Author Archives: Law Office of Fedor Kozlov, P.C.
Is Uncontested Divorce A Better Option For Couples Seeking Separation?
Divorce can be a painstaking and difficult period of time for a couple. However, obtaining information pertaining to different approaches to divorce can allow them to make a better decision pertaining to their future. Due to the expenses associated with litigations, many spouses who are looking for a divorce opt for an uncontested divorce…. Read More »
Equity Division in a Divorce
From child custody to alimony, there are many aspects that may require consideration when a couple is going through an overwhelming and emotionally distressing divorce. One of the critical parts of a divorce is division of marital equity under the Illinois Marriage and Dissolution of Marriage Act. However, it can be extremely challenging to… Read More »
Divorce Tax Implications
Divorce can be an extremely depressing and crucial moment in one’s life. There are many emotional and financial factors that must be given consideration in order to complete a separation process. In these difficult circumstances, individuals most often overlook the tax implications of a divorce. Internal Revenue Service has devised a comprehensive guide on… Read More »
Business Division in a Divorce
Many businesspeople presume that they are the sole owners of their business and assets, however, the law may think otherwise in case of a divorce between couples. It is evident by a controversial divorce case in 2016, Rupert Murdoch paid her wife Anna Murdoch a gigantic amount of $1,700 million in divorce settlement. In… Read More »
What is the Impact of Prenuptial Agreements on Child Support?
Marriage is a beautiful institution which has existed over thousands of years in various forms, uniting two people in both body and spirit. Marriage ceremonies often involve declarations of eternal love and companionship. But unfortunately, not all marriages last forever. Keeping in mind the constantly increasing divorce rate, many couples tend to sign a… Read More »
What is a Contested Divorce?
Dealing with a divorce is not an easy task as it takes a heavy toll on the couple and their families. However, you may be faced with this unfortunate situation, so it is best to deal with it in a logical and rational manner. In a no-fault state such as Illinois, the law does… Read More »
Understanding Parenting Time
Divorce takes a heavy toll on everyone who is involved but children are the ones who are the most affected by it. Incapable of choosing between their parents, the children face severe emotional distress. Keeping the best interests of the child, the court generally gives custody of the child to one parent. But in… Read More »
Property Division in a Divorce
After child custody, property division is the second most common issues which is a major bone of contention between couples undergoing divorce. Most states practice a community property system where all the assets and debts of the couple are divided equally regardless of each spouses’ individual share of those assets or debts. Although in… Read More »
Child Custody in Illinois
One of the major issues that arise after a married couple decides to part ways is custody of their children. In most cases, both parents do not want to give custody to the other spouse. Thousands of couples reach out to the courts everywhere to resolve the conflict around child custody. This whole charade… Read More »
Spousal Maintenance in a High Net Worth Divorce
Divorces are not something that couples anticipate, but sometimes it is necessary in order to end a dysfunctional relationship in a cordial and legal manner. There are multiple issues that are discussed and decided during the course of a divorce such as asset division and child custody. According to experienced divorce lawyers, one of… Read More »