Category Archives: Divorce

Bitcoin and Divorce

In Illinois, incident to resolving a divorce case, all assets and liabilities are required to be identified, valued, and allocated between the parties equitably. Although often resulting in a 50/50 division of marital assets, “equitable” does not necessarily mean “equal.” Prior to either reaching an agreed upon division of assets, or proceeding to trial on […]

Impact of Market Volatility on Divorce Agreements

Following more than a year of stock market euphoria, February 2018 is thus far a month serving as a harsh reminder of the concept of market volatility. For spouses contemplating or in the midst of a divorce, the takeaway transcends mere numbers on a balance sheet. In divorce cases, litigants have the option to take […]

The Heart of the Collaborative Divorce Process

On January 1, 2018, the Uniform Collaborative Law Act (“UCLA”) was enacted in Illinois. This means that divorcing couples, who want to preserve their relationship, protect their children and maintain privacy can contractually bind each other to resolve their divorce outside of the courtroom by choosing to use the Collaborative Divorce Process. Pursuant to the […]

Legal Fee Savvy

Everybody likes a good deal. At Schiller, DuCanto & Fleck, LLP, we take comfort using a team approach which makes our resources go further and adds value for the client. Oftentimes, consumers of legal services ask about hourly rates only for the lawyer they interview, but seldom ask about rates for other lawyers, law clerks […]

Supreme Court Refuses to Hear Texas Same-Sex Benefits Case

In what will be seen by many as a victory for the Christian right and a blow to the LGBTQ community, the U.S. Supreme Court let a challenge go forward this week to Houston’s practice of providing benefits such as health insurance to the same-sex spouses of city employees, leaving intact a Texas Supreme Court […]

I Am Divorced…Now What? The Top 10 Steps To Take To Safeguard Your Financial Future

Once you have gone through the divorce process and are formally divorced, there are still many steps that can and should be taken to protect yourself. The following is a list of the top ten (10) actions you should take after your divorce has been finalized: 1. The Judgment for Dissolution of Marriage is the […]

Pet Custody Comes to Illinois

Companion animals, commonly referred to as “pets”, play an ever-increasing role in American society. US pet industry expenditures were $38.5 billion in 2006 and nearly doubled to $66.75 billion in 2016. According to the 2017-2018 APPA National Pet Owners Survey, 68% of US households own a pet, equating to 84.6 million homes. The strong emotional […]

Legalizing Recreational Marijuana in Illinois

Attitudes toward recreational marijuana use are continuing to evolve, with the idea becoming more and more acceptable to more and more people.  In fact, the push to legalize marijuana on a recreational level continues in Illinois.  On Wednesday, March 22, 2017, two state lawmakers from the City of Chicago’s North Side, Rep. Kelly Cassidy and […]

Five Tax Considerations When Divorcing

Whether you are in the process of getting divorced or are considering filing for divorce, there are a five (5) tax considerations you should be aware of as you move forward.  As we are in the midst of tax season it is the perfect time to consider these tax issues to avoid potential pitfalls. 1. […]