In the state of Illinois, a number of personal details about your life and marriage may influence spousal support amounts. Learning what factors into this decision can help you determine if the final amount you pay is appropriate. Earnings According to FindLaw,...
Year: 2020
What are reasons to take a lump sum spousal payment?
You might not realize that you have another option for receiving your spousal support other than periodic alimony payments. If you have concerns that you might have problems receiving your alimony over time, you might instead look into getting all of your alimony in a...
How your former spouse moving in with someone new affects custody
Moving in with a new partner and to a new place are very common causes of custody changes. You may wonder how your former spouse moving in with someone new affects child custody arrangements. Depending on if this major life change occurs close to the time of the...
Getting a business valuation for your divorce settlement
If your Illinois divorce involves one or more business interests, tension and animosity may overtake an otherwise amicable split. Among the points of contention are questions surrounding whether the entity is marital property and its value. We often help negotiate...
What compensation factors affect my divorce?
Like most states, Illinois relies on equitable distribution for property division. While it does not call for a mandatory 50/50 split of assets and debts, there are instances when this might happen. However, how you and your partner receive compensation from your...
QDROs and 401Ks in a divorce
For many people, the years put into saving for retirement make the thought of losing a large chunk of that savings almost unbearable. Unfortunately, some spouses must split their 401K accounts when they get divorced. In standard cases, when a person withdraws money...
Divorce and adult children
It's almost a cliché that many unhappily married couples stay together "for the children." Many parents are afraid that the divorce of their parents will be traumatic for the kids. So they grit their teeth and promise themselves they will end their marriage once the...
Divorcing? Make sure you get your fair share
You and your spouse both have a lot to lose in your divorce. You've been together for 15 years and you've built a life together. It's safe to say that neither of you are going to be in the same financial position when you separate, but you want to make sure that you...
Gray divorce doesn’t have to ruin retirement
You spent your working years saving for retirement, and you do not want anything to compromise those years of hard work. So, does that mean you have to stay in an unhappy marriage just to preserve your finances? Luckily, no. While you will face a few additional...
What do you do if your co-parent won’t communicate?
You and your ex-spouse are cordial with one another, but once you moved out, you found that it was very difficult to keep the lines of communication open. They would answer you if you wanted to drop off or pick up your child, but they'd ignore questions or concerns...