On behalf of McCarthy & Allen | Oct 16, 2020 | Divorce
You and your spouse have been together for over 20 years, but over time, you’ve grown apart. Your children are now reaching their later years in high school, so while you’re considering getting a divorce, you wonder if now isn’t the best time. The last thing you want...
On behalf of McCarthy & Allen | Oct 15, 2020 | Closely Held Businesses, Divorce
If you and your spouse co-own a business, figuring out what will happen to it after you get divorced may be one of the most important issues during the divorce process. When both spouses have a stake in the business it can complicate asset division. Fortunately, you...
On behalf of McCarthy & Allen | Aug 30, 2020 | Divorce
Pensions and divorce can get complicated. However, since a pension may be one of the biggest financial assets that you need to address, it’s important to break it down a bit and examine your rights. First and foremost, if you’re getting a pension, your spouse may have...
On behalf of McCarthy & Allen | Aug 24, 2020 | Closely Held Businesses, Divorce
There is an astonishing number of small businesses here in the state of Illinois – an estimated 1.2 million, according to the most recent federal figures. These businesses only exist thanks to the hard work and dedication of their founders and owners. A divorce feels...
On behalf of McCarthy & Allen | Jun 10, 2020 | Divorce
Ending a marriage often leads to a lot of negative emotions. Our law office realizes that many people become very stressed out and some struggle with other feelings, such as anger or depression. Moreover, some people are dealing with difficult emotions prior to their...
On behalf of McCarthy & Allen | May 22, 2020 | Divorce
You may have heard the term “gray divorce” a lot in the news lately and wondered what it meant. “Gray divorce” is simply a term used to describe married couples who split up after age 50. You have probably heard about it more often because,...
On behalf of McCarthy & Allen | Feb 19, 2020 | Divorce
Divorcing spouses who own a home together must figure out what they will do with their house during their divorce. Many homes are sold during divorces and any resulting proceeds from the sale may be split between the spouses. Some people may not want to sell their...
On behalf of McCarthy & Allen | Jan 15, 2020 | Divorce
It is very difficult to protect your business in a divorce if you do not have any legal measures in place before the proceedings. As a business owner, you have to plan for any possibility no matter how unlikely it is. So, if you get married, you need to understand...
On behalf of McCarthy & Allen | Jun 16, 2017 | Divorce
Several states — not Illinois — call for an “equal” division of marital property when two people get divorced. The language in Illinois is “equitable division,” which does not guarantee a 50-50 split. In fact, and especially if...
On behalf of McCarthy & Allen | Apr 18, 2017 | Divorce
Some Illinois parents understand what’s like to end their marital ties, then face months (or years) of courtroom battles regarding various issues relating to their children. Not every divorce is contentious, however. In fact, some people (such as Hollywood stars...
