After agreeing to the terms decided upon between you and your spouse, you signed divorce papers, but as time goes by, life and circumstances change. The change may have affected your financial situation, leading you to believe you need more money to keep yourself...
By now, almost all schoolchildren in the Naperville area are on summer vacation. But summer goes by fast. In a few months, school will start again, with most (if not all) students planning on back to in-person learning this fall. If you are getting divorced this...
Throughout your marriage, you and your spouse accumulate many assets, and during a divorce, you must split your valuables equitably. Retirement plans are often among people’s most valuable property. If you have savings set aside for your senior years, you should...
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...
