Anderson & Boback Family Law Attorneys

As high asset divorce attorneys, we regularly field questions about finding hidden assets in an Illinois divorce. When it comes to the breakup of high assets or high net worth couples, this is almost always a concern. The divorce process is supposed to entail full disclosure of assets by each party. In high asset divorces, it seems that one party often engages in deceptive practices, like hiding their assets, all in an attempt to avoid sharing parts of the marital estate with their partner.  A forgotten asset is one thing, but when there is a deliberate attempt to avoid disclosure, what can a person do to guarantee that all the assets are disclosed? Here are the top seven questions answered about finding hidden assets in an Illinois divorce: 1. Should I waive the discovery process in my divorce? First, don’t tell your attorney to waive the discovery process . People are in such a hurry and are so impatient that they often will skip the most important part of the case to ...

Dealing with   hidden assets   in a high-net-worth divorce is not an uncommon challenge. High net worth individuals often have multiple financial accounts, whether it be checking, savings, money market, investment or retirement accounts. Most people who have a lot of money and high net worth don’t simply have their money sitting in one pot – it is diversified. This can make tracking down all of someone’s assets very difficult in divorce, especially when they are less than forthcoming about what they own and have access to. Finding Hidden Assets During the Divorce Process One of the common predicaments we see from clients is that they have no idea what their marriage’s financial picture looks like. How can someone enter into an agreement with another person awarding them assets if they don’t know what is in the marital pot? It is super important that the parties have full and fair disclosure of all assets and liabilities prior to settling their divorce case. And, for the...

Divorce breeds distrust. In today’s technology-driven society, distrust leads to  cyber-spying . No doubt, when you are going through your divorce, there is often a compulsion to see what your spouse is up to.  Some want to know if there is cheating and others just want financial information. It is important to know exactly what you can and cannot do however to avoid criminal charges. Lawyer Turned Pinkerton Detective Just after I left the prosecutor’s office, I took a job with Pinkerton.  Allan Pinkerton opened his first office in the 1850s and the company is still around today.  I was charged with selling Pinkerton’s services to lawyers. I told lawyers about the surveillance Pinkerton could provide and how detective services would help lawyers in their jobs. In order to fully sell the service though, I had to know the service. And so I became a Pinkerton detective-if only for a short time. I got to protect the Weiner mobile from the PETA folks, I got to d...

When it comes to overnight parenting time for an infant, challenges can arise for a noncustodial parent. Infants need to acclimate being away from their primary caregiver.  On the surface, immediate overnights may sound logical, but it overlooks a basic need of the very young child which is trust and security that comes from consistent nurturing care by their primary caregiver in a familiar setting.   Parents going through a divorce  with an infant need to consider the implications of overnight parenting time switches on the infant. Should You Have Overnight Parenting Time Changes for an Infant?  Consider that by the time a child reaches one year, the child has developed a close “attachment” and bond to one of the parents, the primary caregiver.  When the child is upset, they will turn to that parent for comfort and security. Since at this age there is no language ability and little or no sense of time, the child cannot be prepared for big changes in ...