Category Archives: Illinois divorce attorney

What if My Spouse Is Hiding Assets During Our Illinois Divorce?

DuPage County divorce lawyer for hidden assetsWhen a couple reaches the point where their marriage is irretrievably broken, they will likely seek a divorce. The process of legally ending a marriage can be complicated, especially if there are a lot of issues to resolve. If spouses are argumentative or bitter, this may only further complicate matters. Part of the divorce proceedings involve dividing any marital property or assets. In some situations, one of the spouses may try to hide monetary funds or other valuable possessions. A study by the National Endowment for Financial Education found that 31 percent of spouses with combined assets report they were deceptive about money, and 58 percent of those people admitted to hiding money from their partner or spouse. In divorce cases involving hidden assets, it is imperative to hire professional legal assistance to uncover such deception.

Division of Marital Assets

In the state of Illinois, marital property and assets are divided using the principle of “equitable distribution.” This means they will be split fairly, but not necessarily completely 50/50. Any assets that were acquired during the matrimonial union may be subject to division. Anything that one of the spouses owned prior to the marriage does not have to be split, unless the other spouse contributed to its value in some way. For example, if one party owned a business before getting married, but his or her spouse helped run it during the marriage, that spouse may be able to receive reimbursement for his or her contributions to any increase in the value of the business.

Separate property is considered anything acquired by a spouse before the marriage. However, a gift or inheritance received during the marriage can also be classified as the personal property of one spouse. A prenuptial agreement or postnuptial agreement may also be used to classify certain assets as separate property. At the time of divorce, any property that is labeled as separate property belongs to the spouse who acquired it.

Types of Assets That Are Often Hidden

Asset division can be a complex process, since it often includes many different types of property, including physical items, financial accounts, and debts. There are some types of property that may be easily hidden. Certain assets may go undetected, especially if only one spouse’s name is on an account, retirement plan, or subscription. Some assets may “fly under the radar;” that is, one spouse may not even be aware of their existence or value. The following are examples of these types of assets:

  • Timeshare properties

  • Frequent-flyer miles

  • Stocks or bonds

  • Health club or country club memberships

  • Income tax refunds

  • Retirement benefits

  • Life insurance policies

  • Season tickets (entertainment, sports)

  • Antiques and collectibles

  • Cash

Hidden assets can involve illegal activities such as fraud, as well as legitimate loopholes.  However, manipulating valid processes and procedures for the purpose of defrauding the court or the other spouse is illegal.

The discovery of hidden assets in a divorce case can change the outcome of the property distribution. In addition to the loss of ownership of assets that were hidden, the guilty party could face a permanent criminal record. Violations can result in criminal charges of fraud, contempt of court, and perjury.

Contact a DuPage County Divorce Attorney

A divorce can be one of the most difficult transitions you will go through in your life, and you deserve your fair share of the property you and your spouse acquired during your marriage. If your spouse is hiding assets from you in order to come out ahead, you should take legal action to ensure that all of your marital assets are divided correctly. At the Andrew Cores Law Group, our attorneys have extensive knowledge of Illinois divorce law, including how to uncover hidden assets. Our Wheaton property division lawyers can help you understand all of your options to make sure you receive a fair settlement. Call our office today at 630-871-1002 to schedule a free consultation.

 

Sources:

http://www.ilga.gov/legislation/ilcs/ilcs4.asp?ActID=2086&ChapterID=59&SeqStart=6000000&SeqEnd=8300000

 

What Are Parenting Time Rights in an Illinois Divorce?

DuPage County parenting time attorneyGoing through a divorce can be difficult on an adult as well as a child. The end of a marriage also means the end of the family unit as they knew it. Determining child visitation, now referred to as “parenting time” in Illinois, can be a complicated matter. The child’s best interest is what the court considers when parenting time rights are being established in any divorce settlement. Parenting time can be divided in many different ways, but it is imperative that the parents keep personal preferences out of the equation and devise a plan that works best for the child.

Determining the Child’s Best Interests

It is recognized by the state that in most cases, it is best for children to have a healthy relationship with both their mother and father, and those familial bonds are essential in their development. While parents may be able to reach an agreement on how to share parenting time, they may need to settle these issues in court if they cannot do so on their own. A judge will consider various types of information when determining the best outcome for the child, and the following elements are taken under advisement:

  • Parents’ wishes

  • Child’s wishes

  • Child’s age

  • Time and dedication the parent can provide

  • Life at home, school, and community

  • Mental and physical health of all involved parties

  • History of violence

  • Parents’ willingness to co-exist

  • Whether a parent is an active military member

  • Whether a parent is a convicted criminal

Keeping all of these factors in mind is crucial to ensure that the child receives the best possible care and upbringing. In some cases, certain factors might have more weight than others when deciding parenting time. It is up to the parents and their attorneys to ensure everything is communicated properly to the court.

Possible Outcomes

The allocation of parental responsibility (formerly known as child custody) refers to the authority to make decisions about children’s upbringing, and responsibility may be shared between parents or allocated to one parent. However, regardless of how these responsibilities are allocated, each parent is entitled to reasonable parenting time with their children, as long as the child will not be endangered during their periods of parenting time. A parenting time schedule will be included in the parenting plan that is part of a couple’s divorce decree. While this schedule is meant to remain in place for the foreseeable future, modification of parenting time is possible in certain scenarios, such as emergency orders of protection, a change in parental income, the relocation of a spouse, or other situations.

Contact a Wheaton, IL Parenting Time Attorney

Divorce is not easy for anyone, especially if it involves a child who now has to split time between two parents. This can cause anxiety for all involved parties. As a parent, ensuring the best for your child should be of the utmost importance. The devoted attorneys at Andrew Cores Family Law Group will take the time to ensure that you understand your rights to parenting time, and we will work with you to help secure the best possible outcome for you and your child. Our experienced DuPage County divorce attorneys will work with you every step of the way during the proceedings. To schedule a free consultation, call our office today at 630-871-1002.

Sources:

https://www.liveabout.com/illinois-child-custody-guidelines-2997106

http://www.ilga.gov/legislation/101/HB/10100HB0185.htm

How Can a Child Support Order Be Modified in Illinois?

DuPage County child support modification attorneyAfter you have gone through a divorce and are paying or receiving child support, there may come a time when you believe the amount you pay or the child receives should be adjusted. In Illinois, this may be done through a modification review process.

When Can I Have My Child Support Order Modified?

Under Illinois family law, an order for child support is eligible for modification review every three years, or when there is a significant change in either parent’s income or in the needs of the child. In the case of a three-year review, a parent will receive a letter from the agency in charge, informing them of the right to request a review.

Who Conducts the Modification Review?

Modification reviews of child support orders in Illinois are done by the Illinois Department of Healthcare and Family Services (HFS), Division of Child Support Services (DCSS). The agency is tasked with the responsibility to make sure child support orders are consistent with applicable Illinois law and changed circumstances involving all concerned.

What Are the Requirements for Child Support Modification Review?

To qualify for a modification, one of the following conditions must be met:

  • At least three years must have passed since the date child support order was issued or since the date of the decision from the last modification review.

  • There is a substantial change in the non-custodial parent’s income.

  • There is nothing in the order that addresses the child’s healthcare coverage.

  • There is a written communication received by DCSS from the custodial parent, the non-custodial parent, or an agency in another state requesting a review.

If you have requested the modification review, both you and your ex-spouse will receive a letter from DCSS stating whether the order qualifies for modification review or not. You should expect this letter in 30 days or less from when DCSS receives your request. If the order qualifies for a modification, both you and your ex-spouse will be asked to provide information to be evaluated in determining whether your request should be granted.

What Happens After a Child Support Modification Review?

DCSS will analyze the information you and your ex-spouse provide to recalculate the amount of child support your child should receive. The results of the analysis will be sent to you by mail. This notice may state that the amount of child support payments will increase, decrease, or remain unchanged. If you disagree with the decision, the law allows you various ways you can have this decision itself reviewed.

Contact a DuPage County Child Support Lawyer

Requesting and obtaining a child support modification can be a complicated process, especially when there are other issues that cannot be resolved by DCSS. To ensure that the decisions made will meet your family’s needs while protecting your financial resources, you should work with an attorney who is experienced in family law and understands how the child support modification review process works. If you believe there are good reasons why child support ordered in your case should be modified, our knowledgeable Wheaton, IL family law attorneys are ready to help you get the modifications you need. To schedule a free consultation, call 630-871-1002 today.

Sources:

http://www.ilga.gov/legislation/ilcs/documents/075000050k510.htm

https://www.illinois.gov/hfs/ChildSupport/FormsBrochures/Pages/hfs3588.aspx