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 be valuable and they’re subject to equitable distribution as a […]
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.