How are Retirement & Investment Accounts Divided in an Illinois Divorce?
You work hard for your money, and you’ve planned meticulously for your future, including your retirement. Unfortunately, a divorce can throw a wrench into those plans. However, with an experienced Barrington divorce attorney on your side, your divorce doesn’t have to derail your life goals. The first step towards protecting your retirement and investment accounts…
Read MoreChild Custody in Illinois: Can I Move Out of State?
Your child custody agreement was probably created when tensions were high and your divorce was imminent. As the dust settles after a divorce, however, your lives will inevitably change. Sometimes those changes mean moving out of the state to get a better job, find happiness with another partner, or simply to start fresh. But what…
Read MoreCalculating Child Support: A Brief Overview
Child support in Illinois is now determined primarily on the income of both parents. In addition to income, the statutory calculations also require the court to consider the number of children each party has and the amount of parenting time (counted by overnights) each party has with their children on an annual basis. Under the…
Read MoreHow Are 529, UTMA, and UGMA Accounts Handled in an Illinois Divorce?
During an Illinois divorce, all of the assets and debts that a married couple has acquired must be equitably divided. “Equitably” does not necessarily mean equally; rather, it means that the property must be divided between the spouses in a fair manner. All property that a married couple has acquired from the date of the…
Read MoreChild Support in Illinois: Can a Parent be Ordered to Pay College Expenses?
It is well known that the parents of young children are obligated to take care of them—physically, emotionally, and financially. When parents separate or divorce, Illinois law requires that the children remain supported, generally until they reach 18 years of age or graduate from high school. However, in some cases, a parent may also be…
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