Archive, February 2023.

Divorce represents one of the most significant financial transitions a person can go through, and it can be easy to make costly mistakes if you are not careful. During your divorce, you may need to address shared assets, joint debts, child support, spousal support, and other significant financial matters. Making smart decisions during this time is essential for your financial well-being and your post-divorce future. Here are five common financial mistakes to avoid during your DuPage County Divorce.
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When parents get divorced, they must figure out how to handle the allocation of parental responsibilities and parenting time. Some divorcing couples are able to reach an agreement about who will have the child on what days, who will retain the majority of the parenting time, and how important decisions about their child will be made. Other couples are unable to reach an agreement about one or more of these issues, and the court steps in to make a decision on the parents' behalf.
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When spouses with a high net worth divorce, the property division process can be complicated and contentious. There are a number of factors that must be considered in order to ensure that each spouse receives a fair share of marital assets. Identifying, valuing, and dividing property during a high-net-worth divorce can be a difficult task, as there are often a large number of assets to be divided, and many of these assets are complex in nature.
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Divorce mediation is a process during which divorcing spouses discuss unresolved divorce issues and look for mutually-agreeable solutions. It can be used to resolve disputes about child custody, division of assets and debts, spousal maintenance payments, and other issues that come up during a divorce. Mediation can also help divorcing parents communicate better and provide an opportunity to create a workable post-divorce parenting plan. This blog will explain the advantages of mediation for divorcing spouses in Illinois as well as the limitations of mediation as an alternative resolution …
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Prior to 2016, the time a divorced or unmarried parent spent with his or her child was called "visitation." However, courts have since changed the language in the Illinois Marriage and Dissolution of Marriage Act (IMDMA) to refer to this time as "parenting time." In order to ensure that the best interests of the child are served, restrictions on parenting time may be put into place by Illinois courts.
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It can be extremely difficult to know when a marriage is truly over. If a couple has been together for some time, there can be strong feelings and many happy memories that make it hard to break up. Sometimes, a couple gets divorced but then realizes that they still love each other and want to stay together.
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