Ye of little faith. One of the best things accomplished by the Illinois Family Law Study Committee for divorce cases did was to require the Illinois Supreme Court to come up with a Uniform Financial Disclosure Statement (and to a lesser extent a uniform interim fee order). One should know how … [Read more...] about New Illinois Uniform Financial Affidavit and Interim Fee Order
Pre-Marital Property – Title Still Matters
When it comes to premarital or non-marital property, title matters. It's a common misconception that once you are married, half of everything each spouse owns belongs to the other spouse. As a result, people often see little harm in transferring a pre-marital asset titled in their own name into … [Read more...] about Pre-Marital Property – Title Still Matters
Illinois Requires Post-High School Support
Illinois remains one of only several states that extends a parents obligation to the support of children after the age of majority even in cases where the child is not disabled. Thirteen states, including Illinois, require post-high school education support while an additional 11 states will … [Read more...] about Illinois Requires Post-High School Support
Income Shares and Standardized Versus Individualized Taxes
Taxes affect the calculation of child support and therefore the issue based upon the income shares legislation about whether we base child support on gross income or net income will have a significant effect. Key language in the income shares legislation was a compromise allowing the critical tax … [Read more...] about Income Shares and Standardized Versus Individualized Taxes
Don’t Cancel Spouse’s Health Insurance
Don't cancel the health insurance for your spouse just yet. While it does not happen often, there are cases were as soon as a divorce starts, one spouse cancels a group health insurance plan for the other spouse. Usually, this is a serious financial mistake. First, the cancellation probably should … [Read more...] about Don’t Cancel Spouse’s Health Insurance
Primary Driver of Divorce Cost
There are two questions that divorce lawyers cannot easily answer: How much will it cost? How long will it take? That's because almost all divorce cases are unique. The primary driver of cost in a divorce case relates to the level of litigiousness of parties to a divorce. I have read … [Read more...] about Primary Driver of Divorce Cost