Many people may not realize that Illinois no longer has the word “alimony” on its books. Instead, laws refer to it as either spousal support or maintenance. No matter the name, however, it all refers to the same thing: court-ordered payments made by one spouse to...
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Month: August 2014
Illinois child support payments agency sees record-breaking year
When two people have a child together, they commit themselves to care for the young one. It may be the case that one parent will end up taking custody, and the other will have a financial responsibility to support the child. In Illinois, it is common for parents to...
Report: Women increasingly asking for postnuptial agreements
No matter what the circumstances are, going through a divorce can be a lengthy and emotional process. In order to try to simplify the matter, many couples in Illinois choose to enter into a prenuptial agreement, which outlines how marital property should be divided...
Chicago billionaire and wife begin property division process
Accumulating property during marriage typically means that upon divorce, those assets will be divided. For some Illinois couples, that could lead to complex divorce issues. In addition to cash and retirement funds, other property such as business valuations and stock...