Tips For a High Net Worth Divorce in Illinois

Don’t wait until the last minute to plan for your financial security, especially if you think a divorce might be looming.  People often get caught up in the emotional aspects of divorce, like custody of their children, but they may forget to plan for their financial future.

How Do I Prepare for a High Net Worth Divorce?

If you are a high income earner, own high value assets, or have a high net worth,  (or the spouse of) you should consider these Tips for a High Net Worth Divorce as part of your Illinois divorce preparation. Continue reading “Tips For a High Net Worth Divorce in Illinois”

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?”