Recent Blog Posts
Understanding the Allocation of Parental Responsibilities in Illinois
Understanding the laws that apply to child custody, known in Illinois as the "allocation of parental responsibilities," is critical for parents who are separating or getting a divorce. Several factors can complicate the process of negotiating parental responsibilities, and each situation is unique in one way or another. A Lombard, IL child custody attorney can help you navigate child custody and protect your rights as a parent with your child’s best interest in mind.
How Does Illinois Define Child Custody?
According to Illinois law, the phrase "parental responsibilities" covers the two main components of child custody: all decision-making responsibilities, formally known as legal custody, and parenting time, previously called visitation. Decision-making obligations include all major decisions involved in raising a child:
Property Division Issues in a High Asset Illinois Divorce
Every divorce case has unique factors that can influence the outcome, but property division is more complicated in high-asset divorces. Without meticulous analysis and the assistance of an experienced Illinois high-asset divorce attorney, you risk undervaluing assets or accepting an unfair agreement. Consider these challenging elements that are common to high-value divorces before speaking with a legal representative.
Investments and Stock Options
Illinois follows the rule of "equitable distribution" of assets and debts in a divorce, dividing property as fairly and justly as possible. Individuals and couples with a high net worth tend to have investments and stocks, and these assets can be subject to division if they are marital property, which generally means they were earned during the marriage.