Strategic approaches for dividing assets in divorce include negotiation, mediation, and prioritizing your needs versus your wants. Always document transactions and agreements. You and the other party should fully disclose assets and understand their value. You should also have a firm grasp of possible tax implications relating to asset division.
Factors such as the parents' net incomes and the time each parent has with the children play a role in calculating child support in Illinois. The number of children involved, as well as educational costs and other additional expenses that go beyond basic child support, can play a role, too. Child support amounts in Oakbrook Terrace, IL, are not set in stone and can be modified if the child’s needs or a parent’s life circumstances change.
Parallel parenting in Illinois is a practical option when co-parenting is not workable or has failed. In parallel parenting arrangements, the parents have minimal or no interaction with each other. They follow a detailed parenting plan and use third parties to help facilitate communication when necessary.
A contested divorce in Oakbrook Terrace, IL, lasts about six months to a year, although the timeline sometimes extends for a few years. How long a contested divorce takes depends on the level of contention or disagreement, whether the parties have lawyers, the issues involved, and the amount of court involvement.