Posts Categorized: Divorce Attorney

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 ...  

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 ...  

Divorce can be incredibly complex when one or both spouses own a medical practice. In Illinois, business assets—including medical practices—may be considered marital property, subject to equitable distribution under 750 ILCS 5/503. Whether a practice was established before or during the marriage, its value, ownership structure, and revenue streams can significantly impact the division of assets. Michael C. Craven works closely with his clients to protect their financial interests during divo...   Read more ...  

A financial affidavit plays a critical role in Illinois divorce proceedings, providing the court and both parties with a comprehensive overview of each spouse’s financial situation. This document ensures transparency in matters such as income, expenses, assets, and debts, which is crucial for determining issues like spousal maintenance, child support, and the division of marital property. The accuracy and honesty of the financial affidavit can significantly impact the outcome of a divorce sett...   Read more ...  

As a divorce attorney practicing in Chicago, I frequently encounter questions from clients about the impact of adultery on divorce proceedings in Illinois. Understanding how infidelity can influence the dissolution of marriage in our state is crucial for anyone navigating this challenging time. Adultery And Illinois Law In Illinois, historically one could seek a divorce for multiple reasons including a spouse’s infidelity. The grounds for divorce transitioned to what is referred to as “n...   Read more ...