As you many know, when you file for divorce in Illinois, any marital property—both assets and debts acquired during the marriage—will be subject to division. Under the Illinois Marriage and Dissolution of Marriage Act (IMDMA), assets are divided according to a theory of equitable distribution. In other words, the court takes account of all marital assets and debts, and then it distributes them in a manner that it fair and just to both of the parties. Where do retirement accounts[...]
Did you know that approximately 25 percent of people who are currently divorced cited “disagreements about housework” as one of the major factors in their decision to dissolve the marriage? According to a recent article in The New York Times, some married couples may be able to save their relationships if they found a way to outsource home chores that are particularly unpleasant. Indeed, “letting someone else do the work in and around the house . . . could save[...]
Many families in Illinois are just learning about the new “income shares” model for child support that took effect on July 1, 2017. As we have previously discussed, Illinois child support used to work in such a way that the custodial parent paid child support to the noncustodial parent. This was known as the “percentage of obligor net income” model. Now, however, the state uses an “income shares” model. This means that the net incomes of both parents are taken[...]
Are you in the process of getting divorced in Chicago and thinking about child custody issues? For many parents in the Chicago area who are considering divorce, the changes to Illinois law concerning parental responsibilities and parenting time at first may not seem as though they will result in significant practical changes. However, one of the underlying emphases of the shift in child custody law is that both parents should be spending time in the role of parent. In other[...]
Many studies exist surrounding the reasons that married couples decide to file for divorce. For instance, issues in the marriage such as communication problems between the spouses or financial difficulties often make the top of such lists. But could a “sleep divorce” be a way to help mend problems in a marriage? According to a recent article in Global News, a new study conducted by researchers at the Sleep and Depression Laboratory at Ryerson University suggests that it could. What[...]
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