Tag Archives: Equitable Distribution

What the Kardashian Pregnancy Could Mean to the Divorce Property Division

Sarane C. Siewerth Contributed to this Blog Post A big news story recently has been the announcement that Kim Kardashian and Kanye West are expecting a baby together. The announcement is inevitably followed by the statement that Kim is still … Continue reading

Posted in Divorce, In the News, Property Tagged , , , , , , , , |

Top Ten Myths in Illinois Divorce Cases [Myth #2]

Myth: Illinois is a 50/50 property division state. Probably one of the most commonly asked questions I receive from clients is, “Is Illinois a 50/50 property division state?” It can be, but not necessarily. 50/50 states are known as community … Continue reading

Posted in Divorce, Property Tagged , , , , , , , , , , , |

Divorcing in a Volatile Economic Market

In uncertain times, dividing the matrimonial pie is more than slicing equal pieces For couples contemplating a divorce, the volatility in the financial and real estate markets has created an impediment that has left many questioning how they will achieve … Continue reading

Posted in Divorce, Financial Planning Tagged , , , , , , , , |

Alimony in Lieu of Property

Under Illinois divorce law, the so-called “equitable distribution” principle (enacted in 1977) allows courts to allocate marital property in myriad ways.  The asset mix in the “marital pot” in numerous cases, however, does not lend itself to a percentage division … Continue reading

Posted in Alimony/Maintenance, Divorce, Property Tagged , , , , , , |

Equitable Doesn’t Mean 50/50

A Primer on How Property is Divided in an Illinois Divorce Case If you follow the tabloids and Hollywood divorces, you might mistakenly believe that property is automatically divided 50/50 in a divorce.  While that is true in community property … Continue reading

Posted in Divorce, Property Tagged , , , , , , , , , , , , , , , |