Illinois courts treat international assets in high net worth divorce similarly to how they treat domestic assets. In other words, courts emphasize full financial disclosure, valuation, and equitable division of marital property. Of course, global
How trusts, inheritances, and family wealth are treated in divorce depends on whether a prenup or other type of agreement addresses them, if a spouse mixed them with marital funds, and whether either spouse contributed
Dividing multiple real estate properties in an Illinois divorce requires the court to identify which properties are marital and nonmarital, determine fair values, and distribute marital property equitably. Judges look at factors such as when
Stock options, RSUs, deferred compensation plans, and executive bonuses can be divided in Illinois divorces based on their classification as marital or nonmarital property and when, why, and how the spouse earned them. Courts apply
Sudden financial secrecy, unexplained transfers, undervalued businesses, or inconsistencies in financial disclosures could point to your spouse hiding assets in divorce. That said, some spouses in Illinois are skilled at concealing assets. Your lawyer can
When divorcing later in life, there are multiple gray divorce considerations that could affect the process, including financial complications, complex asset division, family dynamics, and health and care concerns.
Social media can impact high-asset divorce cases. For example, posts, photos, messages, and other online activity may serve as evidence and affect asset division and a spouse credibility. Social media activity may offer insight into
Divorcing a spouse who hides assets requires finding proof of the concealment. A divorce attorney can use discovery tools, subpoenas, and forensic accounting to trace these hidden assets. Even if you only suspect concealment, it
Going through a high-net-worth divorce brings unique challenges, especially when it comes to dividing retirement accounts and pensions. If you and your spouse have built significant retirement accounts, pensions, or other complex retirement benefits during
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