One of the benefits of practicing Divorce and Custody Law is the opportunity to try cases that involve complex issues, the valuation of a spouse’s business interest in a closely held business being one of those complex issues. Along with my work through the years in the areas of psychology,…
Articles Posted in Financial Issues in Divorce
Three Financial Fears About Divorce
Divorce can feel like a full-time job. It can be all-consuming, affecting every aspect of your life. Between the (sometimes) contentious texts with your ex-partner, phone calls to your attorney and figuring out child custody, where you are going to live and how your new life will look, there is…
Allocating Marital Property
A decade ago, couples that were divorcing could count on a fairly expedient sale of their marital home, and at the time of the closing of the sale of the home, there would be a payout that would leave one or both of the parties with cash to either start…
Illinois Divorce: The Effect of Affairs
The “Ask Amy” column today in the Tribune discusses marital affairs and the offended party’s need to tell others, including the children, the reasons for the divorce: I have been married for 25 years. My wife had an affair early in our marriage and we worked things out with counseling.…
Kane County Divorce: The Dilemma of Child Support
Child support in a divorce case is often a contentious issue for divorcing parents. Divorce consultant and author Lee Block discussed child support issues in the Huffington Post’s new Divorce section of this online journal. Ms. Block states: Child support is always a hot bed of discussion. There are several…
Illinois Divorce and Financial Preparation
One of the hallmarks of an impending divorce is a noticeable change in financial status within the family household. Retirement plans get moved to new accounts. Joint checking accounts and credit card accounts begin to show unusual activity, such as unexplained charges or cash withdrawals. Some spouses will defer discussing…
Divorcing in a Recession, and Cutting Edge Solutions.
The following is a hypothetical example, but a very real description of a family dealing with legal issues in a recession: When Patrick and his wife divorced, they agreed to sell their home. Yet, once a buyer gets close to making an offer, his wife backs off, believing she can…
Cost Effective Divorce in a Recession
Just as fuel efficient cars become more popular during a period of high fuel prices, cost effective legal representation in divorce cases becomes a welcome path for people looking to end their marriages. The Law Offices of Michael F. Roe has consistently advocated cooperative, mediated, and collaborative divorce as a…
5 Common Financial Mistakes in Divorce
1. Hanging onto the house at all costs. Many couples scrambling to obtain a divorce settlement wish to keep the house at any cost. However, keeping the four bedroom marital home may be a financial undertaking that neithe rparty can absorb in the post-divorce environment. Maintenance and child support to…