The personal finance website Worthy conducted a survey of at least 1,785 divorced women in 2018. At least 22% of them were 55 or over. They did so to understand the impact if any, that divorce had on womens' future finances. Study authors discovered that 46% of women...
Remaining an active parent is likely the most important consideration in your upcoming Illinois divorce if you share minor children with your spouse. The judge presiding over the dissolution of your marriage will try to be fair in how they allocate parental rights and...
Your family business started with a little money and a dream. Now it’s worth millions, and it generates a very nice income for your family. However, you and your spouse are equal co-owners, and you work together at the company. You’re thinking about getting a...
When you have children, figuring out how to split up parenting time will probably be one of the hardest parts of getting an Illinois divorce. You and your ex will likely have strong feelings about wanting as much quality time with the children as possible, and...
What's the link between a family's means, divorce and a child's academic success? Believe it or not, children of wealthy parents struggle harder to adapt when their parents divorce than children of lesser means. The authors of a 2019 University of California, Los...
Illinois, like a majority of other states, uses the equitable distribution standard for splitting up property in a contested divorce. Simply put, if you and your spouse can't figure out how to separate your belongings, the judge overseeing your divorce will make a...
Setting money aside for retirement is something that many married couples do together. They likely plan for a joint budget and consider the income of both spouses when figuring out how much they can save. Retirement accounts can quickly become a source of contention...
If your co-parent pays you child support, it can be frustrating when they are late. They need to realize that their tardiness causes you and your child problems. Until recently, paying child support late in Illinois resulted in an automatic 9% interest penalty. Thanks...
You have a child and you are not married to the child’s other parent. Perhaps you never were. Perhaps you got divorced. Either way, you know that you now need to work together as co-parents, even if you’re not involved with one another on any other level. There are a...
If you are a parent facing divorce here in Vernon Hills, you likely are focusing mainly on the custody of your children. If you and you cannot agree on custody matters, it will be up to the family law courts to determine the fate of your family. Long gone are the days...
