847.873.6741
Recent Blog Posts
The Impact of Divorce on Retirement Benefits
One event that has reverberating and long-term effects on an individual's ability to implement and maintain a viable plan for retirement is divorce. Divorce is one of the single most financially damaging events a person may experience. In order to mitigate the negative consequences, one needs to understand how retirement benefits fit within the division of property generally and the specific rules that govern how Courts may treat these benefits. Dividing retirement benefits is frequently much more complicated than other assets because of the numerous laws and regulations that control when and how they may be transferred and accessed.
Property Division Generally
Illinois, like many other states, follows a standard for dividing property in divorce called equitable division. This standard requires all marital property to be distributed according to what is most fair under the circumstances. Hence, not all divorces will result in an equal split of assets and liabilities.
The Important Decision of Where to File for Divorce
Many considerations go into the decision to get divorced; family, finances and personal happiness are important drivers. Making this momentous decision often feels like the hardest part of the process; however, deciding to divorce is just the first of many decisions couples must make as they transition to single adulthood.
One of the earliest and most important decisions in the divorce process is where to file the case. For many couples, this issue is not terribly complicated if both parties live in close proximity. Yet knowing where to file is not so straightforward for those who live in different states or in different parts of the same state.
One example of how contested this issue can become is seen in the highly contested divorce case of former House Representative Jesse Jackson, Jr., who is in the middle of a months-long battle with his wife, former Chicago Alderman Sandi Jackson, over whether the divorce should be granted in Illinois or Washington, D.C.
Digital Snooping in Divorce
People keep much of their personal and sensitive information online and often share accounts and passwords with partners and spouses. Sharing access tends to be more efficient for keeping up-to-date on personal and financial matters, but can become a point of concern if divorce or separation enter the picture. Because so much of one's life exists exclusively in the digital realm, spouses getting divorced could use this knowledge to search for damaging information against the legal position of the other side.
Misconduct, evidence of infidelity or financial waste/theft are the primary concerns of spouses in the divorce process. Hiding such activity is distinctly more difficult in the transparent world of today. However, while the temptation to delve into the digital accounts of a spouse may exist, the ramifications of this choice, both legal and relational, should be taken into account so decisions are not later regretted.
Distributing the Costs of Divorce
Financially, divorce can be expensive. Hence, the cost can deter some spouses from pursuing the dissolution of marriage. Various costs associated with divorce are unavoidable, but generally, choosing a process other than litigation to accomplish the dissolution of the marriage can greatly reduce the overall financial outlay. Such financial considerations may be of high importance if there is significant concern over maintaining financial stability after divorce.
Mediation and collaborative divorce give spouses more control over what expenses are incurred, and more easily allow couples to share costs. These options also give the parties more control over the outcome. Further, if a divorce is uncontested, i.e., all relevant issues are settled, the costs are relatively minimal. However, the more traditional route to divorce through litigation is sometimes necessary if the parties want very different outcomes, or if concerns over misconduct/misrepresentation are present.
The Importance of Establishing Paternity for Young Parents
Paternity is a process unmarried men must go through to gain legal recognition as a child's parent in order to receive and assume all of the associated rights and obligations. Parenthood can be a daunting responsibility, and sometimes young men and women facing an unexpected pregnancy lack motivation or support for undertaking this central role.
Young men, in particular, may have a hard time adjusting to the news of an unexpected pregnancy, since they can more easily remove themselves from the situation. However, many young parents do want the chance to actively and responsibly raise their children. Young, single parents are at a particular disadvantage. However, a program offered by a Chicago-based organization, One United Hope, gives young parents parenting education and continuing support through in-home visits until a child is three years of age.
Young, unmarried fathers may not realize they do not automatically receive parental rights, despite the financial and physical efforts they provide to care for the child. Establishing paternity gives important rights to the father and provides critical financial benefits to the child meant to create a level of financial security until age 18.
Proposed Federal Tax Reform Could Directly Impact Divorce
The implications of divorce do not end when a marriage is formally dissolved. Parents must still interact with each other as they work to share custody in a manageable fashion. Moreover, the financial adjustments required as cash flow shifts to account for new expenses and reduced income are very necessary and long lasting.
A divorced individual's tax liability is often directly impacted by divorce but frequently receives much less attention and consideration in the settlement process than this issue deserves. How property distribution and the method of disposition is structured, as well as support paid and received by each party, can produce serious tax consequences in the short- and long- term.
Spousal maintenance, or alimony, is an area that is particularly affected by the tax rules, and changes to the federal tax reform law are primed to directly influence how divorcing couples handle this already contentious issue.
Why You Might Need an Emergency Temporary Child Custody Order
Taking care of a child's needs during the divorce process is challenging and not always easy to ascertain. If the parents are experiencing a high amount of conflict, this can compound and complicate how a parent should approach protecting his or her child from negative consequences. Depending on the source of the conflict, requesting a Court implement a temporary order allocating parental responsibilities (how Courts now refer to child custody matters) may be necessary to protect the child's wellbeing. In addition, emergency motions governing parental access and/or authority over the child may also be filed if there is an immediate threat to the child's health or safety.
While not uncommon, requests for temporary custody arrangements are not a standard practice in divorce cases, and Courts will expect to see some basis for such a request, and ideally, some agreement on the terms. Actress Jennifer Hudson is currently battling over custody of her son, and recently agreed to give her ex-fiancé temporary custody due to her work-related travel schedule that left the father as the primary caretaker, in spite of a previous protective order for physical and emotional abuse.
Illinois Dads Seek Equal Right to Parenting Responsibilities
Having an active and important role in a child's life is the principal goal and priority of parents. However, maintaining this level of involvement can become tricky after divorce when child custody, or, as custody is now called, parental responsibility, determines when and how much time each parent has with the child. Children generally have less negative long-term effects from a divorce if both parents remain a continuing and supportive aspect of their lives.
A group of fathers in Illinois think the current laws on child custody often leave them with a much smaller opportunity to see and engage with their child on a regular basis when a Judge decides this issue. In hopes of changing this perceived paradigm, the Illinois Fathers for Equality is currently pushing for the passage of a law that would favor splitting responsibilities between parents 50/50.
What Litigation Means for Your Divorce Case
Divorce is a process full of issues that can push a couple into heated disputes. The matters that must be settled are central to a person's well being and the life of his or her child. Thus, resolving these issues through mediation or the collaborative process is not always an option.
If less contentious alternatives to litigation have any chance at working, each party must approach the process willing to engage in some amount of compromise, and hold reasonable expectations for the settlement he or she is willing to accept. Unfortunately, some spouses enter divorce with a hard stance that the other side is unable to persuade to compromise.
Additionally, other cases involve disputes where each party holds views that cannot be jointly reconciled. In these situations, litigation may be the only viable option for resolving a disagreement, and understanding the various stages of a typical litigated divorce should help spouses recognize the complexity involved and could even spur some to reconsider attempting a negotiated settlement.
Dividing Season Tickets and Other Entertainment-Related Assets in Divorce
The variety of items married couples accumulate is often large and expansive, with each spouse typically holding a stronger attachment for certain things over others. Some items are purchased, while other items may come through a gift or sheer chance. Deciding how to divide these items in divorce creates the potential for considerable conflict. Certain assets may be easily identifiable as belonging to the marital estate; however, others, which may be highly valued, are easy to miss. One example of these less-obvious marital assets are season tickets for sporting events, concerts, theater and other entertainment-related occasions.
Typically, one spouse frequently holds particularly strong feelings about keeping certain tickets to the exclusion of the other party. Even if a spouse is not interested in keeping a season ticket package personally, he or she may still be entitled to portion of the value if the item qualifies as a marital asset. Various factors can affect how these types of assets are divided, including issues related to valuation.
Introducing The Law Office of Nicholas W. Richardson
Nicholas W. Richardson is an experienced divorce lawyer and mediator whose comprehensive legal knowledge, commitment to clients and reputation for results bring lasting solutions to your problems.
The Law Office of Nicholas W. Richardson, P.C. serves clients in Illinois cities such as Palatine, Schaumburg, Inverness, Arlington Heights, Rolling Meadows, Glenview, Hoffman Estates, Bartlett, Des Plaines, Elk Grove Village, Mt. Prospect, Niles, Prospect Heights, Skokie, Streamwood, Barrington, Buffalo Grove, Wheeling, and others throughout Cook County, DuPage County, McHenry County, and Kane County.
Results listed are not a guarantee or indication of future case results.
110 N. Brockway Street, Suite 220, Palatine, IL 60067
847.873.6741
Contact Our Firm
The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
I have read and understand the Disclaimer and Privacy Policy.
