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...
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...
Last night it was announced that Cook County courts will be closed until May 18th, except for emergencies and specific court proceedings. As they did in March, it is likely that the collar counties will follow Cook County and extend their closures as well. We know...
Recently, the federal and state of Illinois income tax filing and payment deadlines have been extended. Even with these recent changes, we want to encourage you to send in your 1040 information sooner rather than later. Here is why: If you have a refund, you will want...
Complex estate planning issues can arise when it comes to tax law and estate planning. Sometimes it takes a more-experienced law firm to assist the high-asset clients that are facing such issues. One such topic that may come up as April looms near are tax exemptions...
Almost every divorce case has the potential to get complicated. The wide variety of issues to be addressed in any given divorce, such as property division, alimony, child custody and child support, can leave Chicago area residents with more questions than answers....
The valuation and distribution of marital and nonmarital property can be one of the most challenging parts of a divorce. Things can be made even more complicated if the divorcing couple owns a business. Divorce attorneys and valuation experts are available to...
Many people are tied up in the emotional aspect of divorce. This is understandable given that marriage dissolution often entails the untangling of two lives that have been lived together for a significant period of time. Yet, divorce can also set the financial stage...
Illinois law requires both parties to a divorce to make a complete and accurate of their assets and debts. Unhappily, one or both parties to a divorce may attempt to conceal assets from the other party and the court, thereby obtaining a larger share of the marital...
Like it or not, everyone must prepare for the day when all their assets will pass on to someone else after they die. Despite any foreboding associated with estate planning, taking the time to do it correctly and making well-informed decisions can help keep family...