President Barack Obama made a public statement to ABC news endorsing same-sex marriage.
Once almost completely unheard of, custody battles involving pet ownership are becoming a reality of the 21st Century. As increasingly more civil unions, domestic partnerships and same-sex marriages break apart, it is not surprising that the number of…
With nearly one out of two marriages ending in divorce, researchers have been concentrating on what are the “secrets” to a long-lasting marriage. Surprisingly, the results of these studies seem to debunk what psychologists and researchers had previously found. In…
Most Americans recently filed their income tax returns. Did you carefully look over the completed forms before you signed? If you plan to divorce this is especially important. When married couples file joint returns, the law holds both spouses liable for the taxes, interest and penalties – even when one spouse may not have been aware of the their spouse’s misreporting of income or expenses.
Celebrity divorces usually involve two people that we have never met, yet as a society, we tend to be very intrigued by them. They very often deal with the same types of issues, such as custody battles, consulting a divorce lawyer, and prenuptial agreements. Even though we don’t personally know the celebrities on TV or in the magazines, there are a few different reasons that can explain why we care so much.
When dealing with divorce, if you have children, an agreement regarding child support needs to be made when discussing a settlement. A recent potential client I met with asked me a question about her particular situation. Although every case is…
Over the past two years we’ve seen an average increase of 40 percent in the number of requests for divorce lawyers around Valentine’s Day, compared to the previous six months. Here is a list of “Everyday Ways To Take Back Your Marriage”.
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Sadly, Elizabeth Edwards, the wife of former presidential candidate John Edwards, died on December 7th. Her will was released and there has been much reported about the fact that she made no mention of her estranged husband in her will .
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A roman philosopher once wrote that “Every new beginning comes from some other beginning’s end.” These words ring very true this week as we begin the New Year. Some people will make New Year’s resolutions to quit smoking or take up a new hobby, while others will become determined to lose those last 10 pounds. For anyone going through a divorce, this is a great time to make a fresh start
Today Christopher P. Casey and James M. Godbout from the Chicago office of Stout Risius Ross, Inc. share their personal thoughts on what happens to family businesses when getting divorced:
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Family owned businesses always present unique challenges to the client and the divorce lawyers when going through a divorce. The spouse who owns the company may feel overly attached and entitled to the business, especially if he/she founded or inherited the company. This could ruin a reasonable settlement offer presented by the divorce attorneys. Or the owning spouse, especially if he/she has financial control of the company, may use funds to dissipate the marital estate. Despite these challenges, if only one spouse is actively involved in the company, the other spouse will often be appropriately compensated.
