Posts By: MICHAEL C CRAVEN

Executive Compensation In Illinois Divorces: Dividing Stock Options, RSUs, And Bonuses

executive compensation

When we handle high-net-worth divorce cases in Chicago, one of the most complex financial issues we address is executive compensation. Many corporate executives and professionals receive more than just a salary; they earn performance-based bonuses, restricted stock units (RSUs), stock options, and deferred compensation. These assets often have significant value, but because they don’t always vest immediately, they have unique tax implications, may not be transferable to a spouse, etc., div...   Read more ...  

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Collaborative Divorce in Illinois: A Peaceful Alternative to Court Battle

collaborative law

As Illinois divorce attorneys, we know that ending a marriage is never easy. But not every divorce has to turn into a courtroom fight. For couples who want to avoid litigation and reach fair, respectful agreements, collaborative divorce can offer a better path forward. In collaborative divorce, both spouses work together—alongside their attorneys and other professionals—to resolve disputes privately, without going to court. This process often leads to better outcomes, especially when childre...   Read more ...  

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Should You Mediate Your Illinois Divorce? Pros And Cons Compared

divorce mediation

As divorce attorneys working with families throughout Chicago, we understand how emotionally and financially overwhelming divorce can be. Many clients ask us whether they should consider mediation instead of going straight to court. Divorce mediation can offer a more cooperative and less adversarial process—but it’s not the right fit for every situation. The decision to mediate should be based on your specific goals, the nature of your relationship with your spouse, and the legal issues ...   Read more ...  

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How To Handle A High-Conflict Divorce In Illinois

high conflict divorce

Tips For Managing Difficult Situations When we represent clients in Chicago facing a high-conflict divorce, we know how emotionally draining and legally complex the process can become. Emotions run high, communication breaks down, and every issue—from property division to parenting time—can turn into a heated battle. Yet Illinois law provides structures and tools to manage conflict and protect your interests. By understanding these legal frameworks and following strategic approaches, you can...   Read more ...  

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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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