For many parents, the possibility of losing time with their children is the biggest issue they face during a divorce or non-marital split. The allocation of parental rights and responsibilities may include a percentage of overnight time and even arrangements for...
Family Law
Can your prenup define child custody rights?
No, your prenuptial agreement cannot define your child custody rights. It cannot ensure that you get sole custody of your children, for example, nor can you use it to waive those custody rights. There are only certain things that can be included in a prenup, along...
Who throws birthday parties when parents share custody?
Parents who share custody face numerous challenges. They must give up time with their children, sometimes on days that they find especially meaningful. Parents often need to work out a schedule for splitting or alternating holidays. They also need to plan in advance...
Co-parenting and extracurriculars: 2 tips for co-parents
Parents who are going through a divorce have to ensure their children have what they need, even during this major life upheaval. There are many factors to consider, one of which is the child’s participation in extracurricular activities. For many children,...
Special consideration for divorcing business owners
The family business is likely a source of pride because of the hard work that went into building it. That same business can become one of the most contentious issues if the business owners go through a divorce. There’s a chance that one business owner is more...
Managing loneliness effectively can lead to a fairer divorce
Loneliness can create a strong urge to resolve the divorce process quickly, sometimes at the expense of important financial or parenting considerations. For example, someone may agree to an unfavorable settlement simply to end the emotional strain or maintain a...
Divorce over 50: special issues to consider
Divorce over the age of 50 involves a lot more than just ending a marriage. Often called “gray divorce,” it can raise financial and practical issues that are very different from those faced by younger couples. Gray divorces place retirement, healthcare and long-term...
Dividing large assets in divorce? Consider the tax impact
Dividing substantial assets during divorce can feel straightforward at first. You list what you own, assign values and work toward a fair split. But as discussions move forward, a new question surfaces: What will these assets actually be worth after taxes? The answer...
How to divide digital assets in an Illinois high-asset divorce
You invested in digital assets during your marriage, watching its value climb over the years. Now that you are facing divorce, you wonder how to split these digital holdings fairly. Their special nature often makes division confusing. Fortunately, you have several...
How to start the prenup conversation
Discussing a prenuptial agreement with your partner can be challenging. Will they think you are already planning for a divorce? Will they start questioning your commitment? A noteworthy percentage of Americans have reported being open to the idea of a prenup, but...
