A divorce is a legal dissolution of marriage. An uncontested divorce is the most preferred option. The petitioner and the spouse agree not to contest the terms of the divorce. An uncontested divorce saves a lot of time and effort for both parties. A good divorce attorney can help in settling such divorce petitions quickly – without the hard feelings. An Uncontested Divorce is Less expensive Most negotiations in a divorce can become lengthy if there is any contest of the divorce terms. However, more often than not, theContinue reading
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Assets difficult to value make divorce property division tricky
Illinois couples know that putting a monetary value on all of their possessions can be difficult. When done during a divorce, this task is almost impossible. Some assets, however, can be more problematic than others due to their nature. In order to split a married couple’s assets during a divorce, everything that is marital property must be valued and divided in some way. This even split can be modified by an agreement, but generally there is no escaping the valuation stage. For stock options and restricted stock, thisContinue reading
Court requires divorced dad to pay daughter’s tuition
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, March 19, 2014. Some Illinois residents who were following a divorce settlement case in New Jersey may be interested to learn that the father’s appeal has been declined by the appellate court. This decision affirms that of the original trial court, which ruled that the father in this case would be obligated to pay $112,500 for his daughter to attend Cornell Law School. According to the terms of the original divorce agreement he signed with the mother, both parents would beContinue reading
Executive’s finances disclosed in divorce dispute
On behalf of The Walters Law Group, Ltd. posted in Child Support on Monday, March 17, 2014. Chicago residents may be familiar with Peter Orszag, the Citigroup executive who attracted media attention some years ago after his affair with a Greek shipping heiress was revealed. Orszag is presently involved in a child support dispute with his former wife whom he divorced in 2006 after nine years of marriage. She is seeking to have Orszag’s payments to their children amended in order to conform to his recent salary increases. As part of her case, sheContinue reading
ACA helps take health insurance issue out of divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Thursday, March 13, 2014. Going through the process of getting a divorce can involve many difficulties and life changes. Now, Illinois residents looking to get a divorce may have one less barrier standing in their way. Before the Affordable Care Act became effective on Jan. 1, obtaining health insurance was often tied to employment benefits. When only one spouse in a married couple was working, there was a very real fear that after a divorce, it would be difficult toContinue reading
Dealing with pets during divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, March 7, 2014. Illinois couples who have decided to call it quits may anticipate a battle ahead regarding their marital home and retirement accounts. However, they may not be prepared to fight over their dog or cat. According to a recent survey by the American Academy of Matrimonial Lawyers, 27 percent of family law professionals have reported an increase in cases involving pet disputes over the last five years. In some cases, the issue is who will have “custody” of theContinue reading
Preparing for college during divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, March 5, 2014. Illinois is a state with several prestigious universities. As such, parents who are planning to divorce may wonder how the proceedings can affect their children’s future college educations, especially where the children too young to be making college plans. There are a few helpful tips that can help divorcing parents ensure that college expenses do not become an issue when the time comes. At the outset, parents should negotiate college expenses as part of the divorce settlement regardlessContinue reading
More fathers are raising kids on their own
On behalf of The Walters Law Group, Ltd. posted in Child Custody on Friday, February 28, 2014. Many Illinois residents are taking note of a major shift in child custody laws that has led to an increase in the number of children living primarily with their fathers. Over the past 50 years, there has been a tremendous increase in the number of fathers who have pursued and been granted custody of their children. A recent Pew Research Center study of historical census and other data reveals that the percentage of households headed by singleContinue reading
Child support payments made easier in Illinois
On behalf of The Walters Law Group, Ltd. posted in Child Support on Wednesday, February 26, 2014. Chicago parents who must pay court-ordered child support may now have an easier way to get the payments in on time. Child support is not like other bills, and failure to pay can have serious legal implications and negatively affect the child’s necessities of life. A new app may help to keep track of the child’s expenses and the payments owed by the non-custodial parent. The support of a child is complex, and medical costsContinue reading
Moving from Illinois can complicate child support
On behalf of The Walters Law Group, Ltd. posted in Child Support on Monday, February 24, 2014. A person going through a divorce who plans on moving from the Chicago area afterward may run into complications when minor children are involved. Child support payments must be made regardless of the location of the parents or child. A divorced father recently testified in a Kansas City courtroom that he purposely moved out of the country to Thailand in order to evade making child support payments to the mother of his son. The manContinue reading