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January 2018 Archives

What happens to your marital home in an Illinois divorce?

For many couples heading into a divorce, there are two major points of contention. The first and often most emotional issue will be custody and support of any minor children from the marriage. The second issue, which can also become quite contentious, is how to fairly divide assets between spouses. In cases with a prenuptial agreement, asset division can prove easier. Barring that or an uncontested agreement about how to divide your assets, the courts will make these decisions on your behalf.

Do you need to modify your child custody or support orders?

One of the few constants in life is change. You may have felt like you understood your situation in life and your future trajectory when you went through your divorce. However, now things are different. Perhaps you lost your job and can't seem to find another that pays as well. Or maybe you've just made a change in your career path, deciding to follow your passion over higher pay. Whatever the reason is, there are many circumstances in life that can lead to a change in your earnings.

Shared child custody may have benefits for children

Most families want to do the best they can for their children. A family in which the parents are going through a divorce may struggle to find the right balance for parenting now that the parents live separately. In the past, many child custody agreements tended to be one-sided, with one parent retaining the children most of the time. New evidence about the children of divorced parents is changing custody trends, however. Individuals in Illinois facing divorce may be interested to learn more about the possible benefits of shared custody. 

Divorce tips can help offset financial costs

People expect the emotional sting of a breakup, the heartbreak, the loss of the dream from happily ever after, but what they don't always expect is the financial toll. A divorce can bring fees and unexpected costs as a person moves through it and toward a life on his or her own. People in Illinois may be inspired by reading this list of common recommendations for individuals going through a divorce to help ease the financial cost. 

Failure to pay child support comes with consequences in Illinois

Each parent has a duty to his or her child to help the child thrive and live a healthy lifestyle. When parents divorce, often there is a non-custodial parent -- the parent who has the children less than half of the time. In many cases, that non-custodial parent will be ordered by the court to pay child support in order for the child to have the financial means to live a healthy life. Unfortunately, sometimes, the non-custodial parent fails to pay the support payments. In Illinois, failure to pay child support results in consequences.

Property division: Will divorcees hide in cryptocurrency?

Cryptocurrency is grabbing headlines all across the world as people grapple with trying to understand the new form of currency. Some individuals have pointed out that cryptocurrency is difficult to track and trace, making it a potential stash spot for people trying to hide money from their soon-to-be ex-spouses during the property division portion of a divorce. In Illinois, people who suspect that their ex is trying to hide cash may have to look even more closely to ensure they are getting a fair shake. 

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The Stogsdill Law Firm, P.C.
1776 S. Naperville Road - Building B, Suite 202
Wheaton, IL 60189

Phone: 630-690-6077
Phone: 630-462-9500
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