Author Archives: Law Office of Fedor Kozlov, P.C.
When You Divorce In Illinois, Don’t Overlook These 10 Loose Ends
Divorce in Illinois is rarely a simple process. While most people focus on the major issues—like child custody, spousal support, or dividing the house—there are smaller, overlooked details that can have long-term consequences if ignored. These “loose ends” might not seem critical during the early stages, but they can create unnecessary financial and legal… Read More »
The Property Division Myth That Costs Illinois Spouses Thousands
Understanding The Most Common Misconception In Illinois Property Division Many spouses enter the divorce process believing a long-standing myth that continues to cost Illinois families thousands of dollars: the belief that everything is split 50/50 simply because they are divorcing. I meet clients every week who assume the court has no discretion or that… Read More »
Estate Planning After Divorce: The One Change Every Illinois Parent Must Make Immediately
Why Updating Your Estate Plan After Divorce Is Urgent For Illinois Parents Most Illinois parents conclude a divorce and assume the hardest decisions are behind them. Yet one of the most important steps often remains undone long after the divorce decree is entered. When a marriage ends, key parts of your estate plan, your… Read More »
How Divorce Impacts Your Credit Score And What You Can Do About It
Divorce is more than a legal separation. It is a financial separation too, and if not handled carefully, it can leave a lasting impact on your credit score. Many people assume that once a divorce is finalized, their financial ties to their ex are completely severed. That’s not always the case. Credit reporting agencies… Read More »
10 Financial Documents You Should Gather Before Talking To A Divorce Lawyer
Preparing for divorce isn’t just an emotional step; it’s also a financial one. Before our first meeting, I encourage my clients to gather specific financial documents. These records help me understand the full scope of your assets, liabilities, income, and expenses. Having these documents upfront allows me to evaluate your situation clearly and offer… Read More »
What Happens When One Spouse Controls All The Money In An Illinois Divorce?
The Challenges Of A Divorce When One Spouse Controls Finances In many marriages, one spouse manages finances while the other may lack full understanding or access to the family’s financial situation. When a relationship ends, this imbalance can become a major issue in divorce. If you face this, know your rights under Illinois law…. Read More »
The Debt Issue That Can Blow Up An Illinois Divorce Settlement
Understanding How Debt Problems Can Derail An Illinois Divorce Financial conflict is one of the most difficult parts of divorce, and debt issues often cause more disruption than people expect. Many clients assume that dividing property is the main challenge, only to discover that dividing debt can be far more complicated. When debt is… Read More »
Business Buyout Options and Protecting Ongoing Operations During an Illinois Divorce
As a divorce attorney in Schaumburg, I regularly work with business owners who feel overwhelmed when divorce threatens the stability of the company they worked hard to build. A business is often the most valuable asset in a marital estate, and its future can be directly affected by property division under Illinois law. When… Read More »
Business Valuation Methods Used By Illinois Courts
When a business becomes part of a divorce case, the financial stakes immediately rise. As a divorce attorney in Schaumburg, I regularly assist clients who either own a business or are married to someone who does. Business valuation is one of the most important steps in determining a fair division of property. Illinois follows… Read More »
Difference Between Decision-Making And Parenting Time
At the Law Office of Fedor Kozlov, we meet many parents who are confused about how Illinois courts divide responsibilities after a separation. The shift in terminology from “custody” to “allocation of parental responsibilities” has caused even more uncertainty. Many parents assume that whoever has the children more often automatically makes the major decisions,… Read More »