Posted on November 30, 2019 in High Asset Divorce

Every divorce in Illinois follows the same laws, regardless of the couple’s net worth and how many assets they own. Still, a high asset divorce is usually more complicated than other divorces and can take longer to negotiate if you did not have the foresight to create a prenuptial agreement. However, the complexity of the division of properties does not mean you must have a contentious divorce. For instance, Amazon founder Jeff Bezos had what publicly appeared to be an amicable divorce earlier this year, despite the fact that he is one of the richest people in the world. There are several keys to keeping your high asset divorce amicable:

1. Be Thorough in Your Preparations: It is difficult to trust each other during a divorce if you believe that your spouse is hiding or misrepresenting the value of assets. It is your divorce attorney’s job to identify all of your marital properties and assess their value. This process is more difficult with a high asset divorce because of the sheer volume of properties, some of which are complicated to evaluate. Properties in high asset divorces often include luxury items, multiple homes, business interests, and lucrative retirement benefits.

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 Posted on November 24, 2019 in Prenuptial Agreements

Romantic relationships are less bound by the need to marry than they were decades earlier. Adults can live together, share their finances and raise a family without ever marrying each other. However, there are institutional benefits to being married, including the rights and protections that you receive if you divorce. Divorcees in Illinois are entitled to an equitable share of their marital properties and are presumed to both have parental rights. Unmarried couples can protect themselves in the event of a breakup by creating a cohabitation agreement, a document that serves a similar purpose as a prenuptial agreement.

Why You Need a Cohabitation Agreement

Most properties that you acquire during a marriage are classified as marital properties, which you each have a fair claim to. The issue is murkier if you have a property dispute after the breakup of an unmarried relationship. The Illinois Supreme Court has denied equitable property rights to unmarried couples in the past. A written cohabitation agreement is a contract that:

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 Posted on November 16, 2019 in Child Support

The Illinois Supreme Court has upheld a portion of the state’s divorce law that can order both parents to help pay for a child’s college education, in response to a circuit court judge who ruled that it was unconstitutional. The circuit court judge had decided that forcing a divorced parent to contribute to college expenses is a violation of the 14th Amendment to the U.S. Constitution, which promises equal protection under state laws. Rather than argue the merit of the claim, the supreme court said that the circuit court judge lacked the authority to strike down the law because the supreme court had previously ruled that the law was constitutional. Only the supreme court has the authority to overturn that ruling, it said.

College Expenses

The law in question is Section 513 of the Illinois Marriage and Dissolution of Marriage Act, which states that courts may order divorced parents to use their assets and incomes to pay for a child’s post-high school education. Expenses may include:

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 Posted on November 07, 2019 in Divorce

Many people do not realize that the court hearings for their divorce are part of the public record, meaning that anyone can access records on your divorce after it is completed. Everything you say during the hearings and the various documents that you submit is part of that public record. With records being digitized, it is more convenient for people to request and receive court records. If you are concerned about your privacy, you should discuss with your attorney whether you can seal your divorce record from the public.

What Is in the Record?

Your public divorce record does not include sensitive information such as your Social Security Number or bank account numbers. However, it may include details that are professionally damaging or personally embarrassing, such as:

• Your financial history and debt record
• Your business assets and interests

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 Posted on October 31, 2019 in Child Custody / Allocation of Parental Responsibilities

Parents who are getting a divorce worry about how it will affect their children. Besides the pain that the breakup causes, there is the challenge of being a single parent to your children. Can you handle the demands of being solely responsible for your children when they are with you? Can you perform the tasks that you normally left to your co-parent? Divorced parents must resolve to be the best parent they can for their children. Fortunately, there are a few ways that your divorce may actually help you become a better parent:

1. You Have Shed the Negativity of Your Marriage: It is only after divorce that you realize how much the stress of your marriage was affecting you. While there may be some sadness after divorce, you should no longer feel the anger and dread of coming home to your spouse. Your children may notice that you are happier, which may help with their own moods.

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 Posted on October 27, 2019 in Divorce

An abusive marriage is a horrible situation to live in but difficult for some victims to leave. There is a fear of how your spouse will respond when they discover that you are leaving. You may also worry about your ability to financially support yourself – both immediately after leaving your spouse and permanently if you divorce. Rather than leaving at the spur of a moment, it is better to plan ahead if you are not in immediate danger. Illinois offers several resources for domestic abuse victims, including an order of protection.

What Is an Order of Protection?

Also known as a restraining order, an order of protection is a court-issued document that prohibits an alleged abuser from contacting or harassing the victim. The definition of abuse in Illinois includes physical violence and psychological harassment and intimidation. You must fill out a form requesting your order of protection against your abuser, including:

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 Posted on October 17, 2019 in Business and Divorce

Marriage is an equal partnership in which spouses share their assets and responsibility towards their family. For some spouses, their relationship extends to a business partnership. It is common for spouses to help each other run a small family business, with one spouse often serving as the primary owner and manager. In less common situations, the spouses may be equal business partners who were both instrumental in creating and growing the business. If spouses in a business partnership decide to divorce, they must decide how they will continue to run the business afterward.

Your Options

Your business is a marital property that you must include as part of your division of property. You have four options for what to do with your business during the divorce:

• One of you can pay the other in exchange for complete ownership of the business.

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 Posted on October 09, 2019 in Divorce

Empty nest syndrome – a term used to describe grief after children have permanently left the family home – is something that most parents expect to deal with because it is healthy for the children to move out when they become adults. Unfortunately, some couples add divorce onto that grief. They could go from a full family household to living alone in just a few years. The timing of divorce after the children have left is often more than a coincidence. Empty nest syndrome can lead to divorce, even if the marriage has lasted for decades.

Prolonged Marriage

Some parents intentionally wait until their children are adults to end their marriage in order to spare their children from the effects of divorce, such as shared parenting time arrangements. However, a couple may not realize that their marriage is in danger until it is just the two of them at home. Parenting demanded most of their attention and was their strongest bond with each other. Without their parenting responsibilities, their marriage relies on their relationship with each other. Some spouses find that they no longer have much in common or have incompatible personalities. They face the difficult choice of whether to tolerate an unhappy marriage, try to fix their issues, or end the marriage.

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 Posted on September 30, 2019 in Divorce

The reason that a couple decides to divorce is often tied to marital satisfaction – if you are no longer satisfied with your marriage, you are more likely to want to end it. There is less consensus about whether marital satisfaction naturally declines over time or if something needs to create that dissatisfaction. People who believe in a natural decline in marital satisfaction may use terms such as “the honeymoon is over” and “seven-year itch”:

• After the initial bliss of being married, spouses face adversity for the first time when they settle into their shared life; and
• There is an idea that people become tired of their relationship with each other after seven years.

A recent study published in the journal “Social Psychology and Personality Science” tried to test whether a decline in marital satisfaction is common. The researchers differentiated their study by including couples of diverse ethnic and socio-economic backgrounds, believing that the tendency to study white, middle-class couples may have skewed past results. Researchers followed couples for five years after their marriage, checking in each year to ask questions that helped them measure each couple’s level of marital satisfaction. There were several findings:

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 Posted on September 24, 2019 in Child Custody / Allocation of Parental Responsibilities

Illinois family courts rarely decide to terminate parental rights. An unfit parent may lose a significant portion of their allocation of parental responsibilities, but courts want to avoid terminating someone’s parental status and leaving a child with one legal parent. The child support obligation is the most pressing issue because losing financial support from one parent could hurt the child. There is also an emotional benefit to the child knowing they have two parents, even if one is less active in their lives. Despite the negatives, there are two situations in which a court will consider terminating a parent’s rights:

• Cases involving adoption; and
• Unfit parent cases brought by the state.

Adoption

As previously mentioned, a family court is highly unlikely to grant a request to terminate the parental rights of one of the biological parents, whether it is voluntary or involuntary. However, it may consider the request if there is another adult who is willing to adopt the child. This adult would most likely be someone who has married one of the biological parents and become a stepparent. The process is simplest when a biological parent voluntarily surrenders their rights as a parent. Contested cases are more difficult because the parent requesting the termination will need to prove that the other parent is unfit and has shown no interest in the child.

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