Author Archives: Law Office of Fedor Kozlov, P.C.
Bankruptcy and Spousal Maintenance: What you Need to Know
Filing for bankruptcy is a major decision that significantly affects the financial affairs of the petitioner. Payment plans are drafted, the automatic stay is issued, creditors are informed of the bankruptcy status, and certain debts are eliminated altogether. However, if you are going through a divorce, you may be confused about what will happen… Read More »
Important Steps to Take After your Divorce has been Finalized
Your divorce has been finally settled. No more legal documentation and paperwork, no more court proceedings, no more contacting your attorney, and no more fighting. However, there are still some important unsettled matters that you must take care of before you can finally breathe a sigh of relief. Here is a list of things… Read More »
Is Property Division through Mediation a Good Idea?
Relationship breakdown and the decision to get a divorce can lead to a series of emotionally distressing events. Not only do you have to cope with the stress and emotions, but also make important decisions regarding division of assets and property. You may have worked hard with your spouse to build a life together,… Read More »
All you Need to Know about 2017 Child Support Law
Governor of Illinois, Bruce Rauner, signed the Public Act 99-0764 into law on August 12, 2016. It changed the way child support is calculated by Illinois family courts. This new law has been put into effect as of July 1, 2017 after which two sections of the IMDMA have been modified, i.e., 750 ILCS… Read More »
Why High Net Worth Divorces Are More Complex
When substantial marital estate is involved, the division of property and divorce process becomes more contentious and complicated, with disputes arising at every single point. It is common for individuals having high value to have significant marital estates, which may include business interests, real estate holding, investments, complex trusts, international assets, and retirement accounts…. Read More »
Factors Influencing the Parenting Time Schedule
Under the Illinois Marriage and Dissolution of Marriage Act (IMDMA), divorcing parents are required to work on a parenting plan where both parties have to mutually agree on all of its aspects. Generally, a parenting plan comprises of a schedule for parenting time (formerly known as visitation), among other things, for taking care of… Read More »
Understanding the Changes to the New Illinois Maintenance Law
Modifications to the Illinois Marriage and Dissolution of Marriage Act in the Sections 504 and 505 have been made that has changed the way maintenance or alimony is calculated in dissolution of marriage. These amendments were put into effect on January 1, 2015, and if you are planning to get a divorce in Illinois,… Read More »
FAQs About Asset and Property Division in Illinois
If you are planning to get divorced, you may have some questions regarding how your property and assets will be divided between you and your spouse. Here we have answered some common questions that most of the clients ask our family law attorneys: Q: How will my property and assets be distributed? A: Illinois… Read More »
Is Collaborative Divorce the Right Choice for you?
At the time of divorce, spouses have two options at their disposal: either to go through the lengthy, costly contested divorce, or work together to settle things through a collaborative divorce. The latter involves both parties to discuss and work out on main issues, such as maintenance, parental responsibilities, property division, custody and others,… Read More »
Factors Affecting Property Division in Illinois
When couples decide to get divorced in Illinois, they have to undergo a long legal process to completely separate them emotionally, physically, and financially. One of the most difficult, often contentious, parts of the process is property division, especially when one or both partners are unwilling to cooperate or compromise to settle the matter…. Read More »