Divorce can create a lot of problems for business owners. If you have put your assets into a business and they are subject to division during divorce proceedings, it could jeopardize everything that you have worked hard to achieve. There are a few things that business...
Determining who keeps the family home after divorce is often a financially, legally and emotionally complex process, especially when a couple shares young children. During an uncontested divorce, spouses may be able to negotiate an agreement. However, if spouses...
When a couple getting divorced relied on one high-income breadwinner, it is often a priority for the other spouse to receive enough marital property to maintain the lifestyle they enjoyed during the marriage. Alternatively, spousal maintenance can help a divorced...
Though permanent spousal maintenance is rare in Chicago-area divorces, it does happen. Spousal maintenance, commonly known as alimony, is meant to provide financial support to one spouse. The purpose is to give the spouse time to develop the job skills necessary to be...
As in other states, Illinois law now uses the term “parenting time” in lieu of “physical custody”. This reflects the fact that family courts prioritize the best interests of the child when determining whether he or she lives with one parent or alternates between...
When you and your spouse are unable to come to an agreement about parenting time and parenting responsibility, you may ask Illinois' family court system to make such decisions for you. When tasked with doing so, the court system typically refers to the same set of...
When you are facing divorce, especially if you are a parent, you may worry about how your split will impact you financially. Often, women facing divorce are surprised when they realize they end up with fewer assets than they thought or spousal support that ends sooner...
When the Illinois Tollway began offering drivers a way to pay their tolls electronically, few drivers thought that the new system might impact their case if they ever got a divorce. But thanks to an unusual legal loophole, your ex might be able to find out information...
If you decide to file for divorce, now is the time to think about items to gather before you start the process. Make a list of everything you will need in terms of paperwork, but also include outcomes you would like to see during the divorce and after it is final....
Raising children is much more than a full-time job. Their needs dictate the day-to-day goings-on in a household for 18 years, sometimes longer. It is a responsibility that takes up much of the space in a parent’s life. When those children leave home, it creates a...
