Archive, April 2015.

For those entangled in the divorce process, aside from the separated couple, their families and their respective family law attorneys, it is advisable for parents of children currently enrolled in childcare to alert the childcare professional to the situation.
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If you reside in Illinois and are contemplating divorce, there is a set of cited criteria under the Illinois Marriage and Dissolution of Marriage Act (750 ILCS 5) you should familiarize yourself with before scheduling an initial consultation with an experienced Illinois family law attorney.
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The economic landscape of the U.S.tends to be classified as “big business” but surprisingly small family-owned and operated establishments, employing less than 20 employees, accounts for 86.4 percent of the gross domestic product or GDP. With such a high percentage it is not unrealistic to consider that at some point in time owners of such businesses, often married, run into relationship turmoil often leading to many questions regarding not only the dissolution of a marriage, but the effect a divorce may have on the business.
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An Update to the August 20th, 2013 Blog PostWhat is the best income tax shelter that the average person can have? The answer: homeownership. Doesn't this sound incredible? But if your home has gone up in value, the first $500,000 in profit, per married couple, is income tax free. If you are single, the first $250,000 is income tax free.Since the purchase price or improvements made are not part of the profit, most people will not pay any income tax on the sale of their home. The good news is that you can take advantage of this tax free perk every two years. Check with your tax …
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For Illinois residents contemplating divorce this year, recent changes to the Illinois Marriage and Dissolution of Marriage Act (750 ILCS 5) regarding spousal maintenance may prove a hot topic of discussion with your qualified divorce attorney.As of January 1, 2015, couples opting for divorce in Illinois will be subject to new standardized rules for calculating the amount and length of court-ordered spousal support or alimony payments. Although this amendment adds a new legal narrative to the financial responsibility of one spouse to another, currently there are no changes in how the court …
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My husband wants me to agree to his accountant's valuation of the business he started up during our marriage. He says this will save money on attorneys fees and quickly settle our Illinois divorce, should I agree?
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In my Illinois divorce should I use formal discovery or should I rely upon my Spouse's written and oral disclosure of his assets?What Is Formal Discovery in an Illinois Divorce? Formal discovery is done in many Illinois divorces. Illinois divorce law provides for formal discovery in many ways. You are entitled to obtain documents and records from your husband or wife, to have your spouse answer written questions known as interrogatories or have your spouse attend an oral deposition where your attorney can cross examine your spouse outside of court before trial and ask far-reaching questions …
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