financial-fraud-kls-smAs if you do not have enough to worry about during your divorce, add financial fraud to the list. Most people want to believe their spouse still has some decency and will be honest and fair in revealing all of their assets or keeping the assets safe. Unfortunately, this is not always the case. People often realize after the fact, that the other spouse committed financial fraud during the divorce process.

Financial fraud can happen many ways, including, hiding assets from being discovered, or dissipating assets by recklessly spending the asset away. A skilled attorney will be able to investigate and find any assets your spouse is hiding, or obtain reimbursement for the asset your spouse dissipated.

Be sure to contact your family law attorney to protect you and your assets from financial fraud during your divorce.

Posted in Divorce |

Wheaton Divorce AttorneyMost people picture divorce to be an all-out battle between spouses, fought in court in front of a judge or jury, fueled by aggressive divorce attorneys. While going to court is one way of resolving issues pertaining to a divorce, it is not the only way to settle matters between spouses. Alternative Dispute Resolution, commonly known as ADR, is a popular way, where couples resort to any means of resolving disputes outside of the courtroom. Due to increasing court queues, time delays, and rising costs of litigation, more people are opting for ADR to keep the costs and hassle to a bare minimum.

Types of ADR Methods for Illinois Divorce

Mediation

Mediation refers to the process where both spouses hire a neutral third party, known as a mediator, to facilitate their negotiations on different divorce matters to avoid going to trail.  This method is a great option for people who prefer going through a more non-adversarial and informal process. The process begins with both spouses giving information regarding their marriage, issues and disputes, and what they want to achieve through divorce. It is essential for both parties to be prepared to elucidate their goals to the mediator in order to complete the process as smoothly as possible.

One of the benefits of mediation is that it is less expensive. This is primarily because there are no attorneys or court involved in the proceedings, eliminating their costs. In most cases, the mediator is the only person involved in the process. Moreover, since the case is not resolved in open court, no public record of statements during the proceedings is maintained, allowing discussions regarding children, assets, and other matters to remain confidential.

Arbitration

Arbitration is like a private trial in which a couple hires a third party, known as the arbitrator, to serve as a private judge. This individual is not connected or otherwise has any personal interest in either party, and gives a completely neutral judgment for every issue. During the process, both spouses are required to present their arguments pertaining to different issues, and the final decision is made by the arbitrator, just as a judge would make in a family court proceeding.

Arbitration has gained ground over the years, because of its cost-effectiveness and ability to resolve case in a timely manner as compared to traditional family courts. However, it is important to note that all decisions made by an arbitrator during the process are binding on both parties. This means that the couple cannot make an appeal to a higher court for matters they don’t agree with.

Collaboration

This ADR method refers to the process in which both spouses negotiate the terms of their divorce in the presence of their attorneys in a cooperative manner. Generally, negotiations are carried out in a four-way meeting, where discussions are non-adversarial in nature. Collaboration is a great choice for divorcing spouses who want to avoid formal court proceedings, but need the legal counsel of an attorney in all aspects of the divorce process.

For more information on any of the ADR methods and whether it is the right choice in your situation, contact Keller Legal Services today at 630-868-3093 for a free initial consultation.

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Wheaton Divorce AttorneyMany couples face difficulties or hesitations when deciding to divorce because they do not want to disrupt the children’s home life. Typically, during and after a divorce, each parent is designate his or her parenting time with the children, and the children either go to “mommy” or “daddy’s” house. For the parents that do not want to disrupt the children more than they have to, one option is nesting.

Nesting is the idea that the children stay in the house, while mom or dad rotate out based on the agreed schedule of parenting time. For example, if mom has scheduled parenting time with the children, dad will stay in an apartment until his parenting time. The apartment can be shared by the couple to save on expenses or rent, or the parents can have separate spaces away from the house.

Nesting may be less disruptive to the children, but can be a headache if it is implemented incorrectly. A good nesting plan takes good communication, planning, and clear boundaries.

If you want to explore nesting, our Wheaton family law attorneys can help you structure a plan that is airtight and works with your individual family needs.

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