Considerations about money and property are frequently among the most challenging aspects of divorce. Depending on the contents of your marital estate, dividing your assets can be both very complicated and profoundly emotional.
At the Andrew Cores Family Law Group, we are aware of how challenging divorces may be when a company or professional practice is considered to be a component of the marital estate. If you are getting divorced, it is important to understand the process of business valuation and your rights to your marital assets.
Three Ways to Value Your Business During a Divorce
There is no one-size-fits-all method for valuing a business during a divorce, and an experienced lawyer and forensic accountant will often select one of the following three approaches:
...
It is smart to think about the advantages of a prenuptial agreement if you are getting married or considering asking your significant other to marry you. Contrary to common misconception, signing a "prenup" is not only a way to "get ready for divorce," and in many circumstances, having an established agreement throughout a marriage will be advantageous for both parties. 
In the state of Illinois, the law calls alimony “spousal maintenance” and it could potentially be long-term if the receiving spouse is unable to make a living or if the marriage was also long-term. Despite whether or not someone feels they should have to support their spouse financially, a judge will apply the law and both parties will have to follow the guidelines in the law. 
Dividing marital assets is always a difficult aspect of divorce, but it gets even more acrimonious and difficult when couples with high net worths try to share their assets evenly after their marriage.
You put a lot of effort into earning your money and carefully planned for your future, including retirement. Unfortunately, a divorce can derail such goals. Knowing how your divorce may impact your retirement accounts is the first step in safeguarding them.
