Getting married is one of the biggest events a person can have in his or her life. But sadly, marital happiness is something that only a lucky few enjoy. If you are heading for the divorce courts, then it is essential that you hire yourself an attorney who will make the process smooth and protect your interests in the best way possible. Well-renowned attorneys are what you need At The Walters Law Group, we are proud of having established ourselves as the attorneys who make divorce proceedings smooth andContinue reading
Category Archives: Divorce
Social Security and Divorce – Some FAQs
One question that family lawyers answer most frequently is “what happens to the social security benefits after the split?” Who can collect social security benefits? You should be at least 62 years old and married to the same person for at least a decade. You should not have remarried. Your personal benefits should be less than the ex-spouse’s benefits. You should be eligible for the benefits. You are eligible for them if your ex-spouse is remarried. If you did not work, you can receive social security benefits onContinue reading
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
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
Credit ratings and divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, February 18, 2014. Most Illinois readers understand that a good credit rating is an important financial tool and look for ways to improve it. Married couples probably wouldn’t consider divorce a good way to go about raising their scores; however, a survey taken by Credit.com indicates that, in some cases, ending a marriage might have a positive impact on a credit score. The survey consisted of 526 divorced individuals with varied levels of income, age and education. Nearly 30 percent ofContinue reading
Moving a child out-of-state after a divorce
On behalf of The Walters Law Group, Ltd. posted in Child Custody on Friday, February 14, 2014. When an Illinois couple divorces, they might not think about the future of their children if the custodial parent has a job or school offer, remarries or needs the support of family. While sometimes those life changes occur within the state, in other cases, they require the custodial parent to pack up and move, including the child. A judge will make the final decision on child custody matters, but laws vary according to state. SomeContinue reading
Is there a season for divorce?
On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, January 21, 2014. Illinois residents know that January is filled with new beginnings and resolutions for the upcoming year. Some may call January “Divorce Month,” and according to some experts, it is the time in which many people decide to start researching their options. Visits to popular websites focusing on divorce peaked in January between 2008 and 2011. However, some studies indicate that many people wait until March before they make their final decisions. Another popular time for filing divorce isContinue reading