Posted on April 12, 2022 in Family Law

If you have been through a divorce and have children, you may be the recipient of child support payments, or you may be the one making the payments. The initial payment arrangement is either agreed to during the divorce process or through a court order by a judge ruling on the issue. It is based on certain factors, including the combined income of the two parents, how many children are being supported, and local cost of living charts. However, the courts recognize that living situations can change post-divorce. Child support modifications are available for many changes in post-divorce circumstances, and employment status is one such circumstance.

If the parent making the payments loses their job, they can request a temporary reduction through the court in the amount they have to pay. Either parent can petition the court for a child support modification to change the original order. If the job loss was due to being laid off, being fired, or if they are unable to work due to factors outside of their control, the court is more likely to grant a modification request. However,  if the child support payor voluntarily left their job and has not been making a concerted effort to regain employment, or willingly took a substantial pay cut, the court may deny the request. It is important to attempt to keep making the payments previously ordered by the court in the divorce case until the modification has been approved by a new court order.

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 Posted on March 24, 2022 in Family Law

Fathers who are involved in family law court cases usually want to make sure their parental rights will be protected. When a married couple with children gets divorced, both parents will usually have the right to share custody (now known as “parental responsibilities” in Illinois) of their children. However, if a child’s parents are unmarried, the father likely may first need to establish paternity before he will have any legal child custody rights. By understanding when it may be necessary to establish paternity and the rights that will apply to parents and children in paternity cases, fathers can make sure they take the correct legal steps that will allow them to maintain close, ongoing relationships with their children.

Establishing Legal Paternity in Illinois

If a mother is married when her child is born, by law her spouse is presumed to be the  parent of the child. However, if the mother is not married, she and the father may need to take steps to ensure that the father will be recognized as the child’s parent. Even if both parents agree that a man is the child’s father, a failure to legally establish paternity may result in disputes in the future if the parents disagree about how they will share custody, or about other subjects. Without legal rights toward the child, the father may be unable to participate in raising the child or spend regular time with them.

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 Posted on March 10, 2022 in Spousal Support

While a spousal maintenance award will not be made in every divorce case, such an award may be appropriate in cases where one party will require financial support in order to maintain their standard of living. For example, if one spouse is a stay-at-home parent, they may ask for their ex-spouse to provide them with ongoing support payments to ensure that they will be able to meet their financial needs as well as maintain a residence where they can continue to provide care for their children at home during the day. While arrangements for spousal support may address a person’s needs as they move forward following their divorce, the circumstances of both parties may change in the future. If these changes would affect a person’s ability to continue making maintenance payments, or if the recipient of support will no longer need financial assistance, post-divorce modification of a spousal maintenance order may be necessary.

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 Posted on February 25, 2022 in Divorce

Over the past several years, more and more people have begun to invest in virtual currencies, which are also commonly known as cryptocurrencies. Bitcoin, Ethereum, and a multitude of other cryptocurrencies may be bought, sold, and transferred, and since these transactions take place online, they can sometimes be hard to track. Since virtual currencies can be valuable, they may need to be considered in a divorce case. In some cases, spouses have attempted to use cryptocurrency to hide money from their partners and avoid dividing these assets during the divorce process. 

Addressing Cryptocurrency When Dividing Marital Property

When a couple gets divorced, they will need to divide all of their marital property. This includes any assets that either spouse acquired during the couple’s marriage. Cryptocurrency purchased by one spouse during the marriage will usually be considered marital property, unless that spouse used only their separately-owned assets to make these types of purchases. Any increase in value of virtual currencies will also be considered marital property, and in some cases, these assets may be worth tens of thousands, or even hundreds of thousands of dollars.

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 Posted on February 18, 2022 in Family Law

When a child’s parents split up, family law courts which address issues related to child custody will be looking to protect the child’s best interests. In addition to making decisions about where a child will primarily live, how involved each parent will be in raising the child, and when the child will spend time with each parent, the court will also ensure that the child’s financial needs will be properly addressed. Child support obligations will apply to both parents, and these obligations will be determined based on the amounts of income the parents earn. The parents may also be required to divide certain child-related expenses, such as the costs of daycare, medical treatment and extracurricular activities. However, the parents’ income may change in the years after the court makes its decision, and in such situations, it is important to understand when and how child support may be modified according to Illinois law.

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 Posted on January 24, 2022 in Asset Division

A divorce case will involve a number of different types of financial issues. Depending on the complexity of a couple’s finances and the marital and separate assets they own, determining how to divide marital property can be a complicated process. Retirement accounts are one type of property that may need to be addressed during the divorce process, and couples will need to make sure they understand the issues that may affect how these accounts will be divided.

Division of 401(k) Accounts, IRAs, and Pensions

Retirement savings accounts may be valuable assets that a person will rely on to provide for their financial needs in the future. When an account in one spouse’s name was created or contributed to during a couple’s marriage, it will usually be considered a marital asset that will need to be addressed during the divorce process. Couples may take a few different approaches when dividing these accounts, such as splitting the funds in an account equally, or allocating a certain percentage of an account to each spouse, or having each spouse keep accounts in their names while ensuring that other assets are divided in a manner that is fair and equitable.

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 Posted on January 17, 2022 in Family Law

Most people are familiar with the concept of a prenuptial agreement, or prenup. These types of agreements are signed by couples before getting married, and they may address issues related to the ownership of property and decide how certain matters will be handled if the marriage ends in divorce. What some people may not realize is that a couple can also create a similar type of agreement after they are already married. These agreements are known as postnuptial agreements, or postnups. By understanding the situations where a postnup may be beneficial, a couple can determine whether creating this type of agreement will be a good idea.

Situations Where Postnuptial Agreements Can Provide Protections for Spouses

A postnuptial agreement can address certain types of financial or property-related issues, detailing how these matters will be addressed if a couple chooses to end their marriage and pursue a divorce or legal separation. Spouses may decide how their marital property will be divided, or whether one spouse will pay spousal maintenance (a.k.a. alimony or spousal support) to the other. Some reasons why it may be a good idea to make these decisions ahead of time through a postnup include:

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 Posted on December 16, 2021 in Family Law

After getting a divorce, you may be looking for a fresh start, or you may be considering a new direction in your life. This may include plans to relocate to a new home in a different community. While this can be a beneficial change that may allow you to cut down on expenses, pursue new career opportunities, or live closer to members of your family, you will want to be aware of any legal issues that may affect your ability to move. If you share custody of your children with your ex-spouse, you will need to follow certain steps during the parental relocation process. By working with an attorney who is experienced in post-decree matters, you can make sure you meet all of your legal requirements while addressing any disputes with your ex-spouse or other issues that may arise.

The Parental Relocation Process

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 Posted on November 22, 2021 in Asset Division

A divorce will affect the finances of spouses in multiple ways. During the divorce process, spouses will need to identify all of the marital assets they own and determine how these assets will be divided. The property division process can become especially complex if either spouse owns a family business. Because a business may be one of the most valuable assets a couple owns, and it may serve as a source of income for one or both spouses, a couple will need to determine how ownership of a business will be handled going forward.

Options for Ownership of a Marital Business

A family business will be considered a marital asset if it was founded or acquired while a couple was married. If one spouse owned a business before getting married, it will usually be considered separate property. However, any increase in value for a non-marital business during a couple’s marriage may need to be addressed during the divorce process, especially if these increases may be partially attributed to efforts by the non-owner spouse or investments in the business using marital funds.

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 Posted on November 09, 2021 in Divorce

Parents who choose to get a divorce will need to address multiple issues related to their children, and the decisions they make will be set down in a parenting plan that will be incorporated into their divorce decree. These issues include the allocation of parental responsibilities, which will determine how the parents will make child-related decisions going forward, as well as the child support obligations that will apply to both parents. Parents will also need to create a parenting time schedule that details when children will spend time with each parent. By understanding the options available for dividing parenting time, parents can make sure they create a schedule that will provide for the best interests of their children.

Options for Parenting Time Schedules

The amount of time that children will spend with each parent may depend on a variety of factors, including how each parent participated in child-related duties and activities during their marriage, each parent’s work schedules and availability, children’s schedules for school and activities, the needs and desires of the parents and the children, and each parent’s ability to provide for their children’s needs. A parenting plan will include a workable schedule that fully details the days and times that children will spend with each parent, as well as how children will be transported to and from each parent’s home.

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