Illinois family courts are using a new "income shares" formula to determine the amount of child support a noncustodial parent pays to a custodial parent. Under the new law, which went into effect July 1, both parents' incomes will be considered when calculating the...
You and your ex-spouse may have been doing very well with the child custody agreement that has been in place since your divorce. But life throws curve balls every so often, and a circumstance may have developed that necessitates a change in your agreement.You may be...
The last thing you and your spouse wanted was a bitter divorce. It was important to both of you to keep rancor out of the process for the sake of your children especially. But to your consternation, the kids are bewildered by the breakup. It does not make sense to...
Money might be the number one reason that couples divorce, but social media also contributes to many breakups. Social media activity can also impact your divorce proceedings, especially in situations where the finances are complex and there is a lot of...
Divorce rates have consistently hovered around the 50 percent mark for some time, and with its increased acceptance has come some insight into behaviors that can effectively minimize the stress. According to The Huffington Post, the most commonly cited reason for a...
The arrangements that follow divorce can be contentious and stressful to negotiate, but it does not have to be that way. If both parents commit to being mature, flexible and compassionate, creating a visitation schedule that works for everybody is entirely possible....
When it comes to divorce, one of the most contentious aspects is determining the fair division of assets. If one or both partners has a retirement plan established, it can be tricky to agree on a division for the account. The value of such a plan will vary, but if it...
Attempting to recover child support payments can feel like a two-way battle. Not only is the parent of your child shirking their responsibility, you now have to work harder to make ends meet for you and your child. Although child support is administered at the state...
Many people think that prenups are only for the rich and famous. Though celebrities may have more at stake, a prenuptial agreement is a wise move for any couple preparing to get married. There are several reasons every person should sign an agreement prior to...
The tax consequences of divorce are not usually top of mind for individuals as they begin the legal process of ending a marriage. Financial concerns are considered, but more so in terms of the costs of splitting one household into two. It becomes apparent at some...