Legal issues involving your children could become one of the most difficult aspects of ending your marriage, and you could face challenges years after getting a divorce. In addition to child support, you could run into serious problems with respect to child custody or...
In Illinois, the court recognizes that financial circumstances can change for either parent and the children following a court-ordered child support agreement. To accommodate those changes, you can file for a modification of child support. Prepare and file the forms...
If you have difficulty making child support payments on time, it is essential to have a clear understanding of the different consequences that could arise. Not only could you struggle with high levels of stress, but you could find yourself facing devastating...
Financial loss is one of the most common effects of divorce, and it can cause a lot of damage if you do not take immediate steps to prevent it. Knowing how to protect your money could mitigate some of the losses. Even prior to filing divorce paperwork, consider what...
Cryptocurrency is an unstable market. It has seen amazing highs and terrible lows. But if you own this digital currency, then it becomes considered in a divorce when you are dividing property. Unless you and your spouse make an agreement for only one of you to take...
High-asset divorces involve liquid assets greater than $1,000,000 and at least one spouse makes more than $500,000 per year with a total net worth of more than $5,000,000. They are significantly more challenging than a basic divorce due to the asset division...
Some divorces become complicated because of the complex nature of the assets owned by one or both spouses. Deferred compensation is one such asset. This form of compensation differs from other financial accounts in that a person can collect the money at a later date....
In the U.S., almost half of all couples divorce. Generally, splitting is a good option when you need to maintain a stable, healthy family for your children. However, while divorce may be in the best interest of your children, it is still a traumatic experience. Kids...
Since married couples often share ownership of bank accounts, it is likely you will have to divide a jointly owned account with your spouse in your divorce settlement. However, your divorce could take a nasty turn if your spouse empties the account money first. Some...
You likely have many questions and uncertainties when going into a divorce, and many of them surely involve the division of marital assets. While it can be relatively easy to understand the distribution of typical assets and finances, the allocation of marital debts...
