Kansas City Divorce & Family Law Blog by Stange Law Firm, PC
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Dividing Stock Options, RSUs, and Deferred Compensation in an Illinois Divorce
Stock options, restricted stock units, and deferred compensation can be among the most difficult assets to divide in an Illinois divorce. The award may be unvested, conditioned on future employment, tied to performance, subject to forfeiture, or taxed only when exercised or distributed. A current account statement may therefore show little value even though the compensation could become substantial. Illinois law specifically addresses stock options, restricted stock, and similar forms of benefit granted during the marriage. Section 503 of the Illinois Marriage and Dissolution of Marriage Act requires careful classification and allows courts to consider the circumstances of the grant
How High Income Child Support Works in Illinois
High income child support cases can be more complicated than inserting two salaries into a worksheet. Executives, business owners, physicians, investors, and professionals may receive bonuses, equity awards, deferred compensation, partnership distributions, or benefits that are not reflected in a regular paycheck. Illinois courts must identify net income accurately and decide whether the guideline result serves the child’s needs and the statutory purpose of support. Illinois uses an income shares model under Section 505 of the Illinois Marriage and Dissolution of Marriage Act. The model estimates the amount parents would spend on their children if they lived together, then allocates
Child Relocation Laws in Illinois Divorce Cases
Relocation can be one of the most serious parenting issues after divorce because it may change school routines, transportation, holiday time, and the child’s relationship with each parent. In Illinois, relocation is not simply a personal decision when a parenting order is in place. A parent may need to follow statutory requirements before moving with a child. Illinois relocation issues are addressed under 750 ILCS 5 609.2. The law includes notice requirements and a best interests review when relocation is disputed. Parents should understand the difference between moving nearby and relocating in a way that triggers legal procedures. A careful
High Asset Divorce in Illinois: What to Expect and How to Protect Yourself
High asset divorce cases involve far more than dividing property. These cases often include complex financial structures, multiple income streams, business interests, and long-term wealth considerations that require detailed analysis. In Chicago and throughout Illinois, high asset divorces tend to be more contested, more document intensive, and more financially significant than a typical divorce. The stakes are higher, and even small mistakes can result in long-term financial consequences. Whether you are a business owner, executive, or part of a high-income household, understanding how these cases work is essential to protecting your financial future. What Is Considered a High Asset Divorce
High Asset Divorce Considerations in Chicago
Divorce can become significantly more complex when couples have accumulated substantial assets during the marriage. High asset divorce cases often involve business interests, multiple real estate properties, retirement accounts, investment portfolios, and other valuable financial holdings. When these assets must be divided, the legal and financial issues involved are often far more complicated than those seen in a typical divorce case. In Chicago and throughout Illinois, courts follow the principle of equitable distribution when dividing marital property. This means assets are divided in a way that the court considers fair rather than automatically splitting them evenly. In high asset divorce
Questions to Ask Your Divorce Lawyer
Choosing the right divorce lawyer is one of the most important decisions you’ll make during the divorce process. In Chicago, an experienced Illinois divorce lawyer from Stange Law Firm, PC, who understands state divorce law, knows how local courts work, and anticipates how judges are likely to view certain issues, can make all the difference in the outcome of your case. A consultation is more than a formality. It’s your chance to assess whether an attorney is a good fit for you, your family, and your future. The right questions can leave you feeling confident, informed, and ready to take
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