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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.
Parental responsibilities in Illinois go beyond writing a check or picking the child up from school. Unless a parent is prohibited from contacting their child by the court, both parents are responsible for maintaining the health and welfare of during their parenting time with the child. These responsibilities include:
During a divorce, complex issues related to the marital residence often arise. Whether one spouse keeps the house or both spouses decide to sell, it raises financial concerns about marital assets. Many couples consult a divorce attorney to discuss concerns and address legal questions that impact their interest in the house.
Divorcing spouses must take steps to protect their finances and credit early on in the divorce process. The impact of not doing so can last for years after the ink on the divorce decree dries. In order to protect assets, income, and credit, the following are steps that everyone going through a divorce must take. Start with an Asset/Debt Inventory