Pensions, which must be divided in Illinois divorces, may not be offset by the other spouse's future expected Social Security benefits. The amount of a spouse's future Social Security benefits may not be used to reduce the amount of marital assets that he or she receives in the property division portion of the divorce. This is true even in cases in which one spouse only makes contributions to Social Security while the other contributes to a government pension. Social Security may not be used to … [Read more...]
Archives for May 2017
Options for the Marital Home in Divorce Proceedings
Parties have many options when determining how to divide their marital property, but the ultimate disposition of the property depends on whether they agree to a particular option or the court orders it. Understanding the possible options can help the parties determine what is the best way to handle their home based on their personal financial circumstances. Equitable Distribution Any agreement that the parties reach in their divorce case must be reviewed by the family court judge who … [Read more...]
What is Custody of a Child?
Decisions concerning which parents will have custody of children after a divorce, and the details of those custody arrangements, are determined by the courts. This reality makes it essential for the parents to present the best case possible for the custody status they desire. Child custody lawyers assist in assembling the information needed for the judges to review. Multi-State Custody Issues When parents live in different states, or if one parent moves to a different state during or after … [Read more...]