If you are facing a divorce, the emotional component may cloud your vision forward and can leave you unsure of how best to proceed. This is all normal stuff. Divorce is both a jarring emotional fracture and a complicated legal matter, which makes proceeding with an experienced divorce attorney in Schaumburg in your corner well advised.
Your divorce will be utterly unique to you, but it will also break down into basic terms that remain the same across all divorces. These include (as applicable):
Your parental responsibilities break down into both legal and physical custody. Legal custody refers to the responsibility of making important decisions on behalf of your children, including those related to the following:
While everyday decisions remain the purview of the parent who is on duty at the time, this primary decision-making authority can be either sole or joint.
Physical custody determines you and your ex’s parenting time – when the kids are with you and when they are with him or her. Some parents divide their time with the kids fairly evenly, but others opt to have one parent remain the primary custodial parent while the other has a visitation schedule.
Child support helps to ensure that both parents continue supporting their children financially, and it is based on a state calculation formula that takes wide-ranging factors into consideration. Generally, however, child support is determined in accordance with how much time each parent spends with the children and each parent’s income. As such, the parent who earns more typically has the child support obligation.
The assets that you acquire while you are married belong to both of you and are deemed marital property. Upon divorce, however, these assets must be divided fairly – or equitably – between the two of you. This division can be exceptionally complicated and has the potential to become the most hotly contested divorce term. Factors such as tax implications, the length of your marriage, and the contributions each of you made to your marital estate can all play a role in this division.
If one of you will experience a financial downturn upon divorce and the other has the financial means to help, alimony may be ordered. Alimony is typically designed to help the recipient gain financial independence via education and/or the acquisition of job skills.
The practiced divorce attorneys at the SAM LAW OFFICE, LLC, – proudly serving Schaumburg – have the keen legal insight, impressive experience, and drive you are looking for. Your parental and financial rights are too important not to contact us for more information today.