Starting a business with your spouse may have seemed natural and simple when you were married. You were already spending much of your time together, and your finances were commingled, so becoming joint business owners made sense. Unfortunately, you and your spouse...
Prenuptial agreements, or “prenups,” are not the only contracts that allow couples to clarify and protect their financial interests. Postnuptial agreements do the same thing. As the names imply, the only main difference between the two is whether a couple signs them...
Divorce for the average American couple is not an easy process. The stress of figuring out everything from child support to dividing up finances can be quite taxing. However, divorce can be even more complicated when a couple has considerable wealth. Wealthy couples...
In high-asset divorces, determining how to handle intellectual property (IP) can be complex. Couples facing a divorce must navigate the challenges of valuing and dividing IP assets. These assets include patents, trademarks, copyrights, or even trade secrets, all of...
Divorce generally leads to uncertainty for the entire family. With exceptions for those who have very thorough marital agreements, most people aren't sure of what the courts may do with their property, future income and children. Parents either reach their own...
If you’re filing for a divorce in Illinois, you may simply feel that you are ready to be done with the marriage. Your spouse never had an extramarital affair. They weren’t emotionally or physically abusive. They didn’t really do anything wrong, but the relationship...
Divorce is complex, especially when one partner tries to hide assets. Uncovering hidden assets ensures a fair division of property. Understanding the steps to find these assets can make the process smoother and more equitable. Examining financial documents Financial...
If you are getting a divorce, you may need to refinance your mortgage. It all depends on what you want to do with the house after your marriage ends. For example, many couples decide they are just going to sell the house. They have to split up marital property, and...
Your divorce may cause your child to avoid hanging out with their friends, avoid doing homework or engage in destructive behavior. Nonetheless, you can take steps to protect your kid from these potential impacts of divorce. Below are four ways you can achieve this: 1....
The best time to plan a divorce is when you’re about to be happily wed – because that’s when both halves of a couple generally want the best for each other. Any prenuptial agreement they make to outline how various issues will be handled in the event of a divorce is...
