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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 most cases, assets of a couple including a business must be divided between spouses. Therefore, many business owners today are concerned about how a business will be divided in such a scenario. How does business division work? D...

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 prenuptial agreement. This agreement includes details regarding how the couple would handle their affairs, divide their assets in case they decide to part ways and file for divorce. But there a...

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 not require you to prove that their spouse was involved in a wrongdoing in order to file a divorce. Simply stating that there were irreconcilable disagreements in the court can make them eligible to get a divorce. What is a Contested Divorce? A contested divorce is a proc...

Father’s Rights in Illinois

Mothers are considered to be one of the most important people in a child’s life. They look after their children and shower them with love and support. There is a unique bond between a mother and her child, which can be unparalleled to any other relationship. However, it is important to recognize the significant role that a father plays in the life of his child. Studies suggest that those children having a father figure who supports and stays involved in their lives are more likely to succeed in life. Furthermore, it also facilitates their...

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 order to ensure that the child is not deprived of the love of both parents, the court assigns parenting time to the non-custodial parent. With the increasing number of divorces and child custody cases, it is imperative for both spouses ...

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 Illinois, the marital property or debts do not have to be divided equally. As an equitable division state, the division of marital assets and debts is carried out in a reasonable manner. Furthermore, under t...

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 not only causes immense distress to the estranged spouses but also to the child who is torn between two parents. This is one of the reasons why most couples decide not to get a divorce in the first place but in most instances divorce is the on...

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 which are discussed and decided during the course of a divorce such as asset division and child custody. According to experienced divorce lawyers, one of the major issues addressed during a divorce is spousal maintenance, which is also referred to as alimony. Alimony is a major concern in high net worth divorces as there is a considerable amount of money involved....

Domestic Violence – Divorce is often the only way out

Domestic violence, a term used to refer to violence or aggressive demeanor towards a person by his or her spouse, is one of the major reasons behind the spike in divorce rates. Although the general perception is that women are the only victims of domestic abuse, recent studies have found that a large number of men are also victims of violent attacks or abuse from their partners. Psychologists have found that violence in domestic situations stems from an irrational urge to establish control and dominance over their partner. How are marriages aff...

Guardianship of a Minor

Guardianship is a legal term which refers to the relationship between a minor and an adult who isn’t his or her legal parent. It may absolve the biological parents of the child from their legal responsibility to cover the financial needs of their child. Guardianship may be established in cases where the parents decide to split ways and neither parent is deemed fit to raise a child. Child custody is one of the most common and major issues faced by people undergoing divorce or estrangement. According to law, both parents are equally respons...

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