The Affordable Care Act and divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, September 27, 2013. The Affordable Care Act may make it easier for couples in Illinois to decide whether to stay in their marriage or get divorced. Health insurance is often a major factor for adults over 50 years of age. The 115,000 women who lose their private health coverage due to divorce every year would not have to worry about their eligibility after divorce as a result of the ACA. Older women who are not employed or do notContinue reading

Parenting after divorce presents unique challenges

On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, September 24, 2013. Divorced parents living in Chicago often discover that one of the most difficult aspects of managing their post-divorce life is finding successful ways to co-parent their children. While parenting can be a challenging endeavor under even the best of circumstances, parenting after a divorce requires former spouses to take extra steps so that they can avoid putting their children into situations where they feel insecure or unsafe. It is important for divorced parents to refrain from saying negativeContinue reading

Stocks may be sold in Illinois to help pay for divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, September 20, 2013. Is there ever a good time to sell major stocks? Individuals who are in the midst of an expensive divorce may want to consider doing so as did the CEO of Best Buy who sold over $10 million of his company’s stock to pay for divorce proceedings. Such large sales of major stocks often raise eyebrows because they could be signs of insider trading. The Best Buy CEO has been credited with turning around the electronics retailer. TheContinue reading

Man in reduced circumstances jailed for missing alimony

On behalf of The Walters Law Group, Ltd. posted in Family Law on Tuesday, September 17, 2013. A family court judge has ordered that an ex-husband mired in financial difficulties remain confined to a work-release program where he must spend his nights and weekends in jail. In order to secure his release, the man must pay a lump sum of $25,000 toward more than $233,000 of spousal support that he owes his former wife. Jailed at least eight times in the past two years for missing child support payments, the man formerly worked asContinue reading

Blue Cross embroiled in child support payment case

On behalf of The Walters Law Group, Ltd. posted in Child Support on Thursday, September 12, 2013. An Illinois woman has found herself pitted against an unlikely foe in efforts to secure money for her and her children following a divorce. The insurance company Blue Cross and Blue Shield of Illinois has refused to comply with a request from the divorced woman to withhold reimbursements to her husband, a self-employed chiropractor, so that she can receive the child support payments to which she and her children are entitled. Blue Cross has contended that itContinue reading

Chicago fathers’ rights could be leveraged in fake pregnancy scam

On behalf of The Walters Law Group, Ltd. posted in Unmarried Couples on Tuesday, September 10, 2013. In a case that could happen in Chicago or anywhere with trusting friends, a couple bilked everyone around them by claiming that the wife had miscarried twins. The fact was, there would never have been a child custody battle with this alleged mother and father, since the pregnancy was never real in the first place. The duo received money for funeral expenses and other supposed costs due to the nonexistent tragedy. They also received jail time onceContinue reading

Financial planning can assuage common divorce fears

On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, September 6, 2013. Illinois residents weighing the prospect of divorce might harbor reservations about doing so because of fears that they have about what will happen after the process is over with. This is especially true for the spouse who is considered the “out spouse,” or the one who lacks a working relationship with a financial advisor or attorney and is not involved in household finances, including bill-paying and investments. The “in spouse,” on the other hand, has aContinue reading

Child custody, visitation two pieces of difficult divorce puzzle

On behalf of The Walters Law Group, Ltd. posted in Child Custody on Wednesday, September 4, 2013. Divorce is one legal area in Chicago that includes many other sub-specialties such as financial law, real estate, business law and more. A couple dissolving their marriage will need to think about all of these factors, as well as visitation and other issues related to any children whom they share. Courts take special interest in making sure that children in a divorce are kept as safe as possible during and after the legal process. For a custodialContinue reading