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Title of The Law Offices of Patrick Markey: "Chicago & Oak Park Divorce Attorney Patrick Markey, P.C."
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Dividing assets is one of the most important parts of the divorce process. To reach a fair resolution, both spouses must have an accurate understanding of the family’s finances, including income, property, accounts, and debts.
Unfortunately, some divorces involve concerns that one spouse may be hiding assets or failing to fully disclose financial information. ...
Divorce does not always mark the end of financial obligations between former spouses. In some cases, one spouse may be required to pay spousal maintenance (also known as alimony) to the other after the divorce is finalized.
However, life circumstances can change over time. Income may increase or decrease, employment situations may shift, or financial needs may...
After a divorce is finalized, many people focus on dividing assets, adjusting finances, and moving forward with their new lives. However, one important step that is often overlooked is reviewing and updating estate planning documents.
A divorce can impact decisions about who controls your assets, who makes important decisions on your behalf, and who receives b...
Many parents assume that their financial obligations automatically end when their child turns 18. However, in Illinois, divorce-related responsibilities may continue beyond a child’s legal adulthood, including potential contributions toward college expenses.
Understanding how Illinois handles college expenses after divorce can help parents plan ahead and avoid...
As children get older, the challenges of co-parenting after divorce often shift. While younger children may require detailed parenting schedules and frequent coordination between parents, older teens are preparing for major life changes, including college, employment, financial independence, and adulthood.
For divorced parents, this stage can bring new questions about ...