Any engaged couple with personal assets or business assets should take the time to fully understand the benefits of Illinois prenuptial agreements. Divorce can bring about hard feelings, animosity, and spitefulness. The most basic prenuptial agreement will simply list all premarital assets that remain with each person if they divorce. By minimizing the potential points of contention and areas of possible dispute in a divorce, prenuptial agreements help maintain healthy communication and civility … [Read more...]
Archives for January 2017
Income Shares: New Child Support Laws for 2017
Effective July 1, 2017, the Illinois Legislature will change the formula used to determine child support. The current “Percentage of Income” formula will be changed to an “Income Shares” formula. For Illinois parents who pay child support, divorce attorneys in Illinois can explain the differences between the two formulas and how they impact child support payments. Changes in Child Support Calculations Under the current "Percentage of Income" law, child support is based on the net income of … [Read more...]