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(Marital) Settlement Agreement
A (marital) settlement agreement is a legally-binding court order made between two spouses when getting a divorce or two partners when dissolving a civil union. Settlement agreement can order one or both parties to make certain payments to the other, or to divide certain assets, including: alimony payments child support payments for minor children
Attorney's fees refers to the costs associated with hiring and being represented by an attorney in court, to be assessed throughout the duration of dissolution of marriage (divorce) or dissolution of civil union case. As part of a (marital) settlement agreement, one party may be ordered to pay attorney's fees for their ex-spouse or ex-partner. Thi
What Does it Mean?A dissolution of marriage, more commonly known as a divorce, is the process through which two spouses exit a legal marriage.How Does it Work?In order to get a divorce in Illinois, both spouses must have been living separately for at least six (6) months. The spouses will have to show to a judge that they have irreconcilable differ
Martial property refers to all proprety, including debts (marital debt) and other financial commitments, that is acquired by either spouse that is legally married AFTER the effective date of the marriage. This date can be found on your marriage license. The following is NOT considered to be marital property: gifts or inheritances any property acqu
Certain aspects of a (martial) settlement agreement may be modified, but ONLY IF it can be shown to a judge that doing so is in the best interests of both parties and/or their children.A substantial change in one's financial circumstances, such as a change in employment status or the added presence of a mental or physical disability, may warrant a
If you have been ordered to pay maintenance (alimony) and you fail to make an alimony payment on time, the amount that was owed will become past-due maintenance. Unless the past-due maintenance is paid off, the next child support order you receive will show that you owe both the current alimony payments plus the past-due alimony. In Illinois, past
Property divisions refers to the process through which marital property or civil union property is distributed among both spouses or partners during a dissolution of marriage (divorce) or dissolution of civil union case.Dividing assets contained in a couple's shared retirement account requires a Qualified Domestic Relations Order (QDRO).Property di
A prove-up is the final hearing of a dissolution of marriage (divorce) or dissolution of civil union case. The hearing is typically conducted with a hearing officer, who guides both parties through the process of settling on the final terms of their (marital) settlement agreement. Prove-up hearing will only take place if the parties are ready to
A Qualified (Illinois) Domestic Relations Order (QDRO) is a court order issued during a divorce, dissolution of civil union, or legal separation case. QDROs decide how a couple's retirement savings will be divided among each other after they separate. If a couple does not have any retirement savings, a QDRO will not be ordered.
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