You and your spouse decide to divorce, but you worry about how a judge will split your assets. Even before you married your spouse, you began a career that established a successful future pension plan. Now that you and your spouse wish to separate, you are concerned about the division of the pension agreement. Illinois […]
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Your divorce has finally been finalized. A difficult, emotional chapter of your life has just ended, and a new future is waiting for you and your child. Be careful when making plans, though. Unless you’ve been awarded sole legal and physical custody, there is a good chance that moving out of Illinois with your child […]
Parents in Illinois and elsewhere may ask for sole physical custody of their children after a divorce. This means that the child will live with one parent more than half of the time. One of the benefits of this arrangement is that it minimizes the potential interruption to a child’s life. As a general rule, […]
Illinois couples who are getting a divorce may be concerned about the state of their financial affairs. However, they can begin to take control of their lives by being proactive and getting a handle on their liabilities, income, expenses and assets. The different types of financial assets individuals can have may include checking accounts, certificates […]
When people decide to divorce later in life, they may have particular concerns about their financial future. One of the most significant aspects of “gray divorce” can be the distribution of retirement funds. These distributions are increasingly common, especially as the divorce rate for people over 50 has more than doubled over the past two […]
Millennials are breaking the mold in several ways from former generations, so it’s not a surprise that more millennials are marrying a partner later in life. However, with later marriages comes the rise of prenuptial agreements, a legal document that outlines how a couple will divide their assets in a divorce. A recent survey noted […]
How married couples act when it comes to money can impact many things. It could affect how likely a marriage is to last. Money problems are a common divorce cause. Certain financial behaviors can greatly increase tension within a marriage. This includes: Overspending or underspending –People can come into a marriage with very different spending […]
The New IMDMA: Can I Relocate Once my Allocation Judgment is Entered? The revised Illinois Marriage and Dissolution of Marriage Act (IMDMA) becomes effective on January 1, 2016. One of the major changes to the act centers on whether a party can relocate and what steps they must take. A full outline of the new […]
