Handling debt problems during divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, May 10, 2013. How a family court decides to allocate property and debts depends largely on whether the state is considered a community property state or an equitable distribution state. In community property states, the presumption is that debt is community debt and unless a spouse

Millionaires squabble over child support

On behalf of The Walters Law Group, Ltd. posted in Child Support on Saturday, May 4, 2013. While child custody and support battles are usually fought by those with limited means, even the richest are not immune to negative interactions regarding these subjects. Illinois residents may have heard that a former Goldman Sachs executive is accused of conspiracy in

Seek an experienced Chicago attorney for a prenuptial agreement

On behalf of The Walters Law Group, Ltd. posted in Family Law on Thursday, May 2, 2013. Attaining a prenuptial agreement in Chicago is a prudent decision regardless of wealth or socio-economic status. Pre-marital assets, such as retirement accounts, businesses and inheritances, can be protected via a pre-marital agreement. Though it may be difficult or uncomfortable to bring up

When the wife brings home the bacon in a marriage

On behalf of The Walters Law Group, Ltd. posted in Divorce on Thursday, April 25, 2013. For many of Chicago’s married couples, it is the husband who earns the most income. Accordingly, should a couple split, the husband usually pays alimony in a divorce settlement. However, this is not always the case as research indicates that in a small portion of

Transgender man may appeal divorce ruling

On behalf of The Walters Law Group, Ltd. posted in Family Law on Saturday, April 20, 2013. Illinois residents may have heard about the unusual case of an Arizona man who became famous as the “pregnant man” after giving birth to three children. The man’s attorneys have recently announced that he may seek an appeal following a denial of

Protecting spouses from premarital debt

On behalf of The Walters Law Group, Ltd. posted in Divorce on Thursday, April 11, 2013. Some Chicago residents may wonder whether a prenuptial agreement can help protect a future spouse from debts acquired prior to the marriage. The issue often arises when a person with substantial assets enters into a relationship with a person who has accumulated several

Facebook pictures lead to charges in child support case

On behalf of The Walters Law Group, Ltd. posted in Child Support on Friday, April 5, 2013. Chicago parents responsible for child support payments should be mindful of the pictures they post on Facebook. A Milwaukee man has been hit with felony charges for non-payment of child support after he posted pictures of himself on Facebook holding large amounts

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