Category Archives: Property Division
Valuing a Business in an Illinois Divorce
Most Americans are familiar with the basic concept of property division in an Illinois divorce: the court will attempt to divide the property between the two divorcing spouses in a fair and equitable manner. But a business is a much more complicated asset to divide than, say, the value of a car or the value of a home. What is more, the value of a business on any given day may fluctuate and, over time, can vary widely from its value at a previous point in time.
Property Division or Custody Dispute: Who Gets the Embryos?
An old country song wonders, in the event of a breakup, “Who gets the family Bible?” The country crooner and his ex may have been experiencing a genuine property division dispute. In our modern times, however, property division disputes have become much more complicated in some cases. For example, where a couple plans on having children in the future and embryos are frozen in anticipation of a future family, who gets the embryos – the couple’s planned family – if the couple divorces or separates? Several states are now grappling with this question.
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Cohabitation: What Are My Rights?
It has become very popular in recent years for unmarried couples to live together. This is known as cohabitation. Some cohabitating couples opt to get married after living together for a few years. Others choose to end their relationships and move on separately, which can create confusion about personal property and its division among unmarried partners.
A Glossary of Divorce Terms
Divorce is a common legal process that many couples will have to go through. However, as with many legal proceedings, the terminology can often form an unnecessary obstacle to people’s understanding it. This glossary of divorce terms should help people cut through the legal jargon to understand what is going on in their own divorce case.
Divorce and Pets
The decision to file for divorce can be among the most difficult choices you may ever make. You may have exhausted every option available to try and save your marriage, but ultimately, you realize that you and your partner are better apart. It is no surprise to you that divorce can be stressful, especially trying to negotiate the various considerations necessary under law. As the process moves along, many people find themselves feeling sad and lonely, but you know that as long as you have your dog, you are never really alone — but, wait! How do you know for sure you will still have your dog when the divorce is finalized? Divorce and pets is becoming a more common issue in courtrooms across the country.