Today many companies short on cash offer employees “incentive compensation plans” including stock options and restricted stock. In a divorce, these types of compensation can be overlooked – perhaps intentionally on the part of the employee spouse – when negotiating a divorce settlement. After all, stock options and restricted stock do not show up on…Read More
Financial Infidelity and Divorce
Marriage is not only an emotional pact you make with a significant other, it is a legal and financial commitment that requires trust in order to last. Among the reasons someone might file for divorce is financial infidelity, spending money without a spouse’s knowledge that can quickly lead to divorce. Financial infidelity is an outright…Read More
Legal Separation and Annulments as Alternatives to Illinois Divorce
Many clients have questions regarding legal separation as an alternative to divorce. If you and your spouse are uncertain about getting a divorce, you may want to consider a trial separation to decide whether a divorce is the right decision. Sometimes having time and space to consider what life will be like following a divorce…Read More
The Devil is in the Details…Financial Affidavits Matter in Property Division
Divorce can be an exhausting, emotional process. There are many things to consider, particularly in the area of property division. In all contested divorces (and a number of uncontested) divorces, couples are required to complete a financial affidavit formally detailing their income, expenses, assets, debts or liabilities to inform the court in the matter of…Read More
