Lifestyle Choices and High-Net-Worth Divorce: A Complex Equation

Divorce, in and of itself, is a challenging process, and when significant wealth is involved, the complexities can escalate exponentially. Lifestyle choices often play a pivotal role in high-net-worth divorces, influencing factors such as property division, spousal support, and child custody arrangements. Understanding the Impact of Lifestyle Choices. Property DivisionThe accumulation of wealth in high-net-worth…

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Navigating the Waters of Inherited Wealth in High Net Worth Divorce

Inherited wealth can significantly complicate a divorce, introducing unique challenges that require careful legal and financial expertise. Understanding how inherited assets are treated in divorce proceedings is crucial for protecting your rights and achieving a fair settlement. How Inherited Wealth is Typically TreatedInherited assets are generally classified as separate property. However, commingling with marital assets…

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Navigating Divorce with Dignity: The Benefits of Collaborative Divorce

Collaborative Divorce is designed to facilitate respectful and cooperative negotiations between divorcing parents by encouraging open communication, problem-solving, and mutual understanding. The core philosophy of Collaborative Divorce revolves around finding solutions together rather than battling against each other. The benefits of Collaborative Divorce include: Get started today.  Contact us today for a confidential consultation at…

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Navigating Back-to-School Planning After Divorce

Post-divorce, back-to-school season can seem daunting. But with the right approach and proactive planning, it doesn’t have to be. Creating a detailed co-parenting plan is crucial. This is where we, at Family Law Solutions P.C., can assist. In Illinois, co-parenting plans should encompass which parent takes responsibility for various school-related activities and duties. Include details…

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Family Law and Finance: Building a Family Office With A Blended Family

Divorce involving high-net worth individuals, business owners, professionals, and executives can become extremely complicated especially when building a family office with a blended family. We discuss the following topics and so much more in “Family Law and Finance: Building a Family Office With A Blended Family” MIB LIVE including: • How does a blended family…

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How Does Divorce Impact Business Owners?

Many business owners consider their business to be like a second child. Any business is an extension of the owner; you put your blood, sweat, and tears into making it work. When a divorce occurs, there may be changes involving the structure and ownership of a business. Or there may need to be a buyout.…

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What You Need to Know About the Effect of Divorce on Your Taxes

Divorce affects your tax situation in ways you may not expect, and at the same time, it has no impact in places where you might assume it would. Before filing your return—and ideally, before finalizing your divorce—there are some key tax issues you need to consider. Alimony and Child Support are “Tax Neutral” Payments Not long…

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The Valentine’s Day Proposal: First Comes Love, Then Comes…a Prenup?

There’s a common misconception that prenuptial agreements are only for rich people who don’t expect their marriages to last. In reality, prenuptial agreements often strengthen marriages because they provide clarity and help couples understand their mutual expectations and responsibilities. Prenuptial agreements can be particularly helpful for individuals with obligations from prior marriages, or in situations…

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Family Law Solutions, PC, Helps to End the Cycle of Domestic Violence

We raised our glasses to commemorate Domestic Violence Awareness Month at the WINGS 21st Annual Hybrid Purple Tie Ball. The WINGS Program, Inc. is a dedicated advocate to end domestic violence by providing a safe space for victims and the tools and support to help them move away from violence. Family Law Solutions was honored…

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