Concealing assets and financial misconducts are typical issues in high-net-worth divorces. This type of misconduct involves hiding high-value assets such as luxury real estate, high-end vehicles, company shares, pensions, investments or any other assets during...
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Reviewing and updating your will during a Grey divorce
On Behalf of Blacha Law Office, LLC | Jun 1, 2023 | Divorce, Estate Planning
The rate of divorce for those over 50 has risen substantially in the past decade. This phenomenon is known as a "grey" divorce due to increased longevity, greater economic autonomy, and changing views on marriage and divorce. In a grey divorce, especially among those...
What happens to a leased vehicle during a divorce
On Behalf of Monika Blacha | May 4, 2023 | Divorce
Divorce is a complicated and emotionally challenging process, and it can be even more complex when the division of assets is not straightforward. One such case is when a vehicle is leased instead of owned. What is a vehicle lease? A vehicle lease is an agreement...
When can Illinois parents request a custody modification?
On Behalf of Monika Blacha | Apr 10, 2023 | Child Custody
Custody orders and parenting plans break down the allocation of parental rights and responsibilities via legally-enforceable documents. Some divorcing couples negotiate parenting plans at the end of their marriages, and even unmarried couples need to formally divide...
How is the value of a house determined in divorce?
On Behalf of Monika Blacha | Apr 10, 2023 | Divorce
For most couples, their house is the most valuable asset they own. So, when they divorce, what happens to the house? How can you be sure what the house is worth? Regardless if one of the parties chooses to stay in the house, an accurate valuation must be done before...
Protecting your assets during a gray divorce
On Behalf of Monika Blacha | Apr 6, 2023 | Divorce
Known as gray divorces, incidents of couples over 50 divorcing are on the rise. There are several reasons for the increasing number of older adults who choose to divorce, ranging from empty nest syndrome to simply growing apart over the years. Since people are living...
Top 5 causes of divorce
On Behalf of Monika Blacha | Apr 6, 2023 | Divorce
Even divorces that are considered amicable bring about a significant amount of stress. In a recent small-scale study referenced in the National Library of Medicine, 52 divorced individuals shared their experiences. The results of this report reflect the reality for...
Is a joint dissolution of marriage the same as a divorce?
On Behalf of Monika Blacha | Apr 5, 2023 | Divorce, Uncontested Divorce
A joint simplified dissolution of marriage is similar to an uncontested divorce, where both spouses must agree on everything. When completed, they both serve to permanently dissolve the marriage. However, a joint simplified dissolution of marriage has forms that are...
Do I need a prenuptial agreement?
On Behalf of Monika Blacha | Mar 20, 2023 | Divorce
Getting married is a life-changing decision that understandably brings a range of emotions and even new responsibilities. While the focus should be on the love between you and your partner, it is important to consider practical matters such as prenuptial agreements....
Helping children adjust to your divorce
On Behalf of Monika Blacha | Feb 28, 2023 | Divorce
One of the most important things for children who have parents going through a divorce is to ensure that they have a solid foundation. By showing them that you’re a parenting team when the split happens, you’re helping them to feel more secure. There are many ways...
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