In a complex or high-asset divorce, there are often issues requiring advice from experts with specialized insight. These experts assist with issues such as business and other asset valuation, income stream analysis, cash flow tracing and others. Why would you need an...
Forensic Divorce
What it can mean when a spouse hides money
In a 2017 survey, approximately one in 20 respondents admitted to obtaining a credit card or opening a bank account that they kept secret from their spouse. If the results are applicable to the general population, approximately 12 million Americans may have committed...
Dividing assets and property in an Illinois divorce
Divorce can be complicated, especially when it is a high-asset divorce, like those where the couple runs a business together. Here, financial assets are part of property division. This includes brokerage accounts, other investments (including holdings in LLC’s,...
Placing a value on divorce
Divorce may involve many emotions and legal issues, but it also boils down to mathematics. Forensic divorce lawyers and accountants can help place a value on assets and discover income streams, especially in a high asset divorce, that may be important to property...
Artwork appraisal can be crucial in high-asset divorces
A high-asset divorce is fraught with numerous complexities. One of the biggest amongst them is property division. This is because those who have extensive wealth often have assets that are challenging to locate or challenging to value. You need to be extraordinarily...
The function of a forensic accountant in an Illinois divorce
The term “forensic accountant” appears at first glance to be oxymoronic. Accountants deal with numbers; forensics relates to the use of science in crime detection. The two terms come together, however, in divorce and civil cases involving large amounts of money. A...
Why is a postnuptial agreement important?
As prenuptial agreements gain more popularity, couples are no longer as hesitant to discuss a fair distribution of their assets should the marriage end. The legally binding contract, entered into before the couple gets married, is now common among most couples, laying...
How can mediation help with my divorce?
Mediation can be a valuable process for divorcing couples to consider that can help keep them out of court and resolve their divorce-related concerns and disputes. Divorce mediation provides a process that allows divorcing couples to negotiate issues that commonly...
How Hidden Assets Can Affect Divorce Settlements
Hide and seek can be a fun game Illinois parents play with their kids, but it is anything but amusing to have to search out hidden assets during a contentious divorce. A hidden asset is a parcel or piece of property, whether tangible or intangible, that one party to a...
Finances and Fairness: Working Toward Good Child Support Calculations
Child support is a financial and legal matter that may be related to divorce. However, Chicago parents who end unmarried relationships may also have child support questions as may parents whose divorces ended long ago in the past. When issues arise regarding the...