Archive, September 2018.
While some couples are able to completely end their relationship with a divorce, others must continue to interact with one another because of the children they share. This new relationship, a process that is more commonly referred to as co-parenting, continues (at least) until the child turns of age. How you navigate it - not just during the divorce, but long after - can make a massive difference in how your child adjusts to the new structure of their family. Increase your chances of success by using these five tips for successful co-parenting, and discover how a seasoned divorce lawyer can …
Posted in Child Custody | Tagged allocation of parental responsibilities co-parenting divorce DuPage County family law attorneys parenting time
Divorce can be a costly endeavor - especially for the wealthy. In fact, the moderately wealthy tend to argue more than any other demographic group during divorce. Yet, interestingly enough, the extremely wealthy tend to divorce more amicably. Why is this and how can you protect your wealth, regardless of your marriage’s net worth? The following information explains.
Posted in Property Division | Tagged asset division divorce high asset divorce Illinois divorce Wheaton divorce lawyers
Divorce is extremely common in the United States. In fact, an estimated 40 to 50 percent of all first marriages end this way. Perhaps even more common is divorce among entrepreneurs, who often sacrifice time with their families to spend countless hours building their businesses. Sadly, many learn that their spouse is entitled to far more of the company than they predicted, and some have even lost their businesses because of divorce. Thankfully, there are strategies that entrepreneurs can use to protect a business in a divorce. Learn more about them in the following sections, and discover how …
Posted in Property Division | Tagged business division business marital property divorce divorce and business Illinois divorce lawyers
College tuition prices currently range between almost $10,000 and nearly $36,000 per year, depending on whether a student attends private or public college, and an in-state university or one that is outside their state of residence. Those figures, which have been increasing at an alarming rate over the last decade, are expected to rise even further over the next several years, which is why so many parents have college savings accounts for their children.
Posted in Divorce | Tagged 529 savings account college contribution payments college expenses Illinois divorce attorneys paying for college tuition
Divorce is a complex legal process with many potential financial pitfalls. This may be especially true if there is a retirement account, such as a 401K to divide. Laws and rules of the plan must be adhered to carefully or the parties stand to lose far more than just their future financial security. There is also the risk of severe penalties and extreme financial loss as early as the finalization of one’s divorce. Thankfully, it is possible to mitigate (and potentially even avoid) such issues. Learn more in the following sections, including how the assistance of a seasoned, competent divorce…
Posted in Property Division | Tagged 401K dividing retirement accounts division of retirement benefits DuPage County divorce lawyer pension plan
Alimony, otherwise known as spousal maintenance, is not routinely awarded in Illinois. However, it is an element in some divorce cases. Learn how determinations regarding alimony are made, including how long you can expect to receive payments, and discover how a seasoned divorce lawyer can help you pursue the most favorable outcome in your case.
Posted in Spousal Maintenance | Tagged alimony alimony in Illinois DuPage County maintenance and alimony attorneys spousal maintenance spousal maintenance award
Divorce can be a massive undertaking that has lasting emotional and financial implications for all involved parties. Divorce planning - a process in which parties plan for a divorce before they file - can help to mitigate many of the potential issues. Learn more about how it can help to improve your financial future and discover how a seasoned divorce lawyer can protect your interests and assist you with the process.
Posted in Divorce | Tagged divorce divorce and finances divorce planning money and divorce Wheaton divorce attorneys
When parents go through a divorce, they must determine how to divide the cost and responsibilities associated with raising their child(ren). Child support is sometimes awarded to the parent with the most time with the child, but even still, there may be added expenses not covered by the supporting parent’s legal child support obligation. Learn how you can determine who should cover child-related expenses after your Illinois divorce, and discover how a seasoned family law attorney can assist you with the entire process.
Posted in Child Support | Tagged child expenses child support children and divorce divorce Wheaton divorce lawyers
Divorce can negatively impact almost anyone, but women are more prone to experiencing nasty financial surprises during the dissolution of their marriage. Much of this is because women often abdicate financial responsibilities to their spouses, so they are unaware of what they own and unprepared for the division of assets. Thankfully, there is a way to remedy the situation. Learn more in the following sections, including how a seasoned Illinois divorce lawyer can protect your interests and increase the chances that you will have a healthy financial future.
Posted in Divorce | Tagged asset hiding in divorce divorce and finances divorce and money Wheaton divorce lawyers women and divorce
Divorce may end a marriage, but it does not end the co-parenting relationship between a couple. In fact, children of divorce tend to fare best when both of their parents work together to protect the child’s best interests - and not just immediately after the divorce, but also as the child grows and their needs change. Back-to-school season is a good time to reexamine a child’s situation and consider if changes to the parenting plan may be in order. Learn more in the following sections, and discover how a seasoned, competent family law attorney can assist you with the process.
Posted in Family Law | Tagged best interest of the child parenting plan modification parenting plans parenting time Wheaton parenting time lawyers
If you signed a prenuptial agreement before the start of your marriage, you are among the small percentage of couples that decided to “insure” your assets against the devastating effects of a nasty divorce. However, a new tax law may now require you to reexamine (and potentially make changes to) your current agreement. Learn more in the following sections, including how our seasoned divorce lawyers can assist you with the process.
Posted in Prenuptial and Postnuptial Agreements | Tagged alimony modify prenuptial agreement prenuptial agreement prenuptial agreement modification Wheaton prenuptial agreement lawyers
Cryptocurrencies were introduced in 2009, which means they are just now starting to show up in divorce courts. Sadly, the law is finding that there are numerous complications when attempting to divide cryptocurrencies in an Illinois divorce. Painstakingly difficult to trace and highly volatile when it comes to value, cryptocurrencies are making for some highly contentious cases. Learn more about them in the following sections, and discover how a seasoned divorce attorney can help improve the overall outcome in your case.
Posted in Property Division | Tagged asset division cryptocurrencies cryptocurrency in divorce divorce Wheaton divorce lawyers