Posts in General Divorce
Financial Tracing

Financial tracing is a process that occurs in many divorce or parentage proceedings. The process typically stems from instances of needing to track a party’s sources of income, expenditures made for non-marital purposes (also known as dissipation in Illinois), or in the event a party is trying to prove the marital or non-marital nature of an asset.

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Maintenance

Maintenance, formerly known as “alimony”, is financial support provided by one party to another after a marriage. Not every party will be entitled to receive maintenance and certain factors must be considered to determine if maintenance is appropriate.

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Tax Considerations of the Division of Assets in a Divorce

An important consideration when negotiating a divorce settlement is whether there are any tax consequences for a spouse being awarded certain marital assets. Often the most equitable way to divide a marital estate is for each party to be awarded assets “in kind”, meaning similar amounts of similar types of assets. That way each party is in a similar financial position post-divorce. 

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750 ILCS 5/607.6 Amended

Recently, Section 607.6 of the Illinois Marriage and Dissolution of Marriage Act was amended by House Bill 2741. Section 607.6 addresses court-ordered therapy, and specifically, subparagraph d of the Section concerns the confidentiality of information about court-ordered therapy.

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Separation Self-Care Through the Holidays

This year may have been daunting considering the circumstances we have all been through in 2020; we’ve been cooped up inside and socially distancing for almost the entire year. However, some of you have had other issues preoccupying your mind and have been going through the process of breaking things off in your relationship with your significant other.

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