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April 2015 Archives

What a Prenuptial Agreement Can and Cannot Do

While there may still be some stigma attached to prenuptial agreements, the truth is that many people use them, and with good reason. Entering into a marriage involves many complex financial decisions and presents a range of possibilities for the future use of funds and assets. Particularly if one or both spouses have been married previously, the new family situation may be quite complicated and involve former spouses, children from earlier marriages and other considerations. A prenup may be a good way to navigate these issues and plan for the future. 

Ongoing Efforts at Child Support Reform in Illinois

Federal law requires all states to adopt a uniform system for setting presumptive child support obligations. However, the states are not obligated to adopt any specific scheme. As a result, there are two overarching child support formulas states have gravitated toward. Illinois follows the less common of the two, but reform efforts are under way to change the fundamental formula that determines basic child support obligations. 

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