In Illinois, the parent paying child support cannot modify support using the other parent’s increased income as a substantial change in circumstances. While the new support law takes into account the income of both parents, there still needs to be a substantial change in circumstance to ask the court to modify the child support. It
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Finding Hidden Assets in an Illinois Divorce – Top 7 Questions Answered
As high asset divorce attorneys, we regularly field questions about finding hidden assets in an Illinois divorce. When it comes to the breakup of high assets or high net worth couples, this is almost always a concern. The divorce process is supposed to entail full disclosure of assets by each party. In high asset divorces,
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Hidden Assets in Divorce: Show Me the Money!
Dealing with hidden assets in a high-net-worth divorce is not an uncommon challenge. High net worth individuals often have multiple financial accounts, whether it be checking, savings, money market, investment or retirement accounts. Most people who have a lot of money and high net worth don’t simply have their money sitting in one pot –
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Cyber-Spying: Spying on Your Spouse is Easier than Ever
Divorce breeds distrust. In today’s technology-driven society, distrust leads to cyber-spying. No doubt, when you are going through your divorce, there is often a compulsion to see what your spouse is up to. Some want to know if there is cheating and others just want financial information. It is important to know exactly what you
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Overnight Parenting Time for Infants and Toddlers
When it comes to overnight parenting time for an infant, challenges can arise for a noncustodial parent. Infants need to acclimate being away from their primary caregiver. On the surface, immediate overnights may sound logical, but it overlooks a basic need of the very young child which is trust and security that comes from consistent
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What You Need to Know About Your High Asset Divorce
While every divorce is as unique as the couple going through it. each divorce case deals with the same issues. Are there children? Then you’ll need to decide what the parenting schedule will be. Where will your child live? Do you have pensions and other retirement accounts? Then you’ll need to divide those up between
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Calculating Child Support Under the Revised Child Support Statute in Illinois
One of the biggest challenges parents face in Illinois family law cases relates to calculating child support under the revised child support statute. In Illinois family law cases, the child support statute requires income information from both parents in order to calculate support, as well as a parenting time schedule. 3 Challenges in Calculating Child
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