Joliet Family Law Blog

A high-asset divorce for the record books

On behalf of Reich, Jumbeck & Stole, L.L.P. posted in high-asset divorce on Friday, April 19, 2019.

Superlatives are thrown around a lot these days. But it is nonetheless noteworthy when the “world’s richest person” gets a divorce. We’re talking, of course, about Jeff Bezos, the founder of Amazon who is worth an estimated $110 billion. He will remain the world’s richest person even after his divorce settlement, the terms of which were recently announced.

Although none of us are likely to achieve anywhere near this level of success, there are several important things we can learn from studying the Bezos’ divorce. The first is that even the highest-asset divorce case can be resolved amicably.

Tips for raising children after divorcing

On behalf of Reich, Jumbeck & Stole, L.L.P. posted in child custody/allocation of parental responsibilities on Monday, April 15, 2019.

Children need their parents to provide financial and emotional support regardless of whether they are married or not. Illinois parents should be sure that they remember to always put their child's needs first regardless of how well they get along with each other. Parents should also make sure to always put up a unified front when it comes to how they will raise their sons and daughters. This means that the rules should be the same regardless of which house the child is at.

A child should never be put in the middle of an argument between the parents. Disputes should either be resolved in private or with the help of a mediator. Online tools are available to help parents who may have no other way of communicating without sparking some sort of conflict.

Does the other parent have to pay college tuition in a divorce?

On behalf of Reich, Jumbeck & Stole, L.L.P. posted in divorce on Wednesday, March 27, 2019.

There is a lot to deal with during a divorce. You likely are experiencing emotions like sadness, anger and maybe even some relief. When you have children, you are also trying to manage all your children's feelings. You want to protect your children of course, but there are only some many things you can protect them from in a divorce. No matter what, your children will no longer have two parents that live together.On top of that, you are also dividing all your shared property which may include a house, vehicles, savings accounts and retirement funds. If your children are younger, you may not have even thought about who will pay for the children's college tuition. However, before you finalize your divorce agreement, you may want to include an agreement regarding college expenses. Here is what you need to know about Illinois law regarding this issue.