ESOP and Retirement Accounts in Illinois Divorce

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by Jenét G. Pequeño, Esq. Do you have an ESOP (Employee Stock Ownership Plan) and now find yourself in the middle of a divorce? Were you employed at a prior company that provided an ESOP as part of your benefits structure? If so, when it comes to divorce there are

Filing a Petition for a Simplified Dissolution

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Palatine Divorce Attorney

Divorce proceedings can be expensive, time-consuming, and emotionally draining. Fortunately, in Illinois there are certain procedures, including simplified divorce, that enable qualified residents to skip some of the biggest procedural hurdles. However, not every couple is eligible for a simplified dissolution, so if you are considering a divorce and have

New Law Amends Child Support Guidelines in Illinois

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In August, Governor Rauner signed Public Act 99-0764 into law, which will go into effect on July 1, 2017. The new law modifies two sections of the Illinois Marriage and Dissolution of Marriage Act by amending the guidelines used to calculate child support. Transitioning to the new method of child

What is a Collaborative Divorce?

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In the last few years, more and more couples have begun attempting to resolve marital dissolution issues through collaborative divorce. This may be partly due to the amendments recently made to Illinois divorce law, which did away with the concept of fault-based divorce. As a result, a spouse may have

Establishing Paternity in Illinois

Posted by & filed under Family Law Attorney.

When a couple has children and later go through a divorce, a family court will often create a child support or custody agreement. This issue becomes much more complicated when a child’s parents were never married, but are still going through the process of separation. Determining child support and creating

Financial Affidavits

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One of this year’s changes to the Illinois Marriage and Dissolution of Marriage Act is the requirement that all parties to a divorce submit standardized, statewide financial affidavits. These forms help the court to assess a couple’s expenses, debts, income, and assets, which is vital in determining how child support

Parenting Time

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Illinois’ courts do not make a determination about “custody” when the parents of a child divorce or separate; instead, they address parenting time. Parenting time, as found in Illinois Marriage and Dissolution of Marriage Act, simply means the time in which a parent is responsible for exercising caretaking responsibilities with

Learning More About Property Division in Divorce

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If you are filing for divorce in Palatine, IL, you are likely to have questions about how property division will work. For instance, what does it mean that Illinois is an equitable division state? And what happens to property that you owned before you got married? How will the court