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September 2012 Archives

Divorce settlement teaches lessons about marital asset division

High net worth divorce cases can be difficult and complex, especially when it comes to dividing up and protecting marital assets. The hope is that everything will be divided up in a way that is fair to both spouses.

How child support could affect obtaining a car loan

There are plenty of divorced parents in Illinois who are making or receiving child support payments. And while most understand these payments are intended to go toward cost of living expenses -- like food, shelter and clothing -- many are shocked to learn that either paying or receiving child support can have an effect on how lenders view their financial risk situation.

Many dads awarded primary child custody

It used to be that a mother was automatically granted custody of the children. However, in recent years there has been a shift as both parents are being given more of a fair shot when it comes to obtaining primary custody of their children. This in turn has resulted in many more fathers being awarded sole physical custody.

Study: Doubts before wedding can lead to divorce

There are plenty of Illinois couples who have the pre-wedding jitters before walking down the aisle. And while in some cases this could just be nerves about the actual life change, for others it is doubts about whether or not they are even making the right decision on getting married.

Take care of insurance plans after divorce

When two people get married it's normal to start combining insurance plans. In many marriages this means one spouse is in charge of the health insurance, car insurance and home insurance, with the other spouse's name simply added to the policies. But then what happens when there is a divorce? Who is in charge of splitting up the plans and what are the possible repercussions?

Postnuptial agreements can take the hassle out of divorce

Divorce can get messy. There's dividing up property, figuring out child custody and visitation schedules and coming to some sort of agreement on just how any marital debt should be taken care of. Without having an agreement beforehand on what to do in the case of a divorce, these issues can end up being drawn out in court with each spouse racking up litigation costs.

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