Permanent periodic spousal support is often awarded when a couple is married for many years before the divorce and the lesser earning spouse is unable to achieve a lifestyle comparable to the one enjoyed during the marriage. This is often the case when one spouse gives up a career to raise children for many years…Read More
Looking to Retirement Funds to Cover Child Support Arrears
In a divorce settlement agreement a Qualified Domestic Relations Order (QDRO) is a judgement decree or order that allows an alternate payee to receive all or a portion of the benefits payable to a participant in a retirement plan. In other words, if your soon-to-be-ex-spouse has contributed to a 401k or pension during the marriage,…Read More
The Devil is in the Details…Financial Affidavits Matter in Property Division
Divorce can be an exhausting, emotional process. There are many things to consider, particularly in the area of property division. In all contested divorces (and a number of uncontested) divorces, couples are required to complete a financial affidavit formally detailing their income, expenses, assets, debts or liabilities to inform the court in the matter of…Read More
How to modify a divorce settlement in Illinois
Life is full of changes; relationships end and begin, children are born and grow up, salaries increase and decrease. While divorce settlements are meant to be permanent this doesn’t always make sense thanks to all of life’s changes. That’s why under Illinois law it’s possible to have a divorce settlement modified when a substantial change…Read More
