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Month: November 2015

Determining property values during a divorce

When a couple in Illinois decides to get a divorce, they must decide how they will split marital property. Part of determining how to divide their joint assets may depend on how much they are worth. The first step toward getting a property valuation is having an independent appraiser give his or her professional opinion.…
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Gifts vs. Loans in Divorce

Many married couples receive financial assistance or assets from their family members. If the parties file for divorce, how should these assets be classified and divided by the court? Illinois excludes property acquired by gift from a third party from the marital estate, because these gifts are not earned by the efforts of marital partnership.…
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Avoiding custody battles in Illinois

On behalf of Janet Boyle of Boyle Feinberg Sharma posted in Child Custody on Wednesday, November 11, 2015. When parents get divorced, they may be tempted to engage in a negative and time-consuming child custody battle. However, in most cases, shared parenting is in the best interest of any children that at couple has. Shared…
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