Issues in High Asset/Net Worth Divorce

Lavelle Law • February 7, 2023

A Lavelle Law Breakfast Briefs Presentation - March 8, 2023

A poster for breakfast briefs issues in high asset / net worth divorce
REGISTER


MEET THE PANEL


Joseph A. Olszowka

Attorney Joseph Olszowka has over 30 years of experience handling family law cases. Before joining Lavelle Law’s Family and Divorce Law Practice Group, Mr. Olszowka was the Principal Attorney at the Law Offices of Joseph A. Olszowka, Jr., where he successfully litigated hundreds of cases, including complex divorce, parental allocation, parentage, child support, business valuation, adoption, and domestic violence cases. 

Olszowka attended John Marshall Law School, has a certificate in family law, is on the DuPage and Will County approved Child Representative/Guardian ad Litem appointment list, and is an approved mediator in DuPage County and Will County for family law cases.


Colleen M. Breems

Attorney Colleen Breems is a vital member of our Family and Divorce Law team. She handles high net worth divorce cases, prenuptial agreements, and postnuptial agreements and has skillfully handled family law cases of every shape and size. Ms. Breems is on the Cook County approved Child Representative/Guardian ad Litem appointment list and accepts appointments by Judges in Cook County to represent minor children in domestic relations matters. She also is certified in Mediation Skills Training from Northwestern University. 


Ms. Breems has been recognized by the Chicago Bar Association, winning the David C. Hilliard Award for Outstanding Committee Service in 2022, and serves as Chair of the Young Lawyers Section Family Law Committee. Colleen has sat on DePaul University Family Law Center Advisory Board as an alumni advisor, and currently serves as Vice President of the Advocacy Council at the Junior League of Chicago. Colleen also provides pro bono legal services through Chicago Volunteer Legal Services. 


Heather G. Walser

Attorney Heather Walser is a Lavelle Law Shareholder with more than 20 years of experience. She focuses her practice in the areas of estate planning, wills and trusts, estate and trust administration, and elder law, and is the shareholder in charge of the Estate Planning Practice Group at the firm. Heather works closely with her clients to provide comprehensive solutions for protecting them and implementing their wishes. Heather is committed to understanding all details and aspects of her clients’ issues and providing them with the highest level of service for their legal needs. She is frequently consulted by our family law attorneys when complicated issues arise pertaining to dividing large assets including the sale of a business, retirement accounts, and pension plans. 


More News & Resources

Lavelle Law News and Events

Should Taylor Swift and Travis Kelce lawyer up? What would their prenup look like?
By Joseph A. Olszowka and Kristina Buchthal Alkass September 12, 2025
Taylor Swift’s engagement to Travis Kelce has made a big splash in the news. In this podcast, Lavelle Law family law attorneys Joe Olszowka and Kristina Buchthal Alkass discuss the importance of prenuptial agreements - and not just for the wealthy.
Who qualifies for the
By Timothy M. Hughes September 10, 2025
The U.S. Treasury Department issued a preliminary list of nearly 70 jobs that qualify for “no tax on tips.” The occupations include a wide range of services spanning from Rickshaw drivers to digital content creators.
Does the Expiration of the Statute of Limitations for a Mortgage Extinguish the Mortgage Lien?
By Steven A. Migala September 4, 2025
On August 20, 2025, the First District of the Illinois Appellate Court decided Chicago Title Land Trust Co. v. Watkin, 2025 IL App (1st) 241354 (August 20, 2025). At issue in Watkin was whether the expiration of the statute of limitations barring enforcement of a mortgage also extinguishes the mortgage lien.
New Illinois Small Estate Affidavit Law: Key Updates for 2025
By Nataly Kaiser August 26, 2025
The Illinois General Assembly has updated the Probate Act of 1975 to improve the small estate affidavit process for settling estates without formal probate. Effective immediately, this amendment offers significant benefits for Illinois residents managing a loved one's estate.
Illinois family laws help determine who gets to keep the pet when couples divorce.
By Joseph A. Olszowka August 25, 2025
A common consideration in a divorce case is who will get to keep the family pet. Illinois has a specific law that addresses this issue. In this video, divorce attorney Joe Olszowka explains the various factors the court considers when there is a pet involved in an Illinois family law case.
Lavelle Saves Homeowner from Real Estate Tax Bill Disaster
By Litigation August 20, 2025
Lavelle Saves Homeowner from Real Estate Tax Bill Disaster - In the end, our client clawed back ownership of his family’s home and was made whole on the attorney fees he was forced to pay to rectify this unfortunate situation.
A summary of NADA’s statement defending state franchise laws.
By Sarah J. Reusché August 14, 2025
Recently, OEMs like Tesla and Rivian implemented a direct-to-consumer approach that many state motor vehicle dealer laws are intended to prohibit. On May 27, 2025, the National Automobile Dealers Association (NADA) submitted a Public Comment, defending state franchise laws.
Free Family Law Seminar in Schaumburg, IL
By Family Law August 11, 2025
Join Lavelle Law for an informative presentation tailored to individuals seeking expert guidance on critical family law matters. Our experienced family law attorneys will break down three key areas — prenuptial/postnuptial agreements, collaborative divorce, and child custody.
IRS outlined key points for tax year 2025 relating to the OBBBA provisions.
By Timothy M. Hughes August 10, 2025
On August 7, 2025, the IRS announced that, as part of its phased implementation of the July 4th One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for tax year 2025 related to the new law. The IRS outlined key relevant changes to tax filers effective for '25 - '28.
Saved or client $1 Million in Estate Tax
By Estate Administration July 30, 2025
Due to Lavelle’s extensive knowledge in estate and gift tax, we were able to generate a combined federal and Illinois estate tax savings of $1 million for the client.
More Posts