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Joliet IL Divorce Law Blog

Child support modification may be possible for Illinois residents

Illinois parents, like parents all across America, want to provide for their children as best as they can. However, divorce can make providing for them more difficult. Child support agreements are supposed to ensure that custodial parents are able to financially support their children. Unfortunately, parents who must pay the support can, at times, have difficulty doing so.

The term "deadbeat dad" has become a negative phrase often associated with fathers who do not pay child support. However, some individuals may be too quick to judge parties who are in this situation. Because child support amounts are often decided in court, some parties may wish to make their payments but are unable to do so because of their limited incomes.

High net worth divorce may be complicated for Illinois residents

Some Illinois residents may have been lucky enough to amass a considerable amount of wealth in their lifetime. Though being financially secure can make a person feel at ease, significant amounts of money and assets can sometimes complicate a divorce process. High net worth divorce can lead to each party wanting his or her share, and in some cases, the individuals may not always be considering aspects correctly.

In order to avoid not fully understanding the value of property, some individuals may wish to have their assets appraised. Separating couples may wish to agree on a knowledgeable third party who can accurately give an approximate value of property. By better understanding the value, each party may have a better idea of which assets he or she truly wants to maintain ownership.

Order of protection may help Illinois victims of domestic battery

Many Illinois residents may be fortunate to have a caring and loving family. Sadly, not all residents are so lucky and may be the victims of domestic battery. These situations can be difficult to escape, but there is help available for individuals how may be in need of orders of protection. Seeking help may be the first step in removing yourself from a dangerous situation.

Some parties may have some knowledge about restraining orders, but there are certain situations that could warrant an emergency order of protection. These orders can be effective immediately, and the other party involved does not have to be informed before the order can be put in place. However, the other party may be able to contest the order later.

Cohabitation could lead to alimony termination in Illinois

For many Illinois residents who have gone through divorce, there may continue to be a few points of contention that lead to negative feelings. Alimony, or spousal support, can often be one of the topics that many parties feel negatively about, especially for the individual that must make the payments. Though alimony may be helpful to parties who may not have been a part of the workforce or have other extenuating circumstances, there may be situations in which alimony reduction or elimination may seem fit.

Some parties may believe that alimony should be affected when a party begins living with another individual. Because cohabitating with another person may mean more income for the household, the need for support payments may be reduced. If support payments are still being made, the individual making the payments may essentially be providing income for the party that the recipient is living with as well.

Child custody and co-parenting could concern Illinois parents

Many Illinois residents know that divorce can have an emotional impact on the parties involved, including children. In numerous cases, children may be the ones most affected by their parents' divorce and the outcomes of child custody agreements. In order to potentially lessen the negative effects that could stem from a separation, parents may want to consider shared custody and possible co-parenting.

A recent report noted that children who are raised by only one parent make up considerable percentages of negative statistics, including 63 percent of teenagers who have committed suicide. Statistics such as these could possibly point to the need for children to have both parents in their lives. As a result, some parties may consider shared custody a step toward ensuring that children have active participation in their lives from both parents.

Retirement funds could play role in Illinois high asset divorce

Many Illinois residents who have spent their lives working are likely looking forward to the time when they can retire. If so, they have possibly saved up a considerable amount of money in retirement funds. What individuals should be aware of, especially in the case of a high asset divorce, is that those funds could potentially be split in the event of a marital separation.

Many parties may not think of retirement accounts when they are trying to determine what aspects could be up for property division. As a result, some individuals may miss out on money that could potentially have been divided during the divorce process. Of course, different types of retirement funds may fall under the governance of different laws, and spouses may want to understand how their situation could be affected.

Illinois parents may be concerned about parental relocations

When Illinois couples go through divorce, many changes may affect them as well as their children. Because individuals typically begin living in different houses after a separation, parental relocations could become an issue. If a parent feels the need to move to a different area, child custody agreements may have to be made or re-examined due to that particular condition.

It was recently reported that children in higher-income families appear to be most affected after their parents' divorce than children in middle- and lower-income families. Because children may have grown up with a certain amount of privilege, the financial impact of divorce could affect them as much as the adults involved. A household may go from having two income sources to only one, or if it was a one-income household to begin with, one parent may become heavily reliant on child support.

Alimony may be a concern for Illinois residents

As any Illinois resident who has gone through divorce knows, coming to agreements regarding the various separation aspects can be difficult. For many divorcing individuals, alimony can be a considerable point of contention. Even if payment plans are initially set after the separation, changes in income and lifestyle could potentially lead to individuals requesting alimony modifications. Because there is no set way to determine what amount to which a party may be entitled, cases of spousal support can vary.

Many states across the country have been contemplating the issue of alimony reform, and some states have even reworked the way payment amount and duration is determined. As of now, many cases in various states may have similar circumstances but vastly different outcomes, depending on what a court system in the area may deem appropriate. It has been suggested that perhaps a standard formula for calculating alimony should be implemented.

Financial knowledge may help during Illinois high asset divorce

Finances are often a major aspect of an Illinois resident’s adult life no matter what particular stage they are in. The financial aspect can also play a considerable role in high asset divorce cases. Such situations can lead to individuals needing to figure out how to handle their money before, during and after divorce, especially if the separation leads to them acquiring a considerable amount of money.

First of all, it is important for all the financial information to be brought forward during the separation so that the correct decisions can be made. This may mean gathering bank statements, account information and any records of debts that one or both parties may be responsible for. Having knowledge of finances may also mean understanding the value of certain property.

Child custody could be affected by kids' opinions in Illinois

After parents have gone through the divorce process, child custody arrangements have likely been made. These agreements typically provide for the children to live the majority of their time with one parent, with fewer days spent with the other parent. Once child custody agreements are made, they may stay the same for some time, but modifications could come about if circumstances change.

For some Illinois parents, they may be hurt and dismayed if their child comes to them and expresses a desire to live with the other parent. It may be difficult for parents to understand why a child would want a change, and their ideas may jump to the worst conclusions. If the other parent’s house has less rules, they may fear that their child will become less disciplined and start getting into trouble. However, the want of change could also be due to a lack of emotional connection with one parent or the other.