Read on to find out why not all money in a joint savings account is considered community property.
Asset and Property Issues
Business Ownership after Divorce
Hiring a valuation expert can help you to gauge the value of your business and what part of it as a marital asset will be divided and given to your spouse.
Should I move out of the house; will it affect the results of my divorce in Illinois?
Read this FAQ page to learn about the legal benefits in Illinois for staying in your marital home during your divorce case.
I inherited money from my parents during our marriage
Find out if inherited funds are shared and whether or not prenuptial arrangements hold up in court.
Property Division
Find out more about how shares and the option to purchase them are taken into account by the court when deciding how support payments will be made.
Will I get 50% of the family assets?
How much of the marital assets you receive depends highly on the respective incomes of you and your soon-to-be ex-spouse.
Podcast: Sharon Numerow on the 4 Financial Secrets For Your Divorce
Certified Divorce Financial Analyst and Divorce Mediator Sharon Numerow, discusses what you must know about investments, RRSPs, pensions and other property.
Are There Any Tax Consequences to a Short Sale Or Foreclosure in IL?
Are there any short sale tax consequences or foreclosure consequences in Illinois? Read on to find out about the implications involved.
How does one go about determining if financial assets are separate property (own
“How does one go about determining if financial assets are separate property (owned by one spouse) or community property (owned by both spouses) in a divorce?” As an accountant and CDFATM, my firm has been involved in many cases of tracing the separate property of an individual spouse throughout a marriage. One such case […]
The values of our home and stocks go up and down, how can we determine our…
Assets are usually valued at the date of the divorce. In times like these, when the value of everything seems to be changing more rapidly than in the past, it often makes sense to divide assets by percentage. For example, you might agree that you and your spouse will each get 50% of the […]
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