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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Can Maintenance Be Modified Upwards After An Illinois Divorce?

By Russell Knight | September 26, 2020
Alimony upwards Illinois

In Illinois, a divorce court can award one party a monthly payment of maintenance from the other party based upon a showing of need and an ability to pay.  This amount of maintenance (formerly known as alimony) is then set…

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Second Jobs, Overtime And Divorce In Illinois

By Russell Knight | July 5, 2020
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Overtime and 2nd Jobs In An Illinois Divorce

Divorce is financially stressful.  Two incomes used to support one household before the divorce.  After the divorce, one income often supports two households. On top of those household expenses are the divorce attorneys’ fees.  Often the only way to pay…

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Terminating Maintenance After An Illinois Divorce

By Russell Knight | June 10, 2020
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Enough Alimony in Illinois

Maintenance (formerly known as alimony) is a funny thing in Illinois.  If you aren’t awarded maintenance at the finalization of your Illinois divorce, you can never ask for it in the future.  But, if you are receiving maintenance, sooner or…

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Enforcing Alimony In Illinois

By Russell Knight | May 22, 2020
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Recourse for non-payment of alimony in Illinois

At the end of your divorce you’ll receive a final document that says your spouse must pay you X dollars in maintenance (formerly knowns as alimony) every month.  That final divorce decree will be emblazoned with an Illinois divorce judge’s…

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Social Security Disability Insurance and Divorce In Illinois

By Russell Knight | May 11, 2020
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SSDI and divorce in Illinois

In America, almost everyone is expected to work. A person who doesn’t work will have find that their lack of employment has massive implications if they get divorced.  The Illinois family law courts recognize that there is a big difference…

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Bonus Income And Divorce In Illinois

By Russell Knight | April 3, 2020
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divorce in chicago and bonus

Money is a funny thing in an Illinois divorce. In a divorce, money is an asset which can be divisible or not based on whether it is marital.  In a divorce money is also evidence of income which can determine…

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Social Security and Divorce in Chicago, Illinois

By Russell Knight | October 3, 2018
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Social Security Disability Insurance and Divorce

Social Security and divorce have interesting effects on one another in Illinois. Social Security is the United States’ federal government’s system for making regular payments to people if they are disabled and/or elderly. People who are getting divorced and also…

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In Chicago, Illinois, How Do I Live In The Same House As My Spouse During My Divorce?

By Russell Knight | February 3, 2018
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Living with someone else isn’t easy.  Living with someone who you are divorcing is even harder.  How do you live in the same house as your spouse during an Illinois divorce? My divorce clients first questions are usually, “should I…

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My Husband or Wife is supported by their parents. Does that affect my maintenance or child support in my Chicago divorce?

By Russell Knight | December 30, 2017
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Parental support

Often, during the pendency of a divorce the couple find themselves supporting two households and trying to maintain the standard of living for both of the households while having just one income.  In the absence of assets to live off,…

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