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prenuptial agreement

What Can Be Included in A Prenuptial Agreement?

Not only is the divorce rate going up these days, but the rate at which couples are signing a prenuptial agreement has also been on the rise. Although it has long been perceived as a measure to protect the wealthy from gold diggers, spouses of a wider range of incomes are now signing prenuptial agreements

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How Does Divorce Affect Your Credit Rating

How Does Divorce Affect Your Credit Rating?

Divorce does not directly affect your credit rating. There’s no factor for divorce or marital status when calculating credit, but divorce does cause a lot of upheaval, specifically to your finances. As if the stress of ending a marriage wasn’t bad enough, the impact of the financial strain that tends to result can hurt your

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Dividing Property That Is in A Trust During Divorce

Dividing Property That Is in A Trust During Divorce

Any property acquired during the marriage is generally considered marital property – meaning both parties have an equal claim on the property – but that’s not always the case with trusts. A trust is a piece of property that is managed by a trustee for a beneficiary. The piece of property funding the trust can

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Common Mistakes People Make During Divorce

Common Mistakes People Make During Divorce

We all make mistakes, especially when we’re stressed and feeling emotional. Few things are more stressful or more emotional than divorce, but that’s also when it’s most important to refrain from making any mistakes. When litigating and/or settling divorce, it’s nothing less than our lives at stake. In addition to financial assets and alimony, any

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do-it-yourself divorce

Understanding Why A Do-It-Yourself Divorce Is Dangerous

There are some projects where it might be practical to DIY – divorce is not one of those projects. As wonderful as the internet is, it does not, in fact, contain all the answers. Conducting an internet search of the marriage laws in your state does not give you an idea of how those marriage

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Dividing Pension and Retirement Benefits During Divorce

Dividing Pension and Retirement Benefits During Divorce

When considering what they’re entitled to in a divorce, most people think of dividing up the bank accounts and the property. Few of them think of the pension, 401k, or other retirement plan, but they should. In most states (depending on the relevant marriage law) all pension money earned during the marriage is considered an

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adopting my stepchild

What Is Involved In Adopting My Stepchild?

For the most part, adopting a stepchild is much like adopting any other child. In fact, sometimes the process can be expedited since the child and your spouse are related. But the biggest difference between adopting a stepchild and any other adoption can often be the biggest hurdle to overcome: you need permission from the

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Divorcing An Absent Spouse

Divorcing An Absent Spouse

It can be hard enough to come to an agreement with your spouse that it’s time to end the marriage, but what if your spouse skipped town, and you have no idea where they might be? If you’re ready to move on with your life after that marriage, but can’t find your spouse, you can

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Need Help With Fees For Summer Camps And Activities?

It is that time of year – time to sign the kids up for the summer camps and activities to keep them busy while they are out of school. But if you are dealing with an ex-spouse, this can be difficult. Learn more from Barbara Sherer here. If you are the parent receiving child support, and

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temporary support

How Do I Get Temporary Support Until My Divorce Is Final?

Divorce agreements commonly include orders for alimony and/or child support, but the divorce process can take months, or even years, to complete. So what do you do if you can’t wait that long to pay your bills? Fortunately, you can file a petition for temporary relief. Once the court receives the proper form (which varies,

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Child Support Changes In Illinois

Child Support Changes In Illinois

In the past, when a couple with children got divorced, one parent (the non-custodial parent) would be made to pay child support to the custodial parent. But in 2016, Illinois changed its divorce law to exclude titles like “custodial” and “non-custodial.” Instead there is only “parental responsibilities” and also “parenting time,” which get divvied up

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Divorcing Couples

What Divorcing Couples Should Know About A Jointly-Owned Business

In 2007, the Census Bureau estimated that approximately 3.7 million businesses were co-owned by spouses, and as more people start their own businesses, that number has likely only gone up. That’s great if couples can successfully work together, but what if you get divorced? Can the business survive? Do one or both of you need

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