Typically, remarriage will have no impact on custody. The only time custody would be impacted in such a case, is if the court believes the remarriage is not in the child’s best interest. An example of this is if a parent married an individual who has a criminal history that may be harmful to the...
What is considered a high asset divorce in Illinois? Illinois law defines a high asset divorce as a divorce where the net income of the spouses is $500,000 or more. In the case of a high asset divorce, the court will take into consideration certain circumstances in order to determine alimony....
If you have lived in Illinois for at least 90 days, then you can file for divorce. The first step you must take is filing a petition for divorce in your county. The petition states that you want a divorce, and how you think matters such as division of property and parental responsibilities should...
For spouses who own a business, divorce proceedings generally require the enterprise to be divided fairly under the Illinois equitable distribution laws. This applies to commercial ventures of any size. Small businesses contribute more than 40% to the nation's GDP; the court views smaller family...
A postnuptial agreement is more easily overturned than a prenuptial agreement. This is because a postnuptial agreement occurs after marriage, so assets may have already been co-mingled. If you wish for an enforceable postnuptial agreement that aligns with your wishes, it is paramount you seek the...
Both spouses are required to disclose all assets in an Illinois divorce. However, one spouse attempting to hide assets is surely not an unheard of scenario. Hidden assets can come in many forms which include phony debt, antiques and hidden cash. If one spouse fails to accurately disclose...