Posted on January 14, 2022 in Property Division

When two people marry, they join their lives as well as their finances. A huge part of the divorce process is reversing this financial entanglement. Spouses will need to either decide how to divide their jointly held assets or have the court divide assets for them. This process can become very complicated, especially when spouses have complex or high-value assets.

Out-of-Court Property Division Settlements

Ideally, divorcing spouses can work out a property division agreement on their own. Out-of-court settlements can save divorcing spouses time, frustration, and money. There are several alternative resolution methods that may help spouses reach an agreement on the division of debts and assets. Mediation is a process during which spouses meet with a mediator who helps them discuss unresolved divorce issues and develop a solution that works for both parties. Collaborative law is a process during which the spouses and their attorneys work collaboratively to reach a divorce settlement.

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 Posted on January 07, 2022 in Divorce

Divorce cases range in complexity. In some divorces, the spouses are able to agree about most if not all divorce issues. They spend little time in court and resolve the divorce relatively easily. Other divorce cases are wrought with conflict. The spouses are unable to reach agreements and the court must intervene. In cases like these, witnesses may provide insight into various aspects of the divorce.

Character Witnesses in a Joliet Divorce

Many divorce cases become “he said – she said” situations. Character witnesses may provide insight into a party’s personality or behavior in a divorce case. The information provided by the witnesses may help the judge reach a decision on the case. For example, a child’s teacher may testify about the parents’ involvement in their child’s education or interactions between the child and the parents. A neighbor may testify about the arguments he or she has witnessed between the parties.

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 Posted on December 30, 2021 in Child Support

Child support payments help unmarried and divorced parents share child-related costs. In Illinois, child support is usually calculated using the Income Shares formula. Each parent’s net income is factored into the formula so that the amount of child support is reasonably affordable and allows the child the same standard of living as he or she would experience if the parents were married. Unfortunately, calculating child support is not always this straightforward. Unusual income sources, unemployment, financial deception, and other issues can complicate child support calculations significantly.

What Counts as Income?

The amount of child support a parent pays is based on a carefully designed formula that uses each parent’s net income. Net income includes not only wages, but all other forms of income as well. Bonuses, commissions, self-employment income, income from rental properties, investment income, pensions, Social Security, inheritance, and even personal injury settlements or workers’ compensation awards may count as income. Net income excludes taxes and child support or spousal support orders from a previous relationship.  

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 Posted on December 23, 2021 in Divorce

Divorce involving older couples differs from traditional divorce in many ways. The legal, financial, personal, and familial issues divorcing spouses face are often unique to their stage in life. If you are thinking about ending your marriage and you are over the age of 50, you may be feeling overwhelmed and uncertain. These types of feelings are normal. After all, divorce is a huge decision. Learning about the challenges you may face during a “gray divorce” can help you prepare to tackle those challenges and create a brighter post-divorce future.

Getting Divorced When You are Retired or Close to Retirement

Divorce rates have skyrocketed among older couples in recent decades. Many spouses are simply unwilling to stay in an unfulfilling marriage during their golden years. Unfortunately, getting divorced near retirement age can present unique financial obstacles. In Illinois, courts divide marital property equitably. Retirement accounts, including pensions, 401(k)s, and IRAs are often classified as either fully or partially marital property. Both spouses are entitled to an equitable share of retirement funds that either spouse earned during the marriage.

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 Posted on December 16, 2021 in Child Custody

For divorcing parents, child custody is usually one of the most important aspects of divorce. Some parents are able to reach an agreement about child custody issues relatively easily while others struggle to find any common ground at all. If you and your spouse are divorcing and you have different opinions about how you should handle child custody issues, you may be feeling overwhelmed and frustrated. Child custody disputes can be contentious. However, there are many alternative resolution methods available to spouses in this situation that may help them reach an agreement.

Parenting Plans in a Naperville Divorce Case

Parents who file for divorce are asked to create a parenting plan and submit it to the court. The parenting plan covers everything from who keeps the children on what days to how parents will handle any future modifications to the plan.

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 Posted on December 10, 2021 in Divorce

Drug and alcohol addiction touches the lives of millions of people in Illinois and throughout the United States. If your spouse has a substance abuse problem, you know first-hand how impactful addiction can be on a family. Sadly, many marriages cannot survive the turbulence brought on by an addiction.

If you have decided to end your marriage and your spouse suffers from alcoholism or addiction, the road ahead may be bumpy. However, there are steps you can take to make the divorce process go as smoothly as possible.

Retain Experienced Legal Counsel

A spouse’s drug or alcohol addiction is sure to complicate any divorce. Nearly every aspect of the divorce process can be affected, including child custody, the division of marital assets and debts, and child support. Make sure to work with an attorney experienced in divorce cases involving substance abuse or addiction. Your lawyer will ensure that your rights are protected and act as your legal advocate throughout the divorce.

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 Posted on November 23, 2021 in Divorce

Divorce involves much more than ending the marriage relationship. Divorcing spouses must also allocate the property they have earned throughout the marriage. If you or your spouse own business interests, real estate, stocks, investments, and other complex assets, property distribution will be especially challenging. Spouses have a right to an equitable share of the marital assets during divorce, however, some spouses try to cheat the other spouse by lying about financial concerns during a divorce. Hiding assets is unlawful and it can impact the outcome of your divorce dramatically. It is important for spouses to recognize signs of financial fraud during divorce and take swift action.

Signs Your Spouse May Try to Lie About Finances During Divorce

Nearly every aspect of the divorce process is influenced by finances. The distribution of assets and debts, child support, and spousal maintenance or alimony are all directly impacted by the spouses’ financial resources. Some spouses try to gain an advantage by undervaluing assets, overvaluing debts, or failing to disclose assets. If you are getting divorced, make sure to look for signs your spouse may be hiding assets or otherwise trying to manipulate the outcome of your divorce:

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 Posted on November 19, 2021 in Child Support

Stay-at-home moms and dads who get divorced face a unique set of circumstances. For many parents, the justification for staying home with the kids was largely based on the other spouse’s income. If you are a parent who has sacrificed a career to care for your children full-time, you may be worried about the financial implications of divorce. You may also worry about how you and your children will adjust to life after the separation. There is no getting around it: Divorce as a stay-at-home parent is complicated and emotionally taxing. Fortunately, Illinois law provides options that may help.

Temporary Relief Orders Can Provide Financial Support and Stability

Unfortunately, many stay-at-home parents stay in unhappy or even abusive marriages because of concerns about money. If a parent has not held a job in several years, they may worry about having the financial means to leave their spouse. If you are in this situation, you should know that you may be able to get financial assistance from the other spouse through a temporary relief order.

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 Posted on November 15, 2021 in Divorce

The internet has become a huge part of most people’s everyday lives. We can pay our bills, shop, or even get a degree, all from our home computer. If you are thinking about divorce, you may wonder if you can reduce divorce costs and speed up the process through an online divorce or “do it yourself” divorce. While the idea of a DIY divorce may initially seem attractive, many people who choose this route are met with unforeseen consequences.

DIY Divorce Services are One-Size-Fits-All

Getting divorced is one of the most significant things you will ever do. The financial, legal, and personal implications of your divorce will likely affect you for years after the split.  So-called “online divorce” usually consists of little more than forms that you can fill out with basic information. These divorce services are one-size-fits-all and do not take into account the particulars of your situation

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 Posted on October 26, 2021 in Divorce

Developing a parenting plan is often one of the hardest parts of an Illinois divorce. If you are a divorcing parent, you may have many different questions and concerns about child custody. You may be worried that you will not get to spend enough time with your kids after divorce. You may also have questions about your rights as a parent under Illinois law. One aspect of the parenting plan many people misunderstand or overlook is the “right of first refusal.”

Parenting Time Schedules in an Illinois Divorce

Illinois law no longer refers to “child custody” and “visitation.” Instead, the law breaks parenting duties into two components:

• Parental responsibilities – Parental responsibilities are how parents make decisions about their children such as where the child goes to school or the types of medical care the child gets.

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