Dividing debt is one of the most overlooked yet critical aspects of divorce. While much attention is paid to the division of property and assets, understanding who is responsible for marital debt can prevent costly surprises down the road. From credit cards to mortgages, knowing how debt is assigned post-divorce is essential for financial clarity…
Dividing assets during a divorce can be complex, and retirement accounts often represent a significant portion of a couple’s financial future. Understanding how these accounts are handled during divorce proceedings is crucial to protecting your long-term interests. Whether you negotiating a settlement or preparing for litigation, having clarity on this issue can make all the…
Divorce is a life-altering event that affects more than just your emotional well-being. It can also have serious financial consequences. While divorce itself does not directly impact your credit score, the financial decisions made during and after the process can significantly influence your credit health. Understanding how divorce affects credit is essential for protecting your…
Co-parenting requires a well-structured plan that prioritizes the best interests of the child while ensuring both parents have a clear framework for shared responsibilities. An effective parenting plan minimizes conflicts, promotes healthy communication, and fosters a stable environment for children. Whether you are navigating a divorce, separation, or establishing custody guidelines, crafting a parenting plan…
Divorce mediation is a type of conflict resolution for divorcing couples where a trained divorce mediator, usually an attorney, helps guide a couple through their disagreements by keeping them on track to a solution rather than rehashing old issues. By using divorce mediation you can save money over a litigious divorce. Divorce mediation can be part…
Conflict arises when there is an opposition of needs. Each party will generally have his or her own perspective regarding fairness and entitlement. They can go to court where one will win and one will lose, or they can attempt to settle their issues. In a typical case, the chances of settlement are hindered because…
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Because of geographical separation, domestic violence, or the preferences of the parties in mediation, a new technique has come into existence, which allows divorce mediation to take place by mail, fax, phone and e-mail. This is done by co-mediators or mediators in two locations. In divorce cases, it is preferable that the two mediators be of different…
Single Session divorce mediation is mediation that starts and ends in one office visit. It is an informative service that we provide to divorcing parties that: Single Session mediation can last up to two hours and costs a flat fee of $425 which is payable in advance. We offer this service at both our downtown Chicago and…
Mediation is where you and your spouse conduct your own settlement talks but you do so in the presence of someone who is trained to help you to avoid derailment. The mediator doesn’t try to sell anybody on anything but does make certain time-tested procedural suggestions to help you and spouse decide on how you…
