I note three key issues usually discussed in prenuptial agreements in this short video. They are the identification of separate/ marital property, spousal maintenance and estate rights. Interested in a free 15 minute consultation on a nuptial agreement? Please contact cari@rinckerlaw.com or call (217) 531-2179.
Ask Cari: Is my inherited IRA included in my child support and maintenance calculations?
What is considered income for child support and maintenance calculations during a divorce can be very complex especially when it comes to inheritance. The Illinois Supreme Court recently helped to uncomplicate one gray area when it held that mandatory individual retirement account (IRA) distributions and withdrawals are considered income when calculating child support and maintenance calculations In re Marriage of …
Child Support During High Inflation
In the first quarter of 2022, inflation is up over 8%, the highest since the early 1980s. With this high inflation rate, you are likely paying more for everything for your child – from gas in your car, to diapers and music lessons. Maybe you’re wondering if your child support payments can go up to match your increased costs. Unfortunately, …
Business Ownership and Divorce: What You Need to Know
Divorce is rarely simple. When two people’s lives are intertwined—physically, emotionally, and legally—separating the individual strands can be a task akin to untying the Gordian knot. The longer a couple has been together and the more they share, the more difficult this task becomes. It can be even more difficult if the divorcing couple co-owns a business or one spouse …
Illinois Prenups: What You Need to Know to Get Started
Do I need a prenup before I get married? No one gets married with the intention of getting divorced, but it is always a good idea to protect your rights and your property in the event that life does not goes as planned, regardless of your financial circumstances. Divorce is inevitably complicated, contentious, and unpredictable. In Illinois, the law requires …
10 Tips on How to Prepare for a Zoom Divorce Settlement Conference
Zoom meetings have become the norm when it comes to divorce settlement conferences. The pandemic has changed the way business is handled. Some people are familiar with Zoom and have used it in the past, however, for a lot of people, it is new to them. Tips for How to Prepare for Your Zoom Divorce Settlement Conference 1) Plan in …
How to Prepare for a Virtual Financial Mediation in Champaign
Over the last year or two, people in every walk of life have grown accustomed to holding important meetings in the virtual environment. This is true for legal proceedings as well. Mediators are now adept at facilitating negotiations in the virtual world. However, the parties who are engaged in the negotiations don’t necessarily have as much experience. When it comes …
A Champaign Mediator Explains How Mediation Can Help with Child Support
Child support and custody issues are the most common issues to be fought about in family court. Disagreements about either of these issues can prolong divorce proceedings, interrupt visitation rights, and cause hardships for all sides of the issue. Child support and custody issues are emotionally charged subjects. While this is understandable to a point, this often leads to extensive …
A Champaign Mediation Attorney Explains Why Mediation is Beneficial for Child Support
Going through a divorce is never easy, but when you have children with your spouse, the situation only gets more difficult to handle. A Champaign mediation attorney shares some reasons why mediation can be helpful for child support. It is Less Time Consuming Mediation fosters an environment where parties come together to come to an amicable solution for all. Because …
A New York Divorce Mediator Explains How to Prepare for Virtual Mediation in New York
The pandemic has prompted an increase in virtual mediations all over. Learn how you can be prepared for your next virtual mediation in New York. Ask the Right Questions If you are unclear about the divorce mediation process, make sure you ask your New York divorce mediator to go over what you can expect and what the timelines are. It …
How to Prepare for a High Net Worth Divorce in Illinois
By definition, a high asset divorce in Illinois is defined as any divorce that involves at least one of the spouses having assets valued over $1 million. These divorces often involve very complex issues and must be handled by an experienced attorney. If you are going to be involved in a high asset divorce in Illinois, you are encouraged to …