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Michone Riewer

BUSINESS OWNERS

To finalize a divorce, it is necessary to value and divide all assets and debts. It is also necessary to calculate each party’s income to determine child support and spousal support. When one of the parties owns a business, it is often challenging to value the business and calculate the income derived from the business.

A Cheating Question

In addition to the emotional roller coaster following the discovery that your spouse has chosen to be with someone else, comes the fear of how to protect yourself and your family from the financial and emotional devastation that often follows. First, check your bank and investment accounts, credit cards, phone records, and email accounts to

Amicable – To Be or Not To Be

Divorce is extremely expensive. The “expense” extends well beyond the cost of attorney fees. It is expensive emotionally, robs the parties of time and energy, and usually affects each member of the family. Approaching a divorce with the intention of resolving it amicably is best for everyone involved. Some lawyers claim that by fighting, the

College Contribution in Illinois

30 Fb 0722 Familylaw 1 Cover

IN ILLINOIS, divorcing parents are not usually responsible for the financial support of a child after the child turns 18 or graduates from high school, whichever occurs last. However, there are two major exceptions to this rule: First, parents may be ordered to pay child support for a non-minor child who is disabled (750 ILCS

Spousal Support

Spousal support, also known as alimony and maintenance, is the financial support paid from one spouse to the other. It may be ordered on a temporary basis during a divorce and is often ordered following a divorce for a prescribed period. The purpose of maintenance is to enable a spouse who is not capable of

Spousal Support

46 Fb 0622 Familylaw 2

SPOUSAL SUPPORT, also known as alimony and maintenance, is the financial support paid from one spouse to the other. It may be ordered on a temporary basis during a divorce and is often ordered following a divorce for a prescribed period. The purpose of maintenance is to enable a spouse who is not capable of

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