630-462-9500

After Hour New Client Telephone Number 630-690-6077

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

Wheaton divorce attorneyCan you blame your divorce on where you live? In most cases, the answer is “no;” divorce and place of residence do not usually correlate. However, if you live in Illinois in any of the ten cities listed below, your likelihood of getting divorced may be higher than for those in some of your neighborhood counties.

According to the U.S. Census Bureau’s American Community Survey, the number of divorced people in Illinois is close to 1,000,000 people. Throughout the United States, there are over 28 million people who are divorced. Note that the census defines “divorced” as people whose divorce has been finalized (not including married couples who are separated) and who have not remarried. Illinois is actually one of the states with the lowest divorce rates; at a rate of 9.7%, it falls below the national divorce rate of 10.9%

In Illinois, the city with the highest divorce rate is East Alton, a village in Madison County. The top 10 cities in Illinois with the highest divorce rates are as follows:

...

wheaton asset division lawyerDivorce can be difficult for everyone involved. After you make the decision to divorce, you will want to be sure you will have the financial resources you need after completing the divorce process. During the divorce proceedings, you might be tempted to “rip it off like a Band-Aid” and get things over with as soon as possible. While this may seem like an easy strategy, it will not necessarily benefit you, and making decisions too quickly could result in significant financial difficulties in the future. Below are two important tips to keep in mind as you complete the process of dividing marital assets during your divorce.

Know the Liquidity of Your Assets

Liquid assets are assets that can be easily obtained and assessed, such as bank accounts, retirement funds, 401(k)s, etc. Other types of property, like a home or a car, are called illiquid assets, because while their value may be high, it can be a difficult process to sell that property at its actual cash value.

Marital property may be divided in a way in which one party receives liquid assets, while the other receives illiquid assets. However, for the party who received illiquid assets, such as the house, complications can arise. If the assets are tied up in the value of the house, they may struggle to pay expenses such as utility bills and property taxes. During the process of marital property division, it is important to make sure both parties have liquid assets, or else one party may need to sell their home in order to cover their basic living expenses.

...

Wheaton Child Support Non-Payment LawyerUnder Illinois law, both parents are obligated to financially support their children. As of July 2017, Illinois uses the income shares method of calculating child support. The income shares formula considers the income of both parents to determine the amount of child support that one parent, the obligor, must pay to the other, the recipient.

 If you are the obligor parent, it is important to make your payments in full and on time. If you are unable to adhere to the terms of your court-ordered child support payment plan, speak with an attorney regarding your options. Non-payment of child support carries significant legal ramifications.

Illinois Penalties for Non-Payment of Child Support

When a person fails to make their child support payments in full and on time, the recipient parent may work with the Division of Child Support Services (DCSS), a branch of the Illinois Department of Healthcare and Family Services, to obtain the money owed. This can come in the form of direct wage deductions, seizure of bank accounts, securing the obligor parent’s tax refunds, and even placing a lien on the obligor parent’s property.

...

Post-Divorce Financial SecurityWhen a couple decides that their marriage is no longer healthy, a divorce may be the best option. A divorce can provide a new start and a healthier living situation for yourself and any children involved. However, the divorce process can also be incredibly complicated, particularly when it comes to the division of marital assets such as bank accounts, retirement plans, and investments. To secure your financial security after divorce, the first and most important step you can take is to choose a divorce attorney you can believe in.

Here are three more things to keep in mind to protect your financial security in a divorce.

Avoid Excessive Spending Prior to Divorce

As a couple’s relationship comes to a close, it is entirely common to feel a wide range of emotions. In some cases, the emotions of an impending divorce can prompt reckless spending. According to Illinois state law, when a person spends marital assets for purposes independent of the marriage as the marriage is coming to an inevitable end, this is called dissipation of marital assets. Common forms of dissipation of marital assets include spending money on an affair, intentionally harming shared assets such as a car or family heirlooms, or buying expensive personal items for yourself. Before making any excessive expenditures just before or during the divorce process, speak with an attorney to make sure you understand the impact that such expenditures could have on the division of your marital property.

...

Naperville child custody attorney co-parentingWhen a couple decides that their marriage is no longer functioning, and they need to pursue a divorce, the impact of their separation will extend beyond the two individuals. In fact, the emotional trauma of a divorce is often felt most strongly by the children involved. When children hear that their parents are going to separate, they tend to have a number of thoughts go through their head, ranging from why the divorce is happening to who they will ultimately live with.

Understanding the impact that a divorce can have on a child, most divorcing parents will put the needs of their children at the top of their priority list. Many parents ultimately decide to share parental responsibilities. If you believe that co-parenting is the right option for your family, speak with a family law professional regarding what to expect in this next chapter of your life.

Preparing for Shared Parenting

When a couple makes a decision to put the well-being of their children first, they may be able to agree to equally share in parental rights and responsibilities and work together to make decisions about how their children will be raised. In order to successfully navigate shared parenting, there are a number of challenges you should be prepared for. Some of the most important steps you can take as you embark on this new chapter in parenting include:

...
Dupage county bar association Illinois state bar association American Bar Association Rotary Martindale Hubbell Top 40 Under 40 Best 10 Best 10 DuPage County Bar Association State Badge State Badge Avvo

Contact Us To Schedule A Consultation With An Attorney At Our Firm

Call 630-462-9500 or provide your contact information below and we will get in touch with you:

NOTE: Fields with a * indicate a required field.
*
*
*
Back to Top