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Joliet IL Divorce Law Blog

Couples who own a business together encouraged to plan ahead

When people in Illinois get married, it is hard for them to imagine that one day they could each go their separate ways, but the reality is that many marriages end in divorce. Although divorce is never an easy thing to go through, it can be particularly difficult for married couples who jointly own a business.

Depending on how a business is structured from the beginning can determine how it will be split up in the event of a divorce. Typically, assets are split in half if a couple entered into a 50-50 partnership. If that is not the case, one person may be able to buy the other's shares in the company.

Preparing for a high asset divorce in Joliet

The more property you own, the more assets you have acquired, the more liabilities you have agreed to and the more interests you make all mean a more complex property division agreement. A high asset divorce certainly requires the assistance of an experienced divorce attorney.

Finding the right attorney is always the first step. However, there are a few things that you can do to prepare. In order to end the marriage with a settlement that is not only what you want but one that will protect your interests into the future, your attorney needs to be able to see the whole picture.

Wife of basketball star walks away with millions

When couples in Illinois choose to end their marriage, there are a number of different things to consider. If the couple has children, they must sort out child custody and child support matters. In addition, couples must determine how to split their assets. Couples with very valuable assets may find this process more complicated.

Although one would think the divorce between Kobe Bryant and his wife Vanessa would be full of difficulties, it appears the two are swiftly working through the various matters. Vanessa filed for divorce in December, citing irreconcilable differences, and already three homes worth an estimated $18.8 million have been placed in her name.

Illinois man fighting for custody and visitation rights

An Illinois man is fighting his ex-wife for child custody of a three-year-old boy. The only problem is that the man has no legal claim over the boy.

The man is a former assistant attorney general for the state of Illinois. He married his wife in 2009 around the same time she was finalizing the adoption of her now three-year-old son. He planned to adopt the little boy, but did not file the proper paperwork before the couple's marriage fell apart. He is now seeking visitation rights and custody.

Former Illinois doctor in trouble for failing to pay child support

Child support is often a critical part of a divorce, but it can also be the most contentious. Individuals may feel that they are paying too much, while others may think they are receiving too little. Whatever the case may be, it is critical that custodial parents receive the necessary child support so that they can give their children the best life possible.

Recently, a former Illinois resident found himself in trouble with the law after he failed to pay more than $200,000 in child support to his ex-wife while he was living in New Zealand.

Women may see more financial gains after a divorce than men

Many things change over the years, such as hairstyles, clothes, the price of milk and so many other things. Now it appears that divorce is also evolving, and women may be benefitting.

A survey done by the Pew Economic Mobility Project indicates that more women will see financial gains after a divorce in the future. Specifically, 20 percent of women will see a 25 percent increase in their income after they divorce.

Football player in the middle of child custody dispute

Every parent in Illinois and beyond wants what is best for their children, but sometimes there are differing opinions on just what that is. That appears to be the case for one professional football player who is caught in an apparent child custody dispute.

Antonio Brown is a wide receiver for the Pittsburgh Steelers. In addition to being a professional football player, he is also a dad to a four-year-old little boy.

Illinois child support formula may change

Child support payments are often necessary for parents to provide their children with basic necessities. In Illinois, child support is determined through a percentage of income formula, but state officials are looking to change that formula.

The current child support formula dates back to the 1980s. Some say the formula does not take into consideration the changes within families over the last thirty years. Illinois is one of eight states that currently uses the percentage of income formula.

Illinois man failed to pay more than $200,000 in child support

Thanksgiving dinner might not be the day that one would expect to run into problems with the law. For one Illinois resident, turkey wasn't the only thing on his plate.

A 59-year-old man was arrested on Thanksgiving for owing $227,000 in child support payments for his four children. Now faced with six felony counts of failure to pay child support, he must answer the allegations in Waukesha County Circuit Court.

Divorce rate among military personnel on the uprise

Divorce is one of those things that is really hard to categorize. Certainly, there are some people in Joliet for whom divorce is a good thing -- together, the husband and wife decided it was best for them to no longer remain married and a divorce will allow them greater freedom and the chance for a new, more fulfilling relationship. But in the case of military personnel, divorce can be very difficult. When things are already uncertain, as they are when a military member is serving abroad and doesn't know what the next day holds, adding the complication of a divorce can be bad news.

That is why a recent report that found that the rate of divorce among military personnel is at its highest level since 1999 may cause some concern. As we said, in many cases, divorce is a positive thing because it allows both people to move on and perhaps improve their lives. But once again, we want to do everything we can to keep our soldiers safe and satisfied. If a divorce adds distraction or stress to military personnel's lives, that is not a positive development.

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Law Office of Dawn R. Underhill
63 W. Jefferson St.
Suite 101
Joliet, IL 60432

Toll Free: 877-529-3296
Phone: 815-290-0392
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