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Archives for September 2016

New Illinois Child Support Law Calculates Both Mom and Dad’s Income

New child support legislation can be more equitable because it requires considering the incomes and needs of both mothers and fathers. A calculation outputs each parent's dollar responsibility. Generally, the higher the net income of the recipient, the less child support they will receive. A goal of the new law is to attempt to preserve the child's previous family-intact financial lifestyle. It … [Read more...]

High-Asset Divorces: Dividing Small Businesses

Small business owners who are divorcing have added property division challenges in properly valuing their businesses for the distribution of property. There are several different ways that businesses are valued, and the specific approach chosen may depend on the audience who will be considering the information. Business Valuations For Litigation or Arbitration When a case appears headed for … [Read more...]