Category Archives: Family Law

b2ap3_thumbnail_shutterstock_141473581.jpgRead your divorce agreement. 

 
That's right - thoroughly completely and more than once, read your own divorce agreement. It is the future roadmap of your life after your divorce. The more money you have the more important it is for you personally to read each and every page of your divorce agreement. Don’t rely on some else, even your attorney.
 
Simple as that seems many couples go through a divorce without actually reading each and every page and each and every paragraph of their divorce agreement. 
 
We recently represented a Hinsdale Illinois couple who had been divorced for several years. The Wife was to receive maintenance plus a percentage of the Husband’s income from all sources.
 
Over the years since the divorce the Husband had not earned bonuses but instead his employer gave him stock options. His claim was that the stock options were his nonmarital property earned after the divorce and should not be counted as additional income. 
 
Our client’s first lawyer told her she had no case. When she came to us we carefully analyzed her case and determined that her first lawyer was wrong.  She had a very provable claim for stock options as a form of income and thereby substantial additional maintenance for her. 
 
We successfully argued in DuPage County divorce court on the behalf of our client, the ex-wife, that her ex- Husband’s stock options were additional income and should be considered party of her divorce settlement. The result: our client receiving hundreds of thousands of dollars of extra maintenance from the stock options. 
 
The take away: her ex-husband had never read his own divorce settlement agreement. He relied upon his lawyers to explain it to him. He never asked any of the right questions and didn't really find out what he had agreed to until his ex-wife brought him into Court seeking additional maintenance from his stock options.
 
Hinsdale Illinois divorcing couples are particularly prone to having complex financial issues arise including stock options as well as those dealing with life insurance, trusts, and the protections offered children by way of educational trusts. At Hinsdalelawyers.com we are familiar with the complications that arise when our Hinsdale neighbors divorce. 
 
We work closely with our forensic accountants to find assets and value them properly. We create settlement agreements that cover all the bases for complex and High asset divorces. 
 
By the way we insist that each of our clients read their divorce agreement themselves.

Illinois family law attorneyThe dead beat dad has a negative connotation throughout society. The cliche mental picture of the full-grown man who, after a single night or even years of fun, impregnates a woman and walks away, out of both the lives of the mother and the future child. The legal system spends obscene amounts of money annually tracking these individuals, many times to no avail. While there are men out there hiding from their responsibilities, there are many others who do everything possible to become a part of their child's life. Sometimes, people jump through hoops to have a legal connection with their children while mothers intentionally thwart every effort. Establishing paternity has numerous legal and emotional benefits to consider.

Paternity Ensures the Child’s Rights to Benefits

Without having established paternity, a child will not necessarily be able to utilize significant benefits to which they would be entitled via the father. Benefits not only include the financial benefits but others as well, such as:

...
Continue reading

Illinois custody lawyer, Illinois family attorneyThe adage that it “takes a village to raise a child” is making a comeback with limitations. Children learn an enormous amount of information and behaviors from their parents and guardians, but as they grow, children begin to watch the world around them. The truth is, to become well-rounded and functioning adults, children need guidance from positive adult role models around them. Naturally, the group of most trusted individuals remains within the family. When a couple is married or in a domestic partnership, the children involved often have two family trees. Deep-rooted bonds form, occasionally stronger than even that of the parent-child bond. If the marriage comes to an end resulting in a divorce those ties do not break, nor are they forgotten. However, all-too-often the divorce and child custody battles raise the question of the rights of the other family members for visitation of the child.

The Situation Example

In many single family homes, a marriage dissolution comes about due to irreconcilable differences, basically meaning that there is something detrimental that exists within the union that is irreparable. Most cases result in some agreement either handed down by a judge or determined between two agreeing parties. Consider, however, the situation in which one party is volatile, and the family runs from the home in the dark of the night to avoid negative repercussions. Often restraining orders begin for the safety of the lives involved. If due to the circumstances, a judge determines the parent in which the injunction is against should not have visitation rights to their child, the primary link to that side of the family may be lost. Grandparents and other family members often worry that they may lose legal rights to see the children.

...
Continue reading

Illinois divorce lawyer, Illinois family attorneyDuring the divorce process, a lot is going on. Not only are you dividing up visitation schedules, living arrangements, and possessions, you are coping with your life adjustments. It is easy to see why everyday tasks can slip through the cracks. Between changing addresses, packing boxes, and updating billing information monthly bills often go unnoticed, at no fault of either party. However, there are several reasons why it is imperative that the monthly bills remain paid each month, especially during divorce negotiations.

How Putting Off Payment Impacts the Divorce

Continuing to the pay the bills has some benefits but also has a few downfalls. First and foremost, you want to ensure that you protect your credit report. Good credit is necessary for most things in life now, including getting a job, renting or buying a house, and even getting re-married. To come out of a divorce with poor credit makes a difficult situation worse. However, set up a payment agreement with your ex-spouse about who is responsible for which bills each month. Once you have filed for divorce, anything outside of the marriage is no longer considered marital property, which is not subject to equitable distribution. In the court of law, making payments in “good faith” does not earn you any points with a judge unless there is a binding contract to go along with it.

...
Continue reading

Illinois divorce lawyer, Illinois family law attorneyOne of the very basic tasks to be completed during an Illinois divorce proceeding is for the parties to indicate the assets they have and to either divide these assets amongst themselves or to submit the list of assets to the court and allow the judge to divide the assets . If this duty of asset division falls to the court, the judge will divide the assets in a way that appears to treat both parties fairly. The general idea behind property division is that both parties should obtain a fair share of the property and assets they accumulated during the marriage (there are some important exceptions to this general rule, however).

In a perfect world, even divorcing spouses would treat one another with fairness and respect. As most know, we do not live in a perfect world. Some spouses, in an attempt to gain a larger distribution of the marital estate from the court, will deliberately attempt to hide or misrepresent the amount of assets they hold. The other spouse usually becomes aware of this when the spouse hiding assets files a disclosure or other document listing his or her assets and the innocent spouse notices several “big ticket” items are missing: a house, a collector car, or other similar item. But what can a spouse do if he or she believes the other spouse is hiding assets?

Hiding Assets Is Not a Good Idea

...
Continue reading
address15 North Lincoln Street, Hinsdale, IL 60521
phone (630) 920-8855

address21 North 4th Street, Geneva, IL 60134
phone (331) 588-6611
Our firm handles family law and personal injury matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Burr Ridge, Carol Stream, Darien, Downers Grove, Elmhurst, Geneva, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lombard, Naperville, Oak Park, Oak Brook, Oakbrook Terrace, Clarendon Hills, Oswego, Park Ridge, Roselle, St. Charles, Geneva, Villa Park, Warrenville, Wheaton, Western Springs, LaGrange, Winfield, Woodridge and Yorkville.

Share Your Experience

X