Blog: Divorce

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...