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Divorce can be emotionally and financially exhausting. Whether a divorce is amicable or contested, it is important to keep a close eye on an individual's finances. The closer the watch, the less likely it is that financial resources will be stretched and drained to the point of bankruptcy. … [Read more...]
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On January 1st, 2016, the State of Illinois made several changes to the Illinois Dissolution of Marriage Act. One of these changes includes the shift from using "custody" in a divorce decree to "parental responsibilities." The altered wording is intended to give both parents equal standing before the court. The intent is the same and the allocation of parental responsibilities determines who will have decision making authority for the minor children … [Read more...]
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When both spouses agree to the terms and conditions surrounding child custody (now referred to as the allocation of parental responsibilities in Illinois), parenting time, the division of property, child support and spousal maintenance in the dissolution of a marriage it is referred to as an amicable divorce. An amicable divorce is almost always uncontested, and since the individuals who are involved in this type of divorce are able to negotiate the terms of their divorce settlement … [Read more...]
