Family Lawyers Who Mean Business

Gifts vs. Loans in Divorce

Many married couples receive financial assistance or assets from their family members. If the parties file for divorce, how should these assets be classified and divided by the court? Illinois excludes property acquired by gift from a third party from the marital estate, because these gifts are not earned by the efforts of marital partnership….

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Divorce considerations for professionals in Illinois

Illinois couples have to cope with a number of difficult and potentially contentious issues during a divorce, but professional couples have even more to consider. Matters such as alimony, child custody and property division often lead to vigorous and emotionally charged discussions, but doctors, lawyers, architects and accountants must also determine the value of a…

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Joint simplified, contested and uncontested divorce

Illinois residents who are contemplating divorce may be unaware that there are different types of divorce. Divorces may be contested, uncontested or joint simplified, which expedites the divorce process but has more stringent parameters. A joint simplified divorce is one in which both parties agree to the divorce when a marriage that has lasted less…

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After divorce, some family-run businesses thrive

Any Chicago couple that has gone through divorce knows that property division is a major factor. Unraveling your intertwined lives to decide who gets what, however, is rarely easy — especially when you have a family business at stake. Millions of married couples in this country operate small businesses, but if their relationship sours, they…

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It’s okay for divorcing parents make mistakes

Parents in Illinois who are going through a divorce might be worried about their children and how they are going to cope with them splitting up. Anxieties might dominate their thoughts on a daily basis. It might be difficult for some parents to keep their children’s needs front and center while still trying to balance…

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Finding common ground in divorce situations

It is extremely common for divorcing couples to find themselves embroiled in bitter battles over perceived injustices in the divorce settlement. The fact that these couples usually already hold some deep-seated contempt for each other only adds to the conflict that naturally occurs in such circumstances. Many times people find it difficult to approach a…

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Co-parenting strategies may help ease family law negotiations

Whether it’s called co-parenting, joint parenting or shared parenting, learning to cooperate with an ex-spouse to raise children has benefits for all involved, not just the children. For many Illinois parents who have recently gone through a divorce, this approach to post-divorce relationships goes far beyond child custody issues and visitation guidelines. Learning to co-parent…

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Whether to file bankruptcy or divorce first

When a couple is considering divorce, financial issues are often considered. A couple may not be sure whether they should file for divorce first or for bankruptcy, since both involve the court system. However, if the couple works together, they can make decisions that will help both of them deal with the financial issues that…

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The possible end of alimony

Illinois couples might be interested to hear that alimony as we know it may be coming to an end. Alimony is simply a court order that one spouse has to pay his or her ex after their divorce. Traditionally, those payments were for life. However, now many states are contemplating doing away with the provision…

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Who gets possession of air mile rewards after divorce?

Arriving at a divorce settlement agreement can be a difficult process. Navigating the tricky issues of jointly-owned homes, stocks, bonds and cash is hard enough by itself. When added to the division of invaluable items such as art collections and antiques, the process can become very difficult. Illinois couples reaching a property division compromise that…

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Tips on the process of divorce litigation

In Chicago and elsewhere, collaborative divorce and mediation are growing in popularity. If spouses can negotiate their divorces amicably and come to a mutual agreement, then collaborative divorce and mediation are a reasonable option. However, there are situations in which divorce litigation is a preferred choice. There are some things to keep in mind when…

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NASCAR chairman divorce documents unsealed

Chicago’s NASCAR fans may be interested to know that on May 8, a judge unsealed divorce records in the case of NASCAR chairman Brian France. Documents revealed that as of Sept. 2005, France had an estate valued at more than $554 million. His income from NASCAR was $8.7 million in 2004. In addition, France was…

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How credit card debt affects divorce

Finding out that a spouse has run up credit card debt is a difficult discovery. However, this discovery may hurt even more when spouses are going through the divorce process. Each state has its own rules regarding debt division, including equitable division and community property division. Illinois is an equitable division state. In community property…

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Handling the challenges of co-parenting after a divorce

For any Illinois resident, a divorce can be a challenging experience, especially when children are involved. As parents usually look for ways to minimize the impact of a divorce on their kids and work together to help the children cope, following a few suggestions can make the process easier for everyone involved. First, the parents…

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New trend of alimony being paid by women

According to the Pew Research Center, wives make more than their husbands in approximately one third of marriages. This means that it is not a stretch to assume that around a third of divorces involve a woman in Illinois making more than her husband, which means it is the woman that would be responsible for…

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