Chicago Illinois Family Law Blog
Domestic partnerships and civil unions can be wonderful for couples who wish to enjoy the same benefits as marriage, but who don’t feel the need for a big, blowout wedding or a marriage certificate. Unfortunately, not all relationships last the test of time and it can be difficult to know just how to end a domestic partnership or civil union. Thankfully, Cook County, Illinois has a clear process for each.
Few things can affect your finances more than divorce, especially when the divorce requires court appearances. Divorcing after retirement, however, can increase the financial burden exponentially. The primary reason for this is that once retired, the partners are living on their existing resources without the means to produce further income. In other words, both parties must have the ability to sustain their quality of life with existing assets and resources.
Recently, ABC 10 News reported on the case of a San Diego woman, Toni Anderson, who won back child support from her ex-husband nearly 50 years after their divorce. She filed a claim for what she was owed, plus interest, when she realized there is no statute of limitations on child support. Ms. Anderson wants to spread the word to other single parents that they can still collect child support, no matter how many years have gone by.
It is a well-known fact that about 50% of marriages in the U.S. ultimately end in divorce. While that statistic may imply that the other half of marriages where couples stay together are happy and healthy relationships, this is not always the case.
Forensic accounting may be defined as the use of accounting skills to investigate fraud or embezzlement, or to analyze financial information for use in legal proceedings. In divorce proceedings, forensic accounting can help uncover essential data and provide critical documentation to support your case.
Divorce can have adverse consequences, not least of which could be damage to your credit score. Although your marital status is not included in your credit report or factored into your rating, it can indirectly lead to financial situations that can hurt your credit. However, there are steps you can take to help protect your credit if you are going through a divorce.
The Illinois State Police have some troubling statistics on their website: every 15 seconds, a woman in the U.S. is beaten, often by a romantic partner. To combat this, the State of Illinois passed the Illinois Domestic Violence Act of 1986, and our recent Supreme Court rulings have put more “teeth” into the legislation.
Spousal maintenance (called alimony or spousal support in other states) is the payment of money from one spouse to another after a divorce. Its purpose is to help prevent financial and social hardship and disruption for the spouse who was financially dependent on the other spouse. There have been recent, significant changes to Illinois spousal maintenance laws.
So, you finally got that promotion you’ve been working toward. Congratulations! The hard work and dedication to your career has paid off once again. Now, you have a nice new position, and (we hope) a hefty raise to go along with it. However, once the dust has settled and you’ve had enough time to revel in your achievement, perhaps a question popped into your head. It’s one that many divorced parents face when they find themselves in a similar position: “Will this promotion affect my child support payments?”
Today, many couples end up marrying later in life. What that means is each partner already has a life of their own, and more to lose if something goes wrong in the marriage. If you haven’t already, we recommend considering a prenuptial agreement to give yourself an extra layer of legal protection. Here are the facts about prenups.
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