I wish I could say that once your spouse said, “Yes. I agree” to a divorce settlement agreement, you actually HAD a firm agreement. The truth is, however, you didn’t. In Illinois, until you (or your lawyers) have written your divorce settlement agreement into a formal legal docum...
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Sylvia Hsieh
Once both parties and their lawyers have agreed to the items specified in the divorce settlement agreement, the divorce agreement may be signed. It may be necessary to go to court and have certain items decided by a judge if the couple cannot agree. Laws then vary from state to state; the...
At-fault and no-fault divorces are the two types of divorce categories. While the former assigns fault for the end of a marriage, the latter doesn’t.
aI am seeking for a Divorce Lawyer to assist in a divorce settlement matter. If this is within your line of practice please respond to my email and I will forward you more information. I will also need a referral if this is not your field of practice. I look forward to your response ...
For example, if one spouse has more difficulty earning an income after the divorce, a family court judge might give them a larger share of the marital property. Spouses can work out the division of their property without court intervention. However, if they cannot agree, the court will ...
These are premium dollars which until now have "qualified" for IRS exemption from income taxes. The whole payment received each month from a qualified annuity is taxable as income (since income taxes have not yet been paid on these funds). Qualified annuities may either come from corporate-...
may be subject to division during a divorce. Even though IRAs belong to each individual when the couple is together, the value of the spousal IRA may be divided between the spouses as part of the property settlement agreement. Again, this may be subject to specific criteria for each divorce...
Life insurance can be a prudent financial tool to hedge your bets and provide protection for your loved ones in case you die while the policy is in force. However, there are situations in which it makes less sense—such if you buy too much or insure people whose income doesn't need to...