When determining child support, the state follows a specific set of guidelines outlined in the Illinois Marriage and Dissolution of Marriage Act. These guidelines ensure that children receive adequate financial support. While there is not a fixed minimum child support...
Divorce later in life, commonly called a gray divorce, raises important financial questions, especially about retirement savings. If you're going through a divorce and nearing retirement age, you might worry about its impact on your financial future. The division of...
Going through a custody battle in Illinois can be a challenging and emotionally draining experience. It is important to stay positive and focused during this time, not only for your own well-being but also for your child's. Maintaining a positive outlook can help you...
Prenuptial agreements can be a practical tool for couples looking to safeguard their future business interests. A well-crafted prenup can help prevent potential conflicts by clearly defining what happens to business assets in case of a divorce. Identifying business...
Going through a divorce can be a significant life change, and it brings a wave of emotions that many people aren’t prepared for. If you're experiencing this, it's important to recognize these feelings as normal parts of healing. Understanding the stages of grief can...
Divorce is a difficult experience for everyone involved, especially children. Even if the divorce itself was amicable, the changes it brings can be stressful and confusing for kids. While some children adjust quickly, others may struggle to cope. You should be aware...
Spousal maintenance, once called alimony, plays a crucial role in divorce settlements. Understanding the tax implications of receiving or paying maintenance in Illinois is important for financial planning. Tax implications for the payer If you are paying spousal...
Custody evaluations play a vital role in child custody cases in Illinois. They help the court decide what is best for the child. An evaluator may be a licensed mental health professional, a psychologist or a social worker. They can also be a psychiatrist with...
Gray divorce refers to a divorce between older couples, usually those aged 50 and above. These divorces need special attention due to special, age-related considerations. Financial complexities Gray divorces often involve dividing retirement accounts like pensions and...
Divorce can be a challenging process, and protecting digital assets is an important part of it. Digital assets include online bank accounts, social media profiles, emails, digital photos and cryptocurrencies. Change all passwords According to the CDC, the divorce rate...
