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Deep division over assets in divorce

As readers of our McLean law blog know, divorce can be one of the most difficult experiences a person can endure. When it involves a dispute over child custody or property division, the emotions and law involved can be quickly complicated.

We read recently of a divorce involving significant wealth and a strong disagreement over how assets should be divided. The split is between Cancer Treatment Centers of America founder Richard Stephenson and his wife Alicia Stephenson.

The Chicago couple's divorce has gotten substantial attention in the Windy City. In fact, the Chicago Tribune recently described the tenor of the legal proceedings this way: "Acrimony has become the norm in the long-running trial..."

The article goes on to say that bickering and interruptions are standard fare in the trial that essentially revolves around a dispute over how to distribute the millions of dollars generated by the string of Cancer Treatment Centers.

The trial began all the way back in October. Consider this, too: the divorce proceedings kicked off seven years ago when Alicia filed.

Though the divorce itself became official last year, the fight over spousal maintenance (also known as alimony) drags on. Alicia is asking for more than $400,000 a month in maintenance, while her former husband insists that their prenuptial agreement should be upheld.

Few divorces involve millions of dollars as this one does, but many have disputes over important assets such as a home, vehicles, bank accounts, debts, retirement funds and more. You can discuss the details of your situation with a McLean family law attorney experienced in protecting your rights, your assets and your family.

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