On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, February 7, 2014. Illinois residents may be interested in how to prove that their former spouse is cohabiting with a new partner. In most divorces, the payment of alimony is dependent on the receiving spouse remaining single. Therefore, spouses who receive alimony are reluctant to disclose a cohabiting relationship because it could bring an end to the spousal support. Paying spouses, on the other hand, would often prefer for a cohabiting relationship to be disclosed as early as possible.Continue reading
Tag Archives: spousal support
Plan ahead and protect your assets before divorce
On behalf of The Walters Law Group, Ltd. posted in Family Law on Tuesday, January 14, 2014. When divorce is inevitable, it makes sense to consider financial planning for the ease and benefit of everyone affected. In Illinois, there are obvious economic issues to address like child support, spousal support, and property division, but in the event a divorce will not likely be amicable, it is important to take precautions to protect your assets. Before filing for divorce, take a deep breath, create a file from copies of your financial records goingContinue reading
Woman still required to repay alimony after bankruptcy
On behalf of The Walters Law Group, Ltd. posted in Divorce on Monday, December 23, 2013. Illinois residents may be interested in a recent ruling made by the United States Court of Appeals for the Tenth Circuit on Dec. 9. According to the ruling, after filing for Chapter 7 bankruptcy, a woman who received alimony payments beyond the terms ordered by the court still has to return the funds to her ex-husband. A report says that the couple was married in 1988 and filed for divorce in 2005. After the separation, the man wasContinue reading
Don’t let a prenup be invalidated
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, November 13, 2013. Illinois residents with significant wealth or real estate that they wish to protect may ask their betrothed to sign a prenuptial agreement before marriage. A prenuptial agreement can ensure that in the case of a divorce, assets enumerated in the agreement remain in the hands of the person who owned them prior to the marriage. In addition, a premarital agreement can predetermine issues related to spousal support. As such, a premarital agreement can reduce the likelihood ofContinue reading
The Affordable Care Act and divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, September 27, 2013. The Affordable Care Act may make it easier for couples in Illinois to decide whether to stay in their marriage or get divorced. Health insurance is often a major factor for adults over 50 years of age. The 115,000 women who lose their private health coverage due to divorce every year would not have to worry about their eligibility after divorce as a result of the ACA. Older women who are not employed or do notContinue reading
Man in reduced circumstances jailed for missing alimony
On behalf of The Walters Law Group, Ltd. posted in Family Law on Tuesday, September 17, 2013. A family court judge has ordered that an ex-husband mired in financial difficulties remain confined to a work-release program where he must spend his nights and weekends in jail. In order to secure his release, the man must pay a lump sum of $25,000 toward more than $233,000 of spousal support that he owes his former wife. Jailed at least eight times in the past two years for missing child support payments, the man formerly worked asContinue reading
Dividing your assets at divorce with prenuptial agreements
On behalf of The Walters Law Group, Ltd. posted in Divorce on Monday, August 12, 2013. Prenuptial agreements are an important part of the proceedings when there is a high asset divorce. Illinois residents who are preparing for marriage or divorce may be interested to know some things to look out for when preparing a prenuptial or postnuptial agreement or attempting to negotiate property division at the dissolution of a marriage. A prenuptial agreement that is very old and without any postnuptial modifications or clarifications is liable to be challenged by theContinue reading
Alimony laws are changing
On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, July 9, 2013. Illinois residents may be aware that new alimony legislation is being considered in several states. The proposal is centered on lessening the burden of permanent spousal support after separation of divorce. Several states have already adopted the reform, and it includes specific amount of money and length of support for the receiving spouse. The opponents of the new laws argue that the reform may adversely affect many women who may not have any other sources of income,Continue reading
A pre-marital agreement will protect assets if a divorce occurs
On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, June 11, 2013. When it comes to marriage in Illinois, many couples fail to discuss entering into a pre-marital agreement. In many instances, people believe that a prenuptial agreement is not needed as discussing such an agreement signals an uncertainty about the upcoming nuptials. No couple wants to discuss the possibility of a divorce before even walking down the aisle. Regardless of whether or not a couple feels that a prenuptial agreement applies to them, the fact remains that nearly halfContinue reading
More Illinois women are paying alimony
On behalf of The Walters Law Group, Ltd. posted in Family Law on Saturday, May 25, 2013. With the growing trend of women earning more income than their husbands, more women are being ordered to pay spousal support to their husbands in divorce cases. Alimony was once a means of providing economic and legal recognition for women, who mostly stayed out of the workforce. This allowed them to take care of the duties of running the household. In the event of a divorce, alimony acknowledged that the wife had sacrificed her earning powerContinue reading