Posted on September 28, 2020 in Alimony / Maintenance

For many couples, getting a divorce can be a big financial burden. Going from being a dual-income family to having to run a household on one income can be tough on anyone. In situations in which one spouse may be greatly disadvantaged financially after a divorce, a judge might deem it appropriate to award that person spousal maintenance. In Illinois, spousal maintenance, which is also known as alimony or spousal support, is calculated using a specific formula, and it usually only lasts for a specific period of time. If you are getting a divorce, you should understand the basics of Illinois spousal maintenance.

Calculating Spousal Maintenance

If a spouse is awarded spousal maintenance, the formula set forth by the Illinois Marriage and Dissolution of Marriage Act (IMDMA) will be used to determine the amount of the maintenance award. The formula applies to any couple whose combined gross annual income is less than $500,000. The formula is as follows:

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 Posted on September 22, 2020 in Divorce and Finances

It has often been said that preparation is the key to success, and getting divorced is no exception. Most areas of your life will change after a divorce, including your living situation and parenting situation. Even though your divorce is an emotional process, it is just as much a legal and financial process.

Dealing with marital finances during a divorce can be tricky, especially since financial issues are often the root of disagreements during divorce negotiations. Proper preparation is crucial when it comes to the financial side of your divorce. Here are a few ways you can prepare your finances before you begin negotiations:

Tip #1: Collect Your Records

The first thing you need to do is to gather all of your financial information from the past couple of years. This can help you get a good idea of your financial picture and will ensure that you have everything ready as you begin the negotiation process. You should try to gather records such as:

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 Posted on September 18, 2020 in Child Custody

Many adults experience mental illness during their lifetime. In fact, according to the National Alliance on Mental Illness (NAMI), 43.8 million adults experience mental illness in any given year. While mental illness can be naturally occurring, it can also be triggered by major events in your life, such as divorce. Mental illness will not typically factor into divorce decisions, but it can be an issue to address when making decisions related to children, namely, decisions about parenting time or decision-making responsibilities.

Elements to Consider When Making Child-Related Decisions

Any child-related issue that must be settled during a divorce is made in the child’s best interests. If the parents disagree on what is in the child’s best interests, then a judge will have to intervene and make decisions about the allocation of parenting time and parental responsibilities for the parents. When making these decisions, the judge will look at various factors, including:

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 Posted on September 15, 2020 in Property Division

If you are one of the lucky people who get to live out the American dream by buying and owning your own home, you know how rewarding it can be to have a place of your own. When you are married, real estate property becomes more than a house – it becomes a home. Dealing with your family home can be one of the toughest decisions you will make when dividing your property during your divorce. In many cases, the family home is the most valuable asset a couple owns, both from a financial and sentimental perspective.

Generally, three basic options exist when it comes to dealing with your marital home. You and your spouse can choose to sell the home, one of you can keep the home, or you can both keep the home. Each family situation is unique, so what may be right for one family may not necessarily be right for another.

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 Posted on September 10, 2020 in Children and Divorce

When you think of divorce, you might picture a family with younger children who will have to shift from household to household for the rest of their childhood. However, while a divorce can be hard on children who are still growing up, it can also be difficult for adults whose parents are splitting up.

Most of the time, when a couple who has adult children gets divorced, they are ending a marriage that has lasted for years, or maybe even decades. Divorcing after a long marriage can be difficult for both the couple and the rest of the family, due to increased financial issues and the amount of history and memories made together. If you are a parent of adult children, and you and your spouse are getting a divorce, here are a few ways that you can help your children cope with this major life change.

Time the Announcement Right

Once you realize that you are definitely getting a divorce, and there is no turning back, you should begin to think about how you are going to break the news to your family. An announcement as big as this should come directly from you, not from another family member who heard it first. In some cases, you may want to gather all of your children together to let them know about your divorce, but this may not always be feasible due to busy schedules or because you live in different geographical areas. In any case, you will want to have an adult conversation where you can inform each child about the end of your marriage, answer their questions, and ensure that they understand what is happening in your life.

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 Posted on September 07, 2020 in Divorce

Aside from the death of a loved one, getting a divorce is the most stressful event that is likely to happen in a person’s life. This is because a divorce encompasses almost everything in your life, from where you live and how much time you spend with your children, to your monthly expenses and tax implications. The process of divorcing your spouse is not just a legal one; it is as much an emotional process as it is anything else. While people may tell you that you will be much happier after your divorce is over, there are plenty of realities that nobody really talks about. Here are a few things that you may not be prepared for when it comes to life after your Illinois divorce:

#1: You Will Probably Feel a Sense of Loss, Even If You Initiated the Divorce

Getting a divorce is a huge change in your life. Even if you were the one who wanted the divorce because you believed that your marriage had broken down beyond repair, you will still probably feel a mix of emotions, such as sadness, anxiety, and loss. Getting a divorce is a major life transition, and you not only lose your spouse as a life partner, but you may also lose your relationships with others who are associated with your spouse, such as their family and friends. Adjusting to this loss can take time.

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 Posted on August 31, 2020 in Divorce

If you have made the decision to pursue a divorce, the first few steps of the process can be frightening and overwhelming. It is understandable that you would not know exactly what to do or what you should expect. You could also just be emotionally drained from trying to handle everything on your own. The good news is that a qualified divorce lawyer can help. Your attorney is an ally who is committed to protecting your rights and best interests while he or she guides you through the divorce process — and it all begins with your initial consultation. Before you go in for your first meeting, you should have an idea of what to expect and how to make the most of your time.

Understanding the Reason for Your Consultation

Many people assume that an initial consultation with a lawyer is basically a glorified sales pitch, but this is quite far from the truth. A legal consultation is not the lawyer’s attempt to sell you a service that you do not need. Rather, it is an opportunity to see if you and the lawyer — or the law firm as a whole — are a good match for one another. This is important because the attorney you choose will be your advocate and partner in the very serious matter of your divorce.

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 Posted on August 27, 2020 in Property Division

Under Illinois law, virtually any property that either spouse acquires during a marriage is considered marital property, which means that it is subject to being divided between the spouses if they ever get divorced. Such property usually includes wages from your job, even if the money was invested or deposited in a retirement account established in just one spouse’s name. This is also true for a vested pension plan because the value of a pension is based on the efforts of the working spouse, which, according to Illinois law, makes an asset part of the marital estate.

How Much of Your Savings Is Marital Property?

It is not uncommon for a working person to put away savings for retirement over the course of many years. As such, your retirement savings, including any funds in an Individual Retirement Account (IRA) or 401(k), may have started well before you even considered getting married. Any contributions that you made — as well as the increase in the value of your savings — before your marriage are considered non-marital property and are not subject to division. Contributions and value increases that occurred while you were married, however, are marital property, which means that they must be taken into consideration in the asset division process.

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 Posted on August 20, 2020 in Divorce

Divorce has become common enough that some couples seek to lower costs by purchasing “at-home” divorce kits and filing their own legal paperwork. In some situations, this approach can work, but most couples will save time, money, and stress by partnering with a skilled divorce lawyer to walk them through the process. There are a number of very important reasons to consult with a lawyer on all divorce-related concerns. Consider some of the most common:

Reason #1: Experience Is Key

Divorce lawyers handle divorce cases on a daily basis. As a result, even lawyers who have been practicing for only a few years have seen all types of cases and circumstances. Lawyers know the law, the courts, and the local judges. They can also bring up important points that you might not consider while trying to handle things on your own.

Reason #2: Lawyers Offer Informed Advice

Because divorce attorneys have seen it all, they are among the best sources for answers to questions about the divorce process. They understand spousal maintenance payments, property division, and parenting arrangements. While all divorces can benefit from legal representation, complicated divorces practically require a skilled lawyer for advice and representation.

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 Posted on August 17, 2020 in Divorce

In most cases involving divorce or family law matters, the parties are able to negotiate an agreement outside of the courtroom. They only require the court to approve and formalize terms already drafted, with very little actual decision-making happening during the approval. Sometimes, though, the parties cannot reach an agreement and the matter is left to the court to decide. Such a ruling by the court typically carries an air of finality, especially if it feels like you were on the “losing” end. A less than favorable judgment is not necessarily the end, however, and filing an appeal could potentially allow you to work toward setting things right.

Act Quickly

Following the entry of the initial court’s judgment, you have 30 days to file a Notice of Appeal. The notice must be filed with the circuit court and announces your intention to challenge all or part of the judgment and the relief that you intend to seek. The reviewing or appellate court may grant an extension for up to an additional 30 days, but only if you have a justified reason for missing the original deadline.

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