Tag Archives: high asset divorce

Plan ahead and protect your assets before divorce

On behalf of The Walters Law Group, Ltd. posted in Family Law on Tuesday, January 14, 2014. When divorce is inevitable, it makes sense to consider financial planning for the ease and benefit of everyone affected. In Illinois, there are obvious economic issues to address like child support, spousal support, and property division, but in the event a divorce will not likely be amicable, it is important to take precautions to protect your assets. Before filing for divorce, take a deep breath, create a file from copies of your financial records goingContinue reading

Dividing your assets at divorce with prenuptial agreements

On behalf of The Walters Law Group, Ltd. posted in Divorce on Monday, August 12, 2013. Prenuptial agreements are an important part of the proceedings when there is a high asset divorce. Illinois residents who are preparing for marriage or divorce may be interested to know some things to look out for when preparing a prenuptial or postnuptial agreement or attempting to negotiate property division at the dissolution of a marriage. A prenuptial agreement that is very old and without any postnuptial modifications or clarifications is liable to be challenged by theContinue reading