For spouses who own a business, divorce proceedings generally require the enterprise to be divided fairly under the Illinois equitable distribution laws. This applies to commercial ventures of any size. Small businesses contribute more than 40% to the nation's GDP; the court views smaller family...
Division of vacation properties may be included in equitable division of assets for many couples maneuvering the divorce process. In these cases, multiple financial aspects must be evaluated. Such aspects include: the value of the property, and whether it is located in the United States....
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....
By Law Office of Bradley R. Tengler, P.C. posted in Divorce on Friday, February 7, 2020. Even though the overall rate of divorce decreased over the years, divorce among people over 50 increased significantly. Bloomberg, the U.S. News & World Report and many other sources report that elder...
On behalf of Law Office of Bradley R. Tengler, P.C. posted in Property Division on Saturday, April 14, 2018. If you are going through an Illinois divorce and strongly suspect that your spouse is hiding assets from you so as to skew your property settlement, here is a question for you. Have you...
On behalf of Law Office of Bradley R. Tengler, P.C. posted in Property Division on Saturday, January 6, 2018. There are severe penalties in place for spouses who hide assets during a divorce. It is illegal to lie about anything during the court proceedings, and after you and your spouse have...