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A New Spouse’s Income After An Illinois Divorce

By Russell Knight | March 7, 2021
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Remarriage and 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 For Children And Divorce In Illinois

By Russell Knight | February 28, 2021
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Trust Funds and Divorce

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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My Child’s Father or Mother Is In Prison. Can They Still Pay Child Support?

By Russell Knight | January 24, 2021
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Incarcerated parents in Illinois

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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Standard Of Living And Maintenance In An Illinois Divorce

By Russell Knight | January 16, 2021
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Standard of Living Enjoyed During The Marriage

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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My Spouse’s Income Reduced During My Illinois Divorce

By Russell Knight | January 9, 2021
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Reduced Income In An Illinois Divorce

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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Deferred Compensation Plans And Divorce In Illinois

By Russell Knight | November 27, 2020
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Illinois Divorce And Deferred Compensation

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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Royalties And Divorce In Illinois

By Russell Knight | November 26, 2020
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Divorce and royalty income in Illinois

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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Body Attachments In An Illinois Divorce Court

By Russell Knight | November 19, 2020
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divorce arrest illinois

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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Interest and Dividend Income In An Illinois Divorce

By Russell Knight | November 14, 2020
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Assets and Income Illinois Divorce

“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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Stay At Home Parents And Homemakers In An Illinois Divorce

By Russell Knight | November 7, 2020
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Homemaker divorce Illinois

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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