On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, August 2, 2013. Gay couples throughout Illinois who took advantage of their right to enter a civil union have gained another victory. Amazingly, this victory comes in the form of a law passed hundreds of miles away. While gaining the right to gay marriage and civil
Tag: Divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, July 26, 2013. As of 2011, Chicago’s divorce rate stood at 7.4 percent for men and 10.2 percent for women. As a result, some residents interested in getting married in the near future — or perhaps those who have been married and are now considering divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, July 24, 2013. In a recent “Fox and Friends” television segment, a noted legal analyst stated that two groups of people are considered to be the most likely to avail themselves of pre-nuptial agreements: those who marry for the second time and those who marry later
On behalf of The Walters Law Group, Ltd. posted in Divorce on Thursday, July 11, 2013. When a couple files for divorce in Illinois, a common practice that often occurs is for one spouse to sign off on a deed to a house and transfer it to the spouse still living in the home. Although this transfer of property
On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, July 9, 2013. Illinois residents may be aware that new alimony legislation is being considered in several states. The proposal is centered on lessening the burden of permanent spousal support after separation of divorce. Several states have already adopted the reform, and it includes specific amount of
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, July 5, 2013. For many Chicago couples, arriving at an amicable divorce settlement largely comes down to the division of marital assets. When it comes to assets such as stock portfolios, real estate and art collections, assigning a monetary value is not difficult. Credit card reward program points
On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, July 2, 2013. Whether an Illinois individual has a wealthy spouse or not, it is important to prepare for intense legal battles with a possible spouse-turned-asset-bully. Many high-powered personality types don’t care about the money. They want to win – at all costs. It’s a game
On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, June 28, 2013. Chicago couples who are seriously considering the dissolution of their marriage may be interested to learn that, in some cases, a fair settlement may not always make everyone happy. According to one woman, she discovered that agreeing to pay her ex-husband maintenance during
On behalf of The Walters Law Group, Ltd. posted in Divorce on Monday, June 17, 2013. Understanding the difference between marital and non-marital property is crucial to determining the best individual course of action in a divorce. As an equitable distribution state, Illinois courts distribute all marital property equitably, or fairly, although not necessarily equally. Most property acquired during the
On behalf of The Walters Law Group, Ltd. posted in Child Custody on Thursday, June 13, 2013. The Bureau of Labor Statistics reports that about 70.5 percent of moms work outside the home. Additionally, 30 percent of working women make more money each year than their husbands. This change in gender roles has also resulted in a change in
