Chicago Divorce Lawyer for Real Estate Agents: 3 Critical Tips
You just completed your best real estate sales year ever…more than $10 million in
closed deals. Just 3-years ago as your twin boys started first grade, you got your real
estate brokerage license and joined the Oak Park/River Forest chamber of commerce.
Now, you’re a successful real estate entrepreneur.
But you can’t remain married.
You’ve made a lot of sacrifices to get where you are. You’ve built a business you can be
proud of. And that’s finally profitable!
But now that you’re divorcing, you have questions about how to determine what the
brokerage is actually worth, how to protect your relationship with your sons, and how to
fairly allocate your real estate portfolio.
Your case isn’t some generic DIVORCE. Learn the 3 key reasons WHY you need a
lawyer focused on Real Estate Agent Divorce:
Your Income is Different. You’re not working the 9-5 job and you’re not getting paid as some generic employee. I’ve been a small business owner and employer since 2005. I know what your income looks like and what your taxes look like…this matters a LOT with regards to child support and spousal support (maintenance) in a divorce. I file a schedule C and K-1 for tax purposes. I pay staff both employees and contractors and understand the difference. I’ve represented many real estate agents, brokers, and owners of real estate brokerages over the last 20 years (not to mention other business owners from restaurant franchisees to owner/operator truckers). If you OWN your brokerage, that’s marital property, a huge issue in the divorce, and how that brokerage gets valued or divided is critical.
Parenting Time Set-Up. I just sold a home in Des Plaines, Illinois in fall 2021 and my real estate agent was Christopher DuPont (highly recommended by the way). My memories of the 2-3 months when our home was listed for sale centered on getting up too early on Saturdays/Sundays, tidying the house, getting the heck out of there, and then at least having a fun brunch w/ my wife. Why? Because our real estate agent was doing Saturday/Sunday open houses and selling my home. A parent’s work schedule often dictates her parenting time arrangement. Our Firm has represented 10s of real estate professionals over the last 20-years. We KNOW you and we know how to craft an Allocation of Parental Responsibilities Judgment that is tailored specifically to your life!
We know Real Estate too. A home (or a pension/retirement plan) is often the most valuable asset in a marriage…you can’t afford for it to be mishandled. During my first 5 years of practicing law, I handled hundreds of real estate transactions. I know the #s on the RESPA statement, the appraisal issues, and the mortgage issues. Ordering the specifics for the sale of a marital residence is critical. If your lawyer doesn’t KNOW how to handle that sale, then you KNOW that the divorce judgment will be flawed. Further, I work closely with the Divorce Lending Association because if a spouse is required to refinance and payout equity from a marital residence, ‘how’ the income is structured matters a lot! Divorce lending ain’t just some generic mortgage qualification process. Don’t let your real estate deal get delayed or worse have the proceeds FROZEN until the divorce is over.
Close:
My law firm exists to create personalized solutions for families in crisis so that generations of families are vastly improved because of our ‘touch’ at a critical moment in time. We only practice divorce/child custody law & we represent First Responders and Realtors, period. Your divorce is about the future. We’re here to represent you so that your financial future and your relationship with your children is secure.
How can we serve you?
