Divorce is mentally, emotionally, and physically draining. There are huge financial implications involved in a divorce as well. As a result, assets such as the house, rental property, pension plans, a jointly owned business, and much more are created. When a divorce happens, these need to be equally split up. In the state of Illinois, we follow the Equitable Distribution Law which states that, the wealth settlement between the contesting individuals needs to be fair and justified. It should be done keeping in mind the financial standing ofContinue reading
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