Dissipation and Alienation of Affections

The Donald Sterling, Rochelle Sterling, V. Stiviano love triangle has been all over the news lately.  There are recordings of Donald Sterling by V. Stiviano, the mistress, and there is a lawsuit filed by Rochelle Sterling against the mistress.

At the heart of Rochelle’s Sterling’s lawsuit against V. Stiviano are gifts given by her husband to his mistress which she contends were purchased with marital money.  While California is a community property state and the laws are not the same as Illinois, an Illinois spouse does have recourse when marital money is being used to fund an extra-marital relationship. Continue reading “Dissipation and Alienation of Affections”

How is Property Divided in a High Net Worth Divorce in Illinois?

Division of property following a divorce in Illinois involves a system of “equitable distribution,” where courts take into account a number of factors in order to determine a fair distribution of property, rather than following a strict guideline.

Property that may be divided following a divorce include cars, real estate, pension and retirement plans, investment assets, marital debts, and owned businesses. Continue reading “How is Property Divided in a High Net Worth Divorce in Illinois?”