Posted on April 09, 2018 in Property Division

Although we often do not consider it as such, a divorce is the end of a financial relationship just as much it is a romantic relationship. When a couple gets married, they combine not only their personal lives but also their finances. When a married couple divorces, courts must decide how to divide the property, assets, and debt which the married couple owns. The courts must also consider whether either spouse should be ordered to pay child support or spousal maintenance (formerly called alimony) to the other. In order to make these decisions, courts rely on both parties’ complete honesty and transparency regarding their financial situations. When one or both spouses are not honest regarding their finances during a divorce, there can be serious consequences which significantly complicate the divorce process.

How Do Spouses Misrepresent Their Financial Status?

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 Posted on April 06, 2018 in Property Division

Divorce among the baby boomer generation is more common now than ever before. According to the National Center for Family and Marriage Research, divorces among married couples 50 and over doubled from 1990 to 2014. Over the same period, divorces among couples 65 and older tripled. Divorce among older couples has unique challenges. One important issue that older divorcees face is divvying up retirement accounts. Older Americans have a smaller window to earn after they divorce, so retirement accounts are a commonly fought over topic.

How Are Retirement Investments Divided?

Regardless of who saved more, retirement accounts are often split evenly, or close to it, when a couple divorces. Attorneys say that in a large majority of divorce cases, retirement accounts are considered marital property, and funds that were saved up to support one household must be divided to support two individuals. “There are a number of people who say ‘I have socked away every month and I do not see why I have to divide it with my spouse,” says Joslin Davis, former president of the American Academy of Matrimonial Lawyers. “The law says ‘too bad.’”

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 Posted on April 02, 2018 in Spousal Maintenance

If you are divorced and receiving maintenance payments from your ex-spouse, you may have come to rely on that money. Maintenance, also known as alimony or spousal support, is intended to help a financially disadvantaged spouse in the years that follow a divorce, so such reliance is rather understandable. There are, however, a few situations in which your actions could cause maintenance payments to end. It is important to understand the law in Illinois so that you can make the best decisions for your future.

Ending Support Obligations

Permanent maintenance—in other words, support for the rest of a spouse’s life—is generally reserved for divorces between spouses who have been married for 20 years or more. For shorter marriages, the court will usually set a specific amount of time for maintenance payments to last. Both situations presume that the court has identified the need for maintenance. When a support order includes an intended end date, payments must continue until that date unless the recipient remarries or either spouse passes away. (It is possible for a divorce settlement to include security provisions in the event of the paying spouse’s death, but that is a topic for another day.) The third situation that could terminate a spouse’s obligation to pay maintenance is if the recipient spouse moves in with a new romantic partner.  

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 Posted on March 19, 2018 in Spousal Maintenance

Divorce is a different experience for everyone who goes through it. The particulars of how a marriage ends can be based on many factors including the financial situation of each spouse, the length of the marriage, if children are involved, and more. If you are planning to get divorced and you are the primary breadwinner of the couple, there are some special considerations that you should take note of.

Spousal Maintenance

Spousal maintenance, also called spousal support or alimony, refers to the payments that the higher-earning spouse pays to the lower-earning spouse after a divorce. Spousal maintenance in Illinois is determined on a case-by-case scenario for couples who have a large discrepancy in either income or life circumstances. If you make significantly more money than your soon-to-be-ex-spouse or they have been out of the workforce for a while, you might have to pay spousal maintenance. The amount the payments will be determined by the length and standard of living of the marriage, the spouses’ income and property, the present and future earning capacity of each spouse, and more. Maintenance payments can be temporary or permanent, but are not required after the person receiving maintenance remarries. 

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 Posted on March 15, 2018 in Parental Relocation

In today’s world, it is not uncommon for a person to seek a fresh start by moving to a new city—sometimes even across the country. This may be particularly appealing after a divorce, as a new beginning may be cathartic in many ways. While the average American has the freedom to move wherever he or she wants at any time, such is not always the case for a divorced parent who shares parenting time of a child with a former spouse.

Rules for Relocating

The state of Illinois has established laws designed to help keep both parents active in the life of their child, even after a divorce. Regarding moving to a new city or state, Illinois law is clear. A parent with at least half of the parenting time of a child may only move with the child within a certain radius of his or her current home before the move is considered a “relocation.” A relocation requires the consent of the other parent or the approval of the court.

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 Posted on March 09, 2018 in Divorce

If you are a parent of young children and you are getting divorced, you will undoubtedly have questions about how your divorce will affect your kids. While most children are eventually able to adapt to their parents’ post-divorce reality, it can be incredibly difficult to break the news to them. Talking about divorce is not easy, especially with children whose entire world is about to change, but experts offer some useful tips that can help you know what to say.

School Aged-Children Know More Than You Realize

If your children are between the ages of about 4 and 8, he or she probably knows other children whose parents are divorced, especially if your children go to school—including preschool. Your children may understand that not all families have both parents living in the same house, but their concerns are likely to revolve around how your decision will affect their lives directly. They may wonder if they will have to move or change schools, and when they will get to see each parent. You may not have the answers to these questions immediately, but that does not mean you should avoid telling your children what is about to happen.

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 Posted on March 06, 2018 in Divorce

If you and your spouse are considering or have decided to end your marriage through divorce, one of the questions you have probably asked yourself is, “How should I tell everyone?” While divorce is fairly common present day, many people still fear the judgement or disappointment divorce can bring. While there is no prefect way to tell others that your marriage is ending, experts do have some advice for making the conversations go as smoothly as possible.

You Do Not Owe Anyone an Explanation

Oftentimes, when a person tells friends and family the news of a divorce, the recipients of this information demand details. This can be very difficult for many people going through a divorce to deal with. You have the right to share or not share personal information about the divorce at your own pace. If people in your life are asking you to share more information than you are comfortable doing, simply say something along the lines of “I am not ready to talk about this yet, but thank you for your concern.”

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 Posted on March 01, 2018 in Family Law

Every day, hopeful men and women take a pregnancy test only to find out that they are still childless. Sometimes, infertility can be caused by an injury or genetics, and other times, a couple simply has trouble conceiving. Individuals may wish to have a child but, for a myriad of reasons, are not able to carry the child themselves. In these cases, many people turn to surrogacy to create the family of their dreams.

What Is Required of the Surrogate Mother and Intended Parents?

The state of Illinois passed The Illinois Gestational Surrogacy Act (IGSA) in 2005 in order to clarify the rights of both the future parents and the surrogate mother. It is important to note that this act only applies to instances where the surrogate mother is not also donating her reproductive egg cells in order to conceive the child. In order to benefit from the legal protections contained in the IGSA, intended mothers should either provide the egg cells themselves, of if this is not possible, find an egg donor separate from the surrogate mother.

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 Posted on February 16, 2018 in Spousal Maintenance

When a couple gets divorced in Illinois, maintenance is not guaranteed for either spouse. Also known as alimony or spousal support, maintenance is only ordered by the court if such payments are found to be necessary and appropriate. In some cases, a divorcing couple will agree to maintenance terms on their own, and the court will typically approve these agreements as long as they are reasonable. When left up to the court, however, there must be a demonstrable need on the part of one spouse.

When determining whether award maintenance, the court must take into account more than a dozen factors, including each spouse’s age, health, income, earning potential, the length of the marriage, and the standard of living created during the union. Many of these factors address each spouse’s current situation, but according to the Illinois Marriage and Dissolution of Marriage Act (IMDMA), there two specific considerations that deal with contributions and sacrifices made by a spouse in a supporting role as the primary homemaker or child-raiser.

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 Posted on February 15, 2018 in Prenuptial and Postnuptial Agreements

Prenuptial agreements have gotten a bad rap for many years. Many hold the false belief that prenuptial agreements are only for celebrities or couples who do not believe in the longevity of their marriage. The reality is that a prenuptial agreement is a valuable legal tool as well as a great way to plan for a couple’s future. Prenups are not only a valuable tool if a marriage ends or one of the spouses passes away, but are also a good way to hammer out the details of how finances will be managed within the marriage.

Prenuptial Agreements Especially Popular with Younger Crowd

A survey conducted by the American Academy of Matrimonial Lawyers suggests that the younger generation of married couples may be more likely to use prenuptial agreements than the older generations. In fact, of the total attorneys surveyed, 51 percent reported an increase in the amount of millennials requesting prenups within the last three years.

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