For most parents, Illinois child support comes from a formula. The court takes both parents’ incomes, applies the Illinois state schedule, and produces a number. However, when parents earn well above average, that formula stops. The schedule only reaches so far, and above it a judge can decide what the child support number should be.
Continue Reading »Most Illinois divorce clients learn about financial disclosure the wrong way. They are handed a form called the Financial Affidavit, told to fill it out within 30 days of their first appearance, and led to believe that disclosure is something they do, like a procedural step on a list. By the time they realize disclosure
Continue Reading »An Illinois postnuptial agreement for a business owner settles one question in advance: if the marriage ends, what happens to the business? Today that answer is spread across several documents that do not account for each other. These include the Illinois property-division statute, the operating agreement, the estate plan, and the equity grants. A postnuptial
Continue Reading »When two people with substantial assets decide to marry, a prenuptial agreement is one of the most thoughtful conversations they can have together. It is a chance to talk openly about money, about the life you are building, and about how each of you wants to protect the other. For high-income and high net worth
Continue Reading »When divorce becomes a real possibility, protecting your finances feels urgent. The impulse to move money, close accounts, or shield assets is understandable. In Illinois, acting on that impulse before you file, even with good intentions, can damage attempts for settlement and your credibility with the court. Illinois law does not wait for a divorce
Continue Reading »You are watching marital money disappear during your divorce, and you need to know whether Illinois law can do anything about it. In Illinois, when a spouse spends marital funds for their own benefit while the marriage is breaking down, it is called dissipation. Courts take it seriously, and it can directly affect how the
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