The laws can differ between states when it comes to determining what assets are marital and which are not. These laws determines which assets are divided during a divorce.
Are stock options considered assets to be divided during divorce? The first thing we need to look at is what is a stock option? A stock option is the right to buy stock in a company who employs the spouse at a discounted or fixed price within a certain period of time. Stock options can […]
Sean Sullivan, an Illinois family lawyer answers the common question surrounding property division and debts, are they settled at the same time?
Are there any tax consequences to a short sale or foreclosure if the bank forgives the unpaid part of the loan?
Are there any short sale tax consequences or foreclosure consequences in Illinois? Read on to find out about the implications involved.