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Peoria Illinois Family Law Blog

Dads can be single custodial parents as well

Although some people may not realize it, single Illinois dads doing their best to raise their children are a fairly common occurrence. Across the country, there are roughly around 2 million single dads. This is according to relatively recent statistics from the government. In terms of percentages, this means that over 15% of all single parents in the nation are fathers.

Many of these dads have huge responsibilities on their plates. Almost 10% of these single dads had at least three minor children in their home. Moreover, the vast majority, 96%, were either divorced, separated or had never been married to their child's mother.

Don’t let divorce ruin your retirement plans

Saving enough money for retirement is difficult enough without any unsuspected issues coming to light. If you decide to divorce, you can expect your retirement plans to change in some ways.

Your biggest concern will be your ability to retain enough money to keep the same retirement plan in place. This is why it's imperative to understand how to divide retirement assets in divorce, while protecting your rights at every turn.

What should I include in an agreed parenting plan?

Many times, a Peoria couple will decide to negotiate an allocation of parental responsibilities, which will include child custody and parenting time, before going to court. Once they do so, they will need to file their parenting agreement with the court for approval.

An Illinois court will usually approve an agreement so long as it appears to be voluntary and that, when negotiating it, the couple put the best interests of their children first. Sometimes, negotiations about a parenting plan can be so informal that the couple works out their issues themselves. However, in most cases, the parties will use attorneys to help them with their negotiations.

Child support orders for special needs children

Many children in the Peoria area have special medical and educational needs. Any one of these needs, from asthma to a profound physical disability, can cost parents a lot in terms of both time and money.

In addition to medical and other bills, parents may also have to incur extra costs finding opportunities and activities for that their special needs children can enjoy.

Split between two real estate giants ends quietly

It recently became public that the 12-year marriage between two people who are giants in the commercial real estate market in another state legally ended.

Both of the parties are well-connected to the world of big real estate deals, and they both have accomplished a lot in their own right. Each of them is likely worth tens of millions of dollars, as both have interests in sought-after commercial real estate in busy urban markets.

What is non-marital property?

In Illinois, courts are required to divide up a couple's marital property in the event of a divorce or separation. Basically, marital property is just about any asset, or debt, that either party either owns or owes.

This is so without regard to who purchased the asset, who legally owns it or who spent most of the time and energy caring for and maintaining it.

Income imputation and child support

If you are paying child support to your former partner, this is likely to be a significant strain on your finances. If your ex-spouse does not work, you may feel frustrated by what you might consider as a lack of effort on their part. It's likely that you will wonder about the options available to you regarding modifying the child support order.

It is possible to use income imputation to modify the child support order in certain circumstances. Income imputation is a way of using one parent's earning potential rather than their actual income to calculate the child support owed. This helps to incentivize both parents to fulfill their responsibilities to their children.

Child support for self-employed parents

While figuring out child support is never an easy task, it is relatively simple when both parents work a traditional job and earn a paycheck. Especially if their paychecks are predictable, calculating child support is a matter of applying the Illinois Child Support Guidelines to each parent's salary.

However, when a Peoria, Illinois, parent works in her own business, her income might not be steady. For example, even a successful realtor who works hard may have months in which she sells several homes or buildings followed by months of making very little income.

What is the right of first refusal?

The phrase right of first refusal means different things depending on what area of law one is discussing. In the world of family law, the right of first refusal refers to the option of one parent to watch a couple's children when the other parent needs child care.

The right of first refusal can be granted as part of an Illinois court's allocation of parental responsibilities order. Even though it is referred to as a right, first refusal is not automatic. The court has to decide that granting the right of first refusal is in the best interest of the children involved. While a court will still have to approve of their agreement, parents also have the option of negotiating how they will handle the right of first refusal between themselves.

Putting a value on a doctor's medical practice

There a lot of reasons why a doctor in the Peoria area may need to figure out how much her medical practice is worth, assuming of course that she is in business for herself. For example, she may wish to break off from her partners to take a new and better direction in her career, or she may have a hospital or larger practice interested in acquiring her patients and her expertise.

On perhaps a less happy note, the doctor may also be going through a divorce. In such cases, his medical practice will likely be subject to property division between his spouse and him. The judge will not necessarily give the doctor's spouse some share of the practice, but the judge will factor the value of the practice in to its overall fair division of assets.

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  • 10 Best 3 Years Attorney Client Satisfaction American Institute Of Family Law Attorneys 2015-2017

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