Posts By: MICHAEL C CRAVEN

How To Shield Your Inherited Assets During Illinois Divorce

divorce

When you inherit assets—whether cash, real estate, or family heirlooms—you expect those assets to remain yours alone. However, Illinois follows an equitable distribution model under the Illinois Marriage and Dissolution of Marriage Act (IMDMA), 750 ILCS 5/503, which can place inherited assets at risk if they become commingled with marital property. We understand how important it is for you to preserve what was passed down to you, and we guide our clients in taking proactive steps to protect ...   Read more ...  

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Can I Keep The Medical Practice In A Divorce In Illinois

divorce

If you’re a physician going through a divorce in Illinois, one of the most pressing concerns is whether you can keep your medical practice. This isn’t just a business asset—it’s your livelihood, your professional identity, and the result of years of education and hard work. We understand that the idea of losing control or ownership of your practice can feel overwhelming. That’s why it’s important to understand how Illinois divorce law treats professional practices and what steps you ...   Read more ...  

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Virtual Visitation And Parenting Plans In Illinois

Illinois parenting plan

As family law attorneys in Chicago, we understand how important it is for parents to stay connected with their children, especially after a divorce or custody judgment. In today’s world, technology is not only part of daily life but also part of modern parenting. For many separated or divorced parents, virtual visitation has become a very beneficial way to maintain strong bonds, even when physical distance or scheduling challenges make in-person visits difficult. Illinois law recognizes th...   Read more ...  

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Can A Spouse Be Forced To Sell Their Share Of A Business In An Illinois Divorce?

Dividing A Business In An Illinois Divorce When a couple divorces in Illinois, one of the most complex issues that may arise is what happens to a business owned by one or both spouses. A business is often one of the most valuable marital assets, making its division a significant concern in the property settlement process. Under Illinois law, business interests may be subject to division if they are considered marital property under the Illinois Marriage and Dissolution of Marriage Act (750 ILCS ...   Read more ...  

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Creating A Parenting Plan Before Your Divorce: What To Consider

parenting plan

When parents decide to divorce, one of the most important considerations is how to structure parenting responsibilities moving forward. In Illinois, parenting plans are legally required when parents share parental responsibilities. These agreements outline decision-making authority, parenting time, communication expectations, and other key aspects of co-parenting. The goal of a parenting plan is to provide stability for children while making sure that both parents remain actively involved in the...   Read more ...  

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Can I Protect My Intellectual Property Rights During Divorce In Illinois?

marital property

Divorce is a complex process, especially when intellectual property (IP) assets are involved. Whether you own patents, trademarks, copyrights, or business-related trade secrets, it is important that you understand how Illinois divorce laws impact these assets. Under 750 ILCS 5/503, Illinois follows an equitable distribution system, meaning the marital property is divided fairly but not necessarily equally. If intellectual property was created during the marriage, it may be considered marital pro...   Read more ...  

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