On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, September 28, 2012. Regardless of wealth, or the lack thereof, divorcing couples must agree to an equitable property division. Yet, at times, marital assets become difficult to divide fairly. They need some extra attention. Whether in Chicago, Los Angeles or the smallest town in Iowa, everyone can learn from the well-publicized case of the co-owners of the Los Angeles Dodgers and the impending divorce of the spousal co-owners of the Philadelphia Eagles. While most of us have more modest assets, theirContinue reading
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Should abusers receive spousal support?
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, August 31, 2012. Legislators in one state recently passed a new bill that prohibits spousal abuse victims from being forced to pay alimony to their abuser. Those marital partners who were abused would no longer face making spousal support payments to convicted abusers under the new regulation. Many Chicago victims of spousal abuse would likely hope that similar legal protection be provided to all in the future. A 39-year-old California successful financial planner and mother of two children wasContinue reading
Divorce as a career booster or career killer
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, July 27, 2012. Did you know that a painful divorce can accelerate your career? Are you aware that a contentious divorce can also prove to be a career killer? Family law attorneys and mediators in Chicago agree that either result may occur. Compounding the stress and trauma of a painful divorce, employers are often subpoenaed for records, interrogatories, depositions, or trial appearances. When this happens, you might helplessly watch your chances for promotion slipping away, along with your formerly advancingContinue reading
Increased financial and emotional pain with second divorces
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, July 20, 2012. Divorced residents of Chicago likely understand how traumatic the process can be. Contrary to the assumptions of those who’ve avoided the process, a second divorce is not any easier on the participants. There is evidence that the financial and emotional pain actually increases. Unless you adopt the approach of many celebrities, “keep doing it until you get it right,” the pain of your first divorce doesn’t serve as an aid should you face a second one. There are understandableContinue reading
Divorcing parents might consider the collaborative approach
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, July 13, 2012. To many throughout the Chicago area, the first thought when the word divorce is uttered is that it is a long, acrimonious process. There is of course good reason for this assumption-for many it is the way the divorce unfolds. Of course, this is not the way it has to be. More and more today divorcing couples are choosing the route of collaborative divorce. Collaborative divorce is the process of ending a marriage in a manner thatContinue reading