Posted on April 13, 2021 in High Asset Divorce

In Illinois, parties to a divorce are often required to complete a financial affidavit. A financial affidavit is a legal document used to declare the income, expenses, assets and property, and outstanding debts of each spouse. Parties to a divorce have a basic duty to make full and transparent financial disclosures.

Unfortunately, not everyone plays by the rules. If you believe your former partner is hiding assets, your rights are being violated. Fortunately, there are tools you can use to help uncover property and assets that are being improperly concealed by your spouse.

How Do I Know if My Spouse is Hiding Assets?

Divorce cases involving hidden assets are notoriously complex. The spouse who is playing by the rules faces a significant challenge: How do you find the assets that your spouse is hiding? After all, if your spouse is trying to hide money or property to keep it out of the divorce, they are not going to make it easy to locate.

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 Posted on April 08, 2021 in Child Custody

As a father, you play a critically important role in your child’s life. At the same time, fathers face some unique challenges in custody and visitation cases. You may be wondering: Can a father seek sole custody in Illinois? The answer is a clear “yes”—a father has just as much right to seek custody as a mother. Nonetheless, the United States Census Bureau reports that it is significantly more common for mothers to have primary custody than fathers. Here is an overview of the most important things dads should know about their parental rights in Illinois.

A Father Must Establish Parentage to Have Rights

As a starting point, a father must establish legal parentage. Without paternity, a man has no access to parental rights. Paternity is simply defined as the legal relationship between a father and a child. How exactly paternity is best established depends on the specific circumstances of the case.

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 Posted on April 07, 2021 in Divorce

When you get a divorce, there are dozens of things that you will have to do before the dissolution of your marriage is finalized. Many important issues must be settled, such as determining how you will divide your marital property and working out a parenting plan, and it is easy for some details to be forgotten or left on the back burner. Though your tax situation may not be at the forefront of your mind during the divorce, addressing it is important nonetheless. Here are three tax considerations that you should be sure to keep in mind.

Update Your Tax Filing Status

When you file your taxes each year, you will need to note your filing status, which influences the deductions you can claim and the income tax you may owe. Many married couples file their taxes as "married filing jointly," but once you are divorced, you must revert to filing as "single" or "head of household" depending on your circumstances. However, your filing status will depend on when your divorce is actually finalized. The IRS considers you to be married for the entire year if your divorce was not finalized by December 31 of that tax year. On the other hand, you are considered to be divorced and unmarried for the entire year if your divorce is granted by December 31.

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 Posted on April 06, 2021 in Alimony / Maintenance

Following a divorce in Illinois, the party in a better financial position may be required to make ongoing payments to their former partner. Known as alimony, spousal support, or spousal maintenance, the exact structure of these payments will depend on many different factors, with some ending after a specified time and others lasting indefinitely.

This raises an important question: Does remarriage affect alimony? The short answer is that the recipient’s remarriage is grounds to end alimony, whereas the paying spouse’s remarriage does not have a direct impact on their financial obligations. Here, our divorce attorneys highlight the key things you should know about spousal support and remarriage in Illinois.

The Recipient’s Remarriage Terminates Alimony Obligations

Illinois law is clear: If the spouse who is receiving alimony gets remarried, payments will automatically stop. According to state statute, “an obligor's obligation to pay maintenance or unallocated maintenance terminates by operation of law on the date the obligee remarries.” In other words, the spouse paying alimony does not have to get a court order to stop the payments. However, if the spouse paying alimony gets remarried, they cannot stop making payments, as their remarriage or new relationship is not grounds to terminate their alimony obligations.

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 Posted on March 30, 2021 in Prenuptial & Postnuptial Agreements

In today’s world, prenuptial agreements are increasingly common, as people are waiting until they are older to get married for the first time, which also means that they are likely to have accumulated significant assets before they are married. Nobody wants to think about the prospect of divorce, especially before you are even married, but a prenuptial agreement can be greatly beneficial if you and your spouse do eventually decide to call it quits. A prenuptial agreement can help you and your spouse determine the majority of your financial and property division issues with little resistance. Even though a prenuptial agreement is a legal contract, it is not set in stone and can be challenged if you believe the agreement is unfair in some way.

Challenging Your Prenup

As a legally-binding agreement, a prenuptial agreement is also legally enforceable. This means that you must abide by the terms of your prenuptial agreement unless the agreement or portions of the agreement are invalidated. If you feel as if your prenuptial agreement is invalid or unfair, you have the right to ask the court to hear your case. The judge will not simply invalidate a prenuptial agreement because you do not like the terms of the agreement anymore. You must prove that there is a legitimate reason for the invalidation of a section or the entire agreement. Common reasons that a judge may invalidate a prenuptial agreement include:

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 Posted on March 25, 2021 in Alimony / Maintenance

During a divorce case, there are a wide variety of legal and financial issues that will need to be addressed. One key issue that may play a role in some divorces is the matter of financial support paid by one spouse to the other. This form of support, which is commonly known as alimony, is referred to as spousal maintenance in Illinois. Those who are going through the divorce process will want to be sure to understand the laws surrounding spousal maintenance and the situations in which it may be awarded. By working with an experienced divorce attorney, you can be sure this issue will be addressed correctly as you work to legally dissolve your marriage.

The Purpose of Spousal Maintenance

Contrary to popular belief, alimony is not meant to be a punishment or a reward for either spouse. Instead, it is intended to address disparities in the incomes earned by divorcing spouses. Following a divorce, spouses should be able to continue living at the standard they enjoyed while they were married, but this can be difficult or impossible for one spouse if the other spouse earned the majority of the family’s income. For a person who was reliant on their spouse to provide for their needs, receiving spousal maintenance will allow them to support themselves after their divorce while also giving them the means to obtain education, pursue employment, and become self-supporting.

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 Posted on March 25, 2021 in Asset Division

For many Americans, having a vehicle is extremely important and practically necessary to live everyday life. In the suburbs of Chicago and surrounding counties, many people rely on their vehicles to commute to and from work every day, making them a vital asset. However, as a physical and often valuable asset, vehicles can be subject to division during a divorce. This means you and your spouse will be tasked with the job of determining how your vehicles will be handled. Before you start the negotiation process, there are certain considerations you should make pertaining to your vehicles.

Are Your Vehicles Subject to Division?

Before you do anything, you should determine if your vehicles will even be included in your marital estate. According to the Illinois Marriage and Dissolution of Marriage Act (IMDMA,) only marital property, meaning that which was acquired during the marriage, is subject to division. If the vehicle was purchased prior to the marriage, it is likely not considered marital property and therefore not subject to division in your divorce.

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 Posted on March 22, 2021 in Family Law

At Goostree Law Group, we know that our clients and other visitors to our website use our blog as a helpful source of information and answers about divorce and family law in Illinois. In our blog posts, we try to answer common questions and address issues that can arise in the divorce process, as well as in other types of family law cases, such as parental responsibilities and parental rights. Today, we will look back at the ten blogs that were the most popular among our readers throughout 2020:

1. Can I Sign Away My Parental Rights to an Unborn Child? – We talk about the options that a man has when his partner is pregnant but he does not wish or is not ready to be a father.

2. Grounds for Terminating Parental Rights in Illinois – We discuss the various conditions under which an Illinois court might terminate a parent’s rights regarding his or her children.

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 Posted on March 18, 2021 in Family Law

Divorce affects families from all walks of life, but the specific issues that each family deals with are different depending on their circumstances. When it comes to families with high incomes, the division of property and assets can be especially challenging. Child support can also easily become a contentious issue between high-earning parents, especially if the parents’ financial situation is not covered under the Illinois child support guidelines.

Understanding the Income Shares Model

In an effort to maintain as much fairness as possible, the state of Illinois currently uses an income shares model to calculate the amount of child support that should be paid each month. It is not the responsibility of just one parent to financially support a child, and as such, instead of just the paying spouse’s income being considered, both parents’ incomes are taken into consideration when the payment calculation is made. The calculation also takes into consideration the number of children that are being supported and how many overnights the children spend with the non-custodial parent each year.

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 Posted on March 17, 2021 in Property Division

Under Illinois law, an employee who gets hurt on the job is usually eligible for benefits under the state’s workers’ compensation program. These benefits are intended to help both the worker and his or her family. But, what happens when a person who is receiving workers’ compensation benefits gets divorced? If you are in such a situation, the answer to this question could have a substantial effect on your divorce.

Are Benefits a Marital Asset?

You probably realize that workers’ compensation benefits are considered a type of asset. The question, however, is whether they are considered part of the marital estate or not. In general, if the accident that made you eligible for workers’ compensation benefits occurred during your marriage, the benefits are likely to be considered marital property. This may even be the case if your divorce was already in process at the time of your accident. On the other hand, if the accident occurred before your marriage or after a judgment of legal separation was entered, the benefits you have received are not as likely to be considered as property of the marital estate.

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