Archive, March 2018.
During the divorce process, each party must make a number of difficult decisions. Some of the decisions are fairly simple and straightforward (i.e. who gets the pots and pans). Others, like deciding where one will live during and after the proceedings, can be far more challenging and are rarely considered in advance. To make matters worse, there are often practical, emotional, and financial implications involved. Learn what considerations can help to ease the decision-making process, and discover what an experienced divorce lawyer can do to improve the final outcome of your case.
Posted in Property Division | Tagged divorce divorce in Illinois divorce property division living apart Wheaton divorce lawyers
Couples do not typically enter a marriage with the intention of divorcing. Sadly, divorce is the path that nearly half of all couples will take. What causes them to head that direction, and how can you avoid meeting the same fate in your impending marriage? The following information examines the most common causes of divorce, as well as how to avoid them, and it explains how a seasoned family law attorney can use a prenuptial agreement to protect your finances before your marriage even starts.
Posted in Prenuptial and Postnuptial Agreements | Tagged divorce enforceable prenuptial agreement marriage prenuptial agreement
Divorce can jeopardize the financial future of both men and women, but women tend to be at the highest risk for financial devastation. If contention, domestic abuse, or financial abuse are present in the marriage, that risk exponentially increases. Thankfully, there are steps that women can take to mitigate against a severe financial loss during their divorce. Learn more in the following sections, including what a seasoned, competent attorney can do to help with your Illinois divorce.
Posted in Property Division | Tagged dividing the marital estate divorce equitable distribution Illinois divorce lawyers money and divorce
Alimony, though awarded less frequently today than it once was, is still a component in some divorces. Thanks to the changing tax laws under the Tax Code and Jobs Act, the rules that once applied will be changing as well. More specifically, parties who pay alimony will not be eligible for a tax deduction if their divorce is finalized after December 31, 2018. Learn more about how this new law may impact your post-divorce finances and discover some strategies for minimizing the damage in the following sections.
Posted in Spousal Maintenance | Tagged alimony alimony award DuPage County divorce lawyers spousal maintenance Tax Code and Jobs Act
Once the decision to divorce has been made, people often get excited about the future. Some are even ready to search for love. Relationship experts caution against moving too fast in the dating world if you have children, however. Learn more about why and discover how an experienced divorce lawyer can help to ease the stress of the divorce process for your entire family in the following sections.
Posted in Family Law | Tagged children and divorce co-parenting divorce DuPage County divorce lawyers Illinois divorce
Divorce can have a significant and negative impact on the financial aspects of one’s life, especially if they are financially disadvantaged (a non-earning spouse). Thankfully, these parties are often owed a settlement, which they are permitted to use however they see fit. Perhaps one of the most financially savvy moves is to invest the money, rather than spend it. Learn more in the following sections, including how an experienced divorce attorney can improve the outcome of your Illinois divorce.
Posted in Property Division | Tagged divorce divorce and money divorce settlement fair divorce settlement Illinois divorce lawyers
Taxes, though not often discussed, are a critical element in almost every divorce, and they are especially important when alimony may be owed. Thanks to the new Tax Code and Jobs Act, everything about alimony and taxes will change, come the start of 2019. Find out how and discover what it could mean for your Illinois divorce in the following sections.
Posted in Spousal Maintenance | Tagged alimony alimony in Illinois DuPage County alimony lawyers Illinois spousal support spousal maintenance
Divorce can be a messy and complex process, especially when there is a substantial amount of money involved. Sadly, cryptocurrencies, such as Bitcoin and Ethereum, are further complicating divorce. Some people worry that the digital currencies have also created a bit of a vacuum, where assets can be hidden and extremely difficult to trace, which could lead to an unfair distribution of the marital estate. Thankfully, there are some ways to mitigate the risks. Learn more in the following sections, including how the assistance of an experienced divorce attorney can help improve the outcome of …
Posted in Divorce | Tagged Bitcoin cryptocurrencies digital assets divorce DuPage County divorce lawyers
Science has long shown that children are vulnerable to experiencing maladjustment issues, such as anxiety, in divorce. How can you detect such issues in your child, and how can you help them cope? Learn more in the following sections, including how the aid of an experienced family law attorney can improve the outcome of your case, thereby decreasing the odds that your child will suffer from anxiety during or after the divorce process.
Posted in Child Custody | Tagged allocation of parental responsibilities children and divorce divorce DuPage County divorce lawyers separation anxiety and divorce
Under Illinois state law, children are entitled to financial support from both their biological parents, regardless of whether the parents were ever married. However, that support is not unlimited. Instead, the state has a specific formula that is used to determine what a paying parent’s support obligation should be. Learn more about the way that child support is calculated, and discover how to determine when the aid of an experienced attorney may be beneficial for parents who are engaged in an Illinois child support case.
Posted in Child Support | Tagged calculate child support child support child support guidelines child support order Wheaton child support lawyers
As the world becomes more digital, so do the various aspects of our lives; that includes separation and divorce. In fact, there are several phone applications that promise an easier way to manage, coordinate, and track things like support payments, parenting time schedules, and documents. There are even applications that allow you to complete the entire divorce process, right from your smartphone – but can you really trust an app with such a sensitive and complex matter? The following explores the answer to this question, and it provides you with details on how to reduce the risk of costly …
Posted in Divorce | Tagged divorce divorce app DuPage County divorce lawyers Illinois divorce phone app
Discussing a legal document that outlines your divorce before you are even married may not seem like the most romantic move. However, experts are now encouraging couples to talk about their finances, as well as the possibility of a divorce, before they wed. Part of this is due to the increasing prevalence of divorce and second marriages among older adults, and the intentional delay of marriage among millennials. The increase in entrepreneurship and small businesses are yet another factor.
Posted in Prenuptial and Postnuptial Agreements | Tagged divorce DuPage County prenuptial agreement attorney enforceable prenuptial agreement prenuptial agreements