Following a few simple steps can enable divorcing couples to maintain friendly terms during a divorce. Friendly interactions, mutual respect, and open communication are more likely to bring about positive outcomes for divorcing spouses and their children. Friendly divorces are not the norm. For … [read more]
If an Illinois court uses a higher income than what a parent is actually earning to calculate child support payments, it is referred to as imputed income. This may happen if the divorcing spouse is able to prove to the court that the other parent is intentionally earning less than he or she could be … [read more]
If one spouse is attempting to hide assets prior to or during a divorce, the other spouse can use a legal tool known as "discovery" to prove the attempted deception and uncover the hidden assets. Assets are categorized in several different ways. Marital assets are those acquired during the … [read more]
An amicable divorce can be more confusing to children than a divorce that ends a horrible marriage that had lots of stress and ongoing arguments. If one parent is abusive or in the throws of addiction, or there is constant tension in the home, divorce makes sense to children. In an amicable divorce, … [read more]
Divorcing parents must work together to achieve effective coparenting. Regardless of the reasons adults may be getting divorced, it is not the fault of their children. However, children still suffer, often feel guilty and caught in the middle of two battling people that they love. Child custody … [read more]
The Consumer Financial Protection Bureau has issued various updates to the ‘Know Before You Owe Rule’ to make the implementation process smoother. The goal of the rule is to make sure consumers understand what they are getting into when taking out a mortgage. However, the mortgage industry had … [read more]
Every couple should sign a prenuptial agreement before saying "I do" because it can become "I don't" in the blink of an eye. And many couples do eventually end up in divorce court. Prenuptial agreements protect spouses from the potential pitfalls of divorce including disagreements over property … [read more]
A new child support law in Illinois that went into effect July 1, 2017, significantly changes the formula used to determine child support payments in divorce cases. The new law requires courts to consider both the income of divorcing parents and the amount of time each parent spends with their … [read more]
It is possible to modify a finalized child custody and payment, but the situation of one or both of the parents must be met before it can be considered. Illinois strives to ensure the safety and comfort of the child first, then to ensure that the care is not an undue burden on the parents. The … [read more]
Recent data shows that the residential real estate market in Chicago is growing at a much slower pace than are the markets in other large metropolitan areas in the U.S., presenting added considerations for people planning to sell their homes and potential opportunities for prospective buyers. The … [read more]
