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...
Did you know that the Illinois Marriage and Dissolution of Marriage Act no longer includes the terms “child custody” or “visitation”? When detailing these areas, Illinois law refers to “child custody” as “parental responsibility” and refers to “visitation” as “parenting time”. These changes were...
If you are divorcing an abusive spouse, it is important to be aware of how to stay safe throughout the process. Even if your spouse has never exhibited abusive behavior, the ample stress the divorce process promises may cause them to scarily lash out. Here are five tips on how to stay safe during...