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May 2019 Archives

Child custody: Mother allegedly said $1 million will help her

Rap music fans in Illinois and throughout the country mourned the death of super star Nipsey Hussle when he was shot outside a clothing store he owned. The rapper/philanthropist was the father of two children, one of whom is the central focus of a contentious child custody battle. The court will soon decide whether the child should be placed under legal guardianship of her paternal aunt or be placed in the custody of her mother.

Discovering hidden assets important in property division

There is no doubt that the end of a marriage is often a difficult time -- sometimes both financially and emotionally. While some couples in Illinois are committed to making the divorce process as seamless and peaceful as possible, there are others who may attempt to hide certain assets during the property division process. As such, many people often turn to the law office of Lois Kulinsky & Associates, Ltd. for guidance.

Property division and retirement accounts

People enter into marriage in Illinois believing that theirs will be the marriage that will last. In about 50% of marriages, that is not the case. Divorce itself can be complex and property division in particular can be very involved. Many divorces are happening between older couples who have accumulated significant assets in their retirement savings accounts.

Property division when an Illinois business is involved

Few people -- even those who may have created a prenuptial agreement -- are ever fully prepared for the emotional and financial ramifications of a divorce. Despite the complications that the end of a marriage can create, often people in Illinois and across the country come to the conclusion that such a path is in their best interests. As such, many turn to the law firm of Lois Kulinsky & Associates, Ltd. for help with the variety of different decisions, including those involving property division, that will ultimately lead to a new, likely happier, and more fulfilling start.

Maintaining a healthy separation between work and divorce

Most people find themselves in situations where they wish that they could put important matters on hold, at least for a short time. It's possible that there is too much too address at once and that it seems everything needs immediate attention. That feeling can be especially common when managing business and a divorce simultaneously.

How is alimony determined?

Sacrifice is a large part of a marriage. Often, for example, one spouse in Illinois will choose to sacrifice his or her career to raise children or financial well-being to support their partner during the launch of a business. Unfortunately, this sacrifice can leave one of the spouses in a bleak financial situation if the relationship ends in divorce. In this circumstance -- and others -- alimony may be appropriate.

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