Child Support
At the moment an Illinois divorce is registered, the final court documents capture a moment in time. A moment where both parties are unmarried…but they won’t be for long. People who get divorced usually get married again. A remarriage means…
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Trust funds are way to set aside money for a specific purpose. Trusts are especially useful for applying money for the benefit of someone who cannot manage the money themselves such as a child. A trust is “an equitable or…
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When a parent goes away it’s sad for everyone but when a parent is literally locked up and inaccessible to their children and unable to provide for their children, it’s a tragedy. But, just because someone is in jail and…
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Most of people’s understanding of divorce comes from television and movies…which are made in California. Therefore, we often parrot back Californian law that has little to no impact in states such as Illinois. One Californian legal concept is that the…
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Things change when people get divorced. Whether it is the stress of a divorce or the conniving strategy, incomes seems to plummet during the divorce process. In Illinois, income is what determines maintenance (formerly known as alimony) and child support.…
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There are so many ways to save for retirement that it feels like you have to be a financial expert to understand the various retirement accounts available and their respective tax advantages. In reality, most retirement plans in the United…
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Getting paid for working is nice. But getting paid over and over again for work that’s already been done is even better. The problem with a lot of work is that the creator and their investors/distributors have no idea what…
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Divorce law is funny in Illinois. We say “dissolution of marriage” instead of “divorce,” we say “maintenance” instead of “alimony,” and we say “body attachment” instead of “an order for arrest.” A body attachment is a big deal! A body…
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“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett. Lots of people have followed Warren Buffet’s advice by saving and investing so their money can earn them an independent income one day. These investments generate…
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A marriage with a homemaker is often a symbiotic relationship where everyone is happier for it…until they’re not. After a divorce, there can be no further cooperation. The homemaker either has to get a job, request alimony, child support and/or…
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