Thumbs Up Thumbs Down
Share Your Experience
X

Wheaton divorce lawyersMost divorcing parties know that an attorney can benefit them during a divorce, but few understand the role or importance of a financial advisor. Able to examine your financial situation and work closely with you and your attorney, these professionals are known for their ability to plan far into the financial future. Learn how having both a financial advisor and an attorney during your divorce may improve your life, long after the divorce is over.

What Does a Financial Advisor Do?

Financial advisors, such as Certified Public Accountants (CPAs) help individual’s make smarter decisions with their money. That can include large sums of money, but it can also pertain to one’s monthly or annual cash flow. For example, an advisor may notice that you are spending a lot of extra money on various memberships that could be combined to offer the same benefits at a lower price. They can also search for spending patterns that may be hindering your ability to reach or maintain financial stability. A financial advisor may even be able to provide you with the knowledge and tools that you would need to achieve a financial status that goes beyond survival and stability to create a sustainable source of future wealth (i.e. starting an investment portfolio to fund your retirement).

Continue reading

DuPage County bankruptcy attorney, Chapter 7 Bankruptcy, liquidation bankruptcy, filing for bankruptcy, financial problemsEntering serious financial troubles is a subject that no one wants to discuss. Moreover, having to make the decision to file for bankruptcy can be very embarrassing and frustrating. Yet sometimes filing for bankruptcy is the best option. To file for Chapter 7 bankruptcy, there are qualifications and requirements that must be met, so that the overall process can go as smoothly as possible.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” releases most unsecured debt, including credit card debt, medical payments, and personal loans. This type of bankruptcy is the easiest, quickest, and most common, with over 63 percent of all bankruptcy cases filed under Chapter 7 in 2016.

Continue reading

Illinois alimony lawyersAlimony is meant to provide a disadvantaged party with the financial resources they need to recover after a divorce but it can be a burden for the paying party. In fact, many rely on the tax break they receive at the end of the year to even out the expense. Sadly, that tax could be eliminated if the GOP bill tax bill is passed by the Senate, as is. Learn more about how its passage could impact you in divorce and what an experienced attorney can do to help.

The GOP Bill and Divorce

As of right now, paying parties can claim their alimony as a tax deduction. This not only reduces the individual’s tax load at the end of the year, but it also helps to keep more money in the family unit. If eliminated, it could increase the risk of divorce-induced poverty among already at-risk families, such as those classified as low to middle income by the government.

Continue reading

Wheaton parenting time lawyerDivorce can be difficult for all involved parties, but children are often the most susceptible to lifelong complications. For example, studies have shown that children of divorce may be more likely to experience certain health issues, behavioral issues, and mental illness in childhood, adolescence, and adulthood. Children may also experience maladjustment issues during and immediately after the divorce, such as bedwetting and separation anxiety.

Thankfully, other studies have shown that parents can mitigate the risk with 50-50 shared parenting. Now a father’s rights group is pushing for that arrangement to be the presumed arrangement in family courts. Learn what this might mean for your divorce case, should they be successful, and discover how an experienced attorney can help you now, regardless of whether their efforts change the law or not.

Fathers Remain at a Disadvantage in Divorce

Continue reading

Illinois divorce lawyersHistorically, pets have been treated more like furniture in divorce than living, feeling beings – but that is all about to change. A new divorce law, set to take effect on January 1, 2018, changes that. Learn more about this new law and how it may affect your divorce, and discover how an experienced lawyer can assist with the various aspects of your case, such as your right to continued pet ownership after an Illinois divorce.

A Closer Look at the New Law

As the law stands now, pets are treated as an asset in the marital estate but because they cannot be divided like other assets, they typically go to the owner that paid for the animal’s care (or the one that can most feasibly continue to financially care for the animal). Sadly, this has resulted in many pets being separated from the owner that loved them most. There have also been cases in which spouses have fought for a family pet out of anger or retaliation, only to neglect or surrender the beloved companion once everything is over.

Continue reading
Abraham Lincoln A lawyer’s time and advice are his stock and trade. -Abraham Lincoln
Warrenville Office
Address28371 Davis Parkway
Suite 103
Warrenville, IL 60555
Phone(630) 657-5052
Fax(888) 350-9195
Wheaton Office
Address1776 S. Naperville Road
Building A, Suite 105
Wheaton, IL 60189
Phone(630) 580-6373
Fax(888) 350-9195
Chicago Office
Address321 N. Clark Street
Suite 900
Chicago, IL 60654
Phone(312) 985-5676
Fax(888) 350-9195
Joliet Office
Address58 N. Chicago Street
7th Floor
Joliet, IL 60432
Phone(815) 582-4901
Fax(888) 350-9195
Davi Law Group, LLC handles family law, estate planning and real estate matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Kendall County and Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Carol Stream, Darien, Downers Grove, Elmhurst, Geneva, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lisle, Lombard, Naperville, Oak Park, Oak Brook, Oswego, Park Ridge, Roselle, St. Charles, Villa Park, Warrenville, Wheaton, Winfield, Woodridge and Yorkville, Illinois.
Warrenville Office
Address28371 Davis Parkway, Suite 103, Warrenville, IL 60555
Phone(630) 657-5052
Fax(888) 350-9195
Wheaton Office
Address1776 S. Naperville Road, Building A, Suite 105, Wheaton, IL 60189
Phone(630) 580-6373
Fax(888) 350-9195
Chicago Office
Address321 N. Clark Street, Suite 900, Chicago, IL 60654
Phone(312) 985-5676
Fax(888) 350-9195
Joliet Office
Address58 N. Chicago Street, 7th Floor,
Joliet, IL 60432
Phone(815) 582-4901
Fax(888) 350-9195
Contact us
Chat Us Text Us