Blog: Divorce

Navigating Divorce in Illinois: A Comprehensive Guide

Jun 7, 2024

Divorce Understanding the Grounds for Divorce In Illinois, divorces can be granted on both fault and no-fault grounds. However, most divorces in the state are filed on no-fault grounds, which means that the spouses have irreconcilable differences that have led to the breakdown of the marriage. To file for a no-fault divorce, the couple must have been living separately for at least six months. Fault Grounds Although less common, Illinois law also allows for fault-based...

High-Asset Divorce: Navigating Property Division and Spousal Support in Illinois

May 15, 2024

Divorce Inventory All Assets The first step in any high-asset divorce is to create a comprehensive inventory of all assets. This includes both tangible and intangible assets, such as: Real estate properties Investment portfolios Business interests Retirement accounts Intellectual property Luxury items (e.g., cars, boats, jewelry, artwork) Accurately valuing these assets is essential to ensure a fair division. It's advisable to work with financial professionals, appraisers, and accountants to determine the true value of each...