Divorce Attorneys Palatine
The passionate and experienced divorce attorneys at SAM LAW OFFICE LLC have helped hundreds of couples dissolve their marriage and begin a new chapter of their lives. In this article, we will discuss divorce in Palatine, Illinois, and how the process works under Illinois law.
Key Issues Related to Divorce
Once you and your spouse have decided to end your marriage, there will be a number of issues the two of you will have to sort out. The biggest three, of course, are child custody, alimony, and property division. SAM LAW OFFICE LLC has the experience you need to handle the many complex issues that can arise in a divorce. Below are just some of the examples.
- High-asset divorces – If you own a business or your spouse owns a business, the business is probably a part of the marital estate. If your spouse started the business prior to the marriage, any value that the business accrued during the marriage is property of the marital estate. To figure this all out, an accountant is required to determine the value of the business before the marriage (which would be the sole property of your spouse) and the value of the business after the marriage. The difference would be the property of the marital estate and subject to asset division. High-asset divorces have many complex financial issues such as the aforementioned.
- Divorce for business owners – If you and your spouse own a business together, one of you may not want to continue with the business once the divorce is over. If one spouse wants to divest their interest in a business, the business must be appraised. Half of the value of the business would be considered the property of the spouse who did not divest their interest and that money would come out of other assets that are part of the marital estate or paid forward in terms of alimony.
- Child custody and child support – The court generally defaults on the position that both parents should have legal custody of their children, even when the children live primarily with one parent. Legal custody means that you have power of attorney over the child. But not all parents should have that kind of decision-making power over their children. When one parent is unfit, SAM LAW OFFICE LLC will make the difficult case that the parent should not have legal custody of the child.
Talk to a Divorce Attorney in Palatine, IL Today
If you are considering divorce, call the Palatine divorce attorneys with years of experience who will passionately advocate for your interests and protect the future you hope to build. Contact SAM LAW OFFICE LLC today to learn more about how we can help.