Blog
Law Office of Vincent C. Machroli, P.C.
High Point Plaza, 4415 West Harrison Street, Suite 213, Hillside, IL 60162
High Point Plaza, 4415 West Harrison Street, Suite 213
Hillside, IL 60162

CALL TODAY FOR A FREE CONSULTATION

708-449-7404

Subscribe to this list via RSS Blog posts tagged in high asset divorce

Illinois divorce lawyerWhile most couples want to complete their divorces as quickly as possible, some spouses seem to enjoy dragging it out. At every turn, they find something to contest, and they refuse to compromise. Sometimes, this desire to delay stems from feelings of anger or bitterness. Other times, it is an extension of the abuse experienced during the marriage. Whatever the reason, lack of preparedness can leave the non-contentious party frustrated. Learn how to mitigate against the delaying tactics with help from the following information.

Know What You Own and What You Want

One of the biggest mistakes that divorcing parties make is that they fail to understand their financial landscape. Unfortunately, this can result in wasted time, and it also can leave too much of an opportunity for asset dissipation by the other spouse. Reduce your risk of both problems by ensuring you know what you own, and what it is that you want out of the divorce. Gather documents on all your marital assets, including:

...

Illinois divorce lawyerDivorce can be contentious and painful for anyone, but couples who have a high net worth can be especially at risk for compounding issues. Some divorces may even place the parties at risk for financial devastation. Learn how to reduce your risks by understanding how to avoid some of the most common mistakes made in high asset divorce.

Settling for the Sake of Settling

High net worth divorce negotiations can be draining, arduous and contentious – so much so that even the most patient of individuals may be tempted to accept an early settlement offer. Unfortunately, doing so may mean leaving behind money or assets that you may have otherwise been entitled to in your divorce. Avoid making this mistake by consulting with your attorney before accepting an offer.

...
Illinois State Bar Association LAW QA Verified DuPage County Bar Association American Bar Association Highly Recommended by Locals On Alignable Martindale-Hubbell Gold Client 2018 AVVO Will County Bar Association Vincent C. Machroli & Associates, P.C. BBB Business Review
Back to Top