On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, June 11, 2013. When it comes to marriage in Illinois, many couples fail to discuss entering into a pre-marital agreement. In many instances, people believe that a prenuptial agreement is not needed as discussing such an agreement signals an uncertainty about the upcoming nuptials. No couple
Tag: Divorce
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, June 5, 2013. Discussing prenups with a future spouse can be particularly difficult. A prenup is a contract that divides assets in the event of a divorce, and most couples simply do not want to converse with their loved one about what would happen if their marriage
On behalf of The Walters Law Group, Ltd. posted in Divorce on Monday, June 3, 2013. Divorce can be a complicated process. Some Illinois residents may be interested to learn of a few ways that spouses contemplating divorce may be able to help make the process simpler. The first step is to set anger or hard feelings aside during
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
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
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
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
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
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
On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, April 3, 2013. Simply getting a divorce has no impact on the credit ratings of Illinois residents, but financial changes associated with splitting up a marriage can lead to lowering an individual’s credit score. This is why people who are considering a divorce should be proactive about tracking
