In an Illinois divorce, a trial does not happen right away. Instead, it could take over a year to work through the pre-trial process. The bulk of the time is spent on something called discovery. This is when both parties exchange documents and information. Three parts...
Prenuptial agreements in Illinois
Deciding to get a prenuptial agreement sounds like the kind of thing that could take all of the joy and romance out of an upcoming wedding celebration. There are several misconceptions about prenups, the first of which is that by having a prenuptial agreement in...
Is it in your interest to establish paternity?
Unwed fathers in Illinois have to go through extra steps to establish paternity. For some, the effort may not seem worth it initially. This is because fathers do not understand how crucial legal paternity is. Today we will look at exactly why this is so crucial. We...
How does shared parenting benefit children
Deciding how to parent your children following a divorce or legal separation in Illinois may be one of the most difficult issues to negotiate in the final settlement. Depending on the circumstances of the case, the judge may award sole-physical custody to the primary...
What are ways to plan a family business succession?
Like many business owners, you may want to hand off your business to one of your children upon your retirement. However, some businesses do not survive a transition to the next generation. In many cases, business owners do not recognize that what worked for them as a...
How can business debt affect your divorce?
If you get the business in your divorce, it may seem like a good thing, but if your business has debt, it could spell trouble. Debt can haunt you in many ways in a divorce. Forbes explains that business debt may not only make it tough to move forward with the...
Should I choose a family member as my business successor?
Planning who will take over your business after you retire, step down or pass away is an important task to take care of while you still can. Some business owners start their companies as family operations, and they intend for a son or daughter to take over the...
How does Illinois divide property during a divorce?
The divorce process may seem overwhelming. Whether you filed for the divorce or your spouse, it may still take a significant toll on your emotional as well as financial wellbeing. One of the most significant aspects of a divorce is dividing property. The term may make...
What are the benefits of a collaborative divorce?
A collaborative divorce is a process where you and your attorneys agree not to go to court. Additionally, you use other professionals, such as financial experts and mental health professionals, to guide you through the process. The other professionals are there as...
How does alimony work in Illinois?
How much do you have to pay or how much will you receive if you are lucky enough to have a very successful divorce? According to FindLaw, in Illinois, it is a formula. They used to take 30% of the breadwinner's gross income minus 20% of the other spouse’s gross, and...
