Someone who starts or inherits a business will usually want to see that company grow. It will often be necessary to reinvest the income derived from running a successful business into the company if someone wants to maximize the profitability of the organization....
You may have heard that “forewarned is forearmed,” and that’s especially true when it comes to a divorce. If you have some idea in advance that a divorce may be in the works, you can better prepare yourself for the future. It’s a lot harder when you’re blindsided to...
Years of combining income and resources can make the process of divorce quite difficult. Couples may struggle to find a reasonable solution for property division and financial equity, especially when there is a significant disparity in earning potential or separate...
Going through a divorce is a difficult situation that becomes even more complicated if you own a family business. There’s a chance that the divorce will affect the fate of the company, so you should think about that when you’re handling the property division. You and...
Saving for retirement is always a race against time. You want to put as much as you possibly can aside while making use of income tax incentives so that you can enjoy a comfortable standard of living both now and during your retirement. You may have plans to spend...
You may not feel like cooperating with your ex during the divorce. You may feel angry that they asked for the divorce. Or perhaps they’ve done something that caused you to file for divorce, like getting involved in an affair. Many people have divorce cases that...
You and your spouse have talked about divorce before, and they've always been against it. In fact, you tried going to couples therapy with them to see if you could save the marriage. You wanted to honor their position and the fact that they didn't want to get...
For many divorcing couples in Illinois, a small business can be a financial complication. The spouse not involved with the business will likely want some of its value in the property division proceedings. Equitable distribution rules mean that even a spouse whose name...
During your marriage, your spouse's financial habits can have a major impact on your stability or standard of living. Their behavior can continue to impact your options in life even after you separate by reducing how much marital property or debt you share in the...
Not everyone stays in the same community after a divorce. Maybe you moved to the neighborhood where you lived during your marriage because of your ex's job or their family. Now that you have divorced, you want to move to a place where you have social connections or...
