On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | May 22, 2020 | Divorce
There are multiple costs associated with a divorce. However, many people focus on the end cost. By this, we mean that the majority of the focus ends up on expenses like alimony or child support. However, it is important to realize that divorce itself can be a very...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | May 18, 2020 | Divorce
When preparing for a divorce, understanding some of the primary court procedures and actions may prove beneficial. In Illinois, one of the most hotly debated topics during the legal uncoupling process is who gets what. If a couple cannot agree on how to divide assets...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | Mar 31, 2020 | Divorce
When a couple gets a divorce, one of the main questions that need answering is how much time each parent is going to spend with their child or children. The general assumption is that 50/50 custody is in the best interest of the child. This means the child will spend...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | Jan 22, 2020 | Divorce
The aggregate divorce rate in the United States has fallen over the past few decades. However, there has been a dramatic increase in the number of gray divorces, which refers to divorces involving individuals who are over the age of 50. Illinois residents who are...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | Oct 25, 2019 | Divorce
While there are plenty of warnings out there about the consequences you could face if you move money around, hide assets or spend frivolously during your divorce, it is not required that you suspend all efforts to deal with your finances. In fact, if you are getting...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | Oct 22, 2019 | Divorce
Pending divorce proceedings in Fox Lake offer you the chance to sit and consider those things that will change once your divorce becomes final. One of them may be the association that you have with your ex-spouse’s employer. While that may seem to be a small...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | Aug 7, 2019 | Divorce
It’s tough to hear, but many spouses attempt to hide assets during a divorce. When assets are hidden, they’ll fail to be included among marital property, which the court divvies up equitably among both spouses. Forbes offers the following tips on how...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | Jul 15, 2019 | Divorce
Your divorce in Fox Lake will inevitably bring with it many changes. These changes can often place a heavy financial burden on you (even with the prospect of you receiving a property division settlement looming). The need to secure housing, complete job training or go...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | May 19, 2019 | Divorce
Most people who get married in Illinois do not plan to divorce. Couples set up their home, travel, collect art, open joint bank accounts and move forward in the next phase of life. However, if the writing is on the wall and divorce seems imminent, you can prepare for...
On behalf of Soffietti, Johnson, Teegen, Argueta, Bawcum & Barone | Mar 31, 2019 | Divorce
For divorcing couples in Illinois, the process of splitting up their marital assets and debts can be quite complicated. Many couples find that their family home is not only their single most valuable asset but it is also one that elicits a lot of emotion due to the...
