Posts Tagged ‘Inherited wealth’
Beyond the Numbers: Achieving Financial Clarity in High-Net-Worth Divorce
Divorce is challenging for anyone, but for high-net-worth individuals, the complexities multiply exponentially. Beyond the emotional toll, these cases often involve intricate asset divisions, complex tax implications, and the involvement of multiple professionals. Hidden assets, complex investment portfolios, business valuations, executive compensation, fluctuating income, patents and other Intellectual Property, inherited wealth, real estate, and retirement…
Read MoreFamily Law Solutions Announces “2025 Leading Lawyers”
Congratulations to the following Family Law Solutions team members on being recognized as a 2025 Leading Lawyer. This prestigious Leading Lawyer designation, awarded based on peer recommendations and recognizing exceptional legal skills, is a distinction held by less than 5% of all licensed attorneys in Illinois.
Read MoreNavigating 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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