In Illinois, marital property must be divided equitably during a divorce. Is an inheritance considered marital property in Illinois? The good news is that an inheritance isn't regarded as marital property, but there are exceptions. Those exceptions are why you need the Law Office of Bradley R....
When it comes to a divorce case, division of retirement assets is a complicated part of the property division process. Your retirement assets may include a 401(k), 401(b), IRA/Roth IRA, among others. In an Illinois divorce, property is divided according to the “equitable distribution” model. This...
Stock options are often included in what assets are divided amid a divorce. Under Illinois law, stock options are considered a marital asset, and are subject to equitable distribution. However, with the help of an experienced attorney, successful negotiation is possible. Under Illinois Statute, a...
In an Illinois divorce, marital property vs. non-marital property must be distinguished from each other. Only marital property is subject to division. It is divided according to an “equitable division” model. When a business is involved, matters can become complicated. The question of what to do...
At Law Office of Bradley R. Tengler, P.C. we are aware that divorce poses as one of life’s most stressful events. The divorce process can be very physically and emotionally taxing. That is why it is crucial to curate your mental, emotional and physical health after the process ends. Here are some...
Divorce is not easy and comes with significant financial implications both for you and your partner. Have you thought of spending some money or hiding certain assets before you divorce your spouse? Bad idea! Out of anger and strife with your partner, you might contemplate hiding some financial...