit outlining his or her need for support with convincing reasoning. The petitioner must also support the affidavit with valid documents, including bank statements, payslips, and tax returns. Filing a Temporary Support Petition Filling … [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...]