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What Can You Do When Your Spouse Is Hiding Assets During a Divorce?

During a divorce, both spouses are obligated to disclose financial information to effectively determine property division. In some divorces, a spouse will hide assets and property from financial disclosure. This may be done to spite the other spouse, keep specific assets for themselves, or skew the division of property in their favor. If you suspect your spouse of being secretive and concealing assets, you need representation from a multi-state divorce attorney to protect your rights. Hidden assets are more common in divorces where one or both spouses have high-value assets or even a business. When the court determines property division,

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Steps to Prepare for Divorce Discovery

The discovery process in a divorce is an exchange of financial and other important information. In any divorce, spouses must divide property between them. In order to do so, spouses have to exchange information with each other regarding finances, assets, properties, and debts. The discovery process can be informal agreements between spouses, or it may be court-ordered. Court-ordered discovery cannot be ignored. The discovery process not only helps with property division but also helps both parties understand what evidence the other side has before litigious divorces. When Is Discovery Court-Ordered? Discovery is always court-ordered in a contested divorce. A contested

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Is Mediation or Collaborative Divorce Right for Me?

Many divorcing couples prefer to avoid litigation if possible. Creating a settlement agreement through an alternate dispute resolution (ADR) is often faster, less expensive, and provides parties more control over the outcome of their divorce. Two of the most common types of ADR are collaborative divorce and mediation. Understanding the pros and cons of each type of divorce process can help determine what option is right for you. Understanding Mediation Mediation involves each spouse discussing the terms of a divorce with a neutral third party mediating the negotiations. This person may be a counselor, mediation attorney, or other professional. The

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Unique Challenges in an LGBTQ+ Divorce

Almost no divorce is easy. There are legal and emotional challenges for spouses, their families, and their children. However, same-sex couples getting a divorce face unique legal issues throughout the process. 2015 made same-sex marriage legal in the country, but certain aspects of state and federal legislation have not caught up or properly addressed the differences in LGBTQ+ marriages and divorces. Basic Divorce Filing Requirements Same-sex couples who want a divorce must follow the same residency and filing requirements as opposite-sex couples. Residency requirements depend on the state. In Nebraska, one spouse must be a resident of the state for

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How Is a High Net Worth Divorce Different From Other Divorces?

A divorce is never an easy process, even for amicable spouses. Even the most straightforward divorce has difficult emotions, so it’s not surprising that more complicated divorces are even more overwhelming. A high net worth divorce has all the complications of any divorce, including spousal support, asset division, and child custody and support. However, all these aspects are heightened by legal and financial challenges unique to a high asset divorce. Division of Property and Assets In a high net worth divorce, assets are higher in value and more complex. This makes the division of property more complicated and potentially more

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How to Value a Business During a Divorce

The division of property is often a contentious aspect of any divorce, but it can be even more complex when there is a business involved. No matter who has ownership or a stake in the company, it must be appraised and valued during the division of property. The valuation of a business can severely impact the outcome of a separation settlement. Marital and Separate Property in Equitable Distribution States In most states in the Midwest, the division of property during a divorce is done through equitable distribution. This means that assets are split fairly, but not necessarily equally, between spouses.

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How to Expedite Your Midwest Divorce

Divorce is sometimes the right choice for a couple, but it can still be overwhelming. Many couples planning to get divorced are wary of the long process it involves. Luckily, there are steps you and your spouse can take to make it faster and less stressful. This can make life easier for you, your partner, and any children you have. It can also save you time and money. Mandated Waiting Period Some states in the Midwest have mandated waiting periods. This means that, if you file for divorce, the soonest you can finalize the process is at the end of

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Is Alternative Dispute Resolution Right for You?

Deciding to end your marriage is never simple, especially when you know how difficult the process can be. Luckily, there are alternative methods to divorce litigation that separating couples can use to avoid going to court constantly. Alternative dispute resolution may be right for you if you’re looking for a more constructive way to make important decisions regarding your divorce. The following is everything you and your spouse might want to know about alternative dispute resolution and how it may be able to help you and your spouse through your divorce. What Is Alternative Dispute Resolution? Alternative dispute resolution (ADR)

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What Distinguishes a Military Divorce From Other Types of Divorces?

When one person in a couple is in the military, their divorce may be substantially different from a traditional civil divorce. Military divorces are handled in a special way because of specific laws and regulations that apply to service members. While the fundamental nature of the divorce will remain, certain aspects of the process can be different. Understanding the differences between a military divorce and other types of divorces can help ensure the process goes as smoothly as possible. What Are the Differences? A military divorce is different from a traditional divorce in several ways. One of the main differences

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Managing the Holidays After a Divorce With Children

For many people, the holidays are a time of joy and happiness where the traditional obligations of work and school are put on hold, and families come together to celebrate. However, it can be a difficult and stressful prospect for those who have recently gone through a divorce and will likely be spending the holidays differently than in years past. If you’re in this situation, it’s important to remember that you’re not alone. Many families go through similar changes, and different best practices can help make the holiday season go more smoothly. Some important things to keep in mind when

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How Divorce Can Influence Your Estate Plan

The divorce process can be one of the most challenging experiences of a person’s life. Even if you and your spouse are on relatively amicable terms, the actual legal process of dissolving your marriage is likely to be more taxing than you initially expected. Every divorce case is unique, and finalizing your divorce is likely to feel like the start of an important new phase of your life. However, finalizing a divorce in the Midwest can also raise subsequent legal concerns that you will need to address promptly. Life can be unpredictable, and a comprehensive estate plan can provide you

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Preparing for Property Division in an Equitable Distribution State

To end your marriage in the Midwest, you must prepare for a difficult and complex property division process. Divorce is not only the legal process of terminating a marriage contract but also of dividing ownership rights over the couple’s property. Every state enforces different statutes concerning property division in divorce, and most US states use the equitable distribution standard. As the name suggests, a property division process that unfolds under the equitable distribution standard aims for the fairest possible division of marital assets. However, one person’s interpretation of what would be “fair” in divorce may conflict with their soon-to-be ex-spouse’s

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Prenuptial Agreements Line by Line

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Strategies For Family Law Illinois

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Strategies For Military Family Law

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