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Controversial real estate lenders use questionable deals to prey on homeowners in Chicago. The dream of homeownership is an exciting prospect, and something many work hard over their lives to achieve. Unscrupulous investors seeking to prey on those facing hardships can quickly jeopardize Illinoisans’ homes and financial security.
Alimony is awarded in Chicago or Des Plaines when one spouse requests it and can prove need, and the other spouse is capable of paying. For example, an income disparity can show a need for financial support if the lower-earning spouse would struggle after the divorce. Financial dependence, disability, parenting responsibilities, the standard of living during the marriage, and sacrifices one spouse made for the marriage can all contribute to need. Other ways for alimony to occur include a prenuptial agreement and when the spouses agree on it between themselves and get court approval.
One question that frequently arises during divorce in Chicago is, "What is alimony?" Alimony, also called spousal maintenance, is a court-ordered payment made by one spouse to the other after a divorce. It's intended to help maintain the accustomed standard of living.
Child custody agreements can lay the foundation for children to thrive under the support of both parents. The parents often share parenting time and decision-making in Illinois. Sometimes, though, one parent makes most or all of the major decisions, or has most of the time with the children.
What to bring to a divorce consultation should include financial documents, such as both spouses’ proof of income, recent tax returns, bank statements, and credit card statements. It is also helpful to bring a list of questions, particularly about any nuances your case might involve, such as a family-owned business. Being prepared can ensure your attorneys have the details to give you the most accurate information possible.
Finding hidden assets in divorce often involves your own research and professional expertise, such as that of a forensic accountant. Often, the first step involves one spouse noticing changes in spending patterns or even looking at tax returns and inadvertently discovering previously unknown sources of income.
Whether divorce mediation vs. arbitration in Chicago is better for you depends on the level of conflict, the amount of control you want over the outcome, and the degree of finality you desire. Mediation could be a good path if you can communicate reasonably well and cooperatively with your spouse.
One of the first steps in creating an Illinois parenting plan for Chicago or Des Plaines is to gather relevant information about your children, such as their school schedules, extracurricular activities, and other needs. This information helps you, your lawyer, and your ex create a plan that is in the children’s best interests.
The right of first refusal (ROFR) in real estate is common with a renter, lessee, family member, company, or other party who has priority over other parties to buy a property. The right of first refusal clause in contracts outlines that holders have the right, but not the obligation, to get involved in buying the property.