Protecting Assets in High Net Worth Divorces

When two people with significant assets decide to divorce, they may encounter issues that do not appear in a divorce involving very little marital property, not least of all with asset division. People who marry with high-value assets in their possession will understandably want to take steps to ensure that they retain them, rather than having them be part of the equal distribution that makes up a marriage. There are multiple ways to do this under Illinois law. Prenups in Illinois Prenuptial agreements are the most common way to protect assets for most couples. Illinois law is fairly straightforward regarding them, holding that they are enforceable unless made under duress, or if one party’s signature was obtained through fraudulent means. There must be a full accounting of each party’s financial information before it can be deemed that both spouses have enough information to properly execute the agreement. Coercion is also sometimes an issue, and a court will…

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