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May 2016 Archives

Property division in Illinois—looking at the general approach

Last time, we spoke briefly about several of the most important issues for couples as they contemplate the decision to file for divorce. As we noted, some of these factors are more subjective, such as happiness and love. Other factors involve more objective considerations, as is the case with division of property and child custody, which must also be considered in divorce.

What issues are the most important in divorce?

Anybody who has been through the divorce process knows it is a big decision, and one that needs to be carefully thought through. Different couples, of course, have different circumstances and have to think and work through the process according to their own situation, but there are certain issues that have are critical to consider before filing for divorce, as well as certain issues that are very important to the decision.

Carefully defining terms in prenuptial agreement important to ensure effectiveness

Last time, we began looking at the divorce case of Richard Stephenson and the dispute him and his wife are currently having with regard to their prenuptial agreement. As we noted, the agreement specifies that property owned individually prior to the couple’s marriage, and property acquired individually during the marriage, was to remain separate in the event of divorce.

Prenuptial agreement at issue in high-profile, high-asset Chicago divorce case

A high-asset divorce case involving the founder and Chairman of Cancer Treatment Centers of America, Richard Stephenson, and his wife of 25 years was recently called “one of the longest, most contentious local divorces in recent memory.” Papers for the divorce were filed six years ago, but the couple was still successful in resolving their differences as of a couple weeks ago.

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