By JoAnne C. Holt, Divorce financial analyst First, please know all states have their own unique divorce statutes and case law that influence the outcome of a divorce. As those statutes and case laws change over time so do the results. Most states operate under the “Equitable Distribution” concept as …
CONTINUE READINGincome
How Inheritance Affects Child Support, Alimony, and Modifications

By Angela Foy Attorney, Cordell & Cordell, P.C. Upon divorce, a court may approve a stipulation or enter an order for child support payments, alimony payments, or both from one spouse to the other. The purpose of the obligations differs, and therefore, how the receipt of inheritance may affect each …
CONTINUE READINGFinances and Divorce: Why Your Case Is Unique
By JoAnne C. Holt, Divorce financial analyst Just like your DNA – your divorce case is not like anyone else’s so stop asking your friends what you should ask for, what they did, how much they had to pay or are receiving and more. On the surface the facts may …
CONTINUE READINGLessons from Bristol Palin/Levi Johnston Child Support Order

By Erica Christian Attorney Cordell & Cordell, P.C. Note: This is Part 2 of a two-part series. Click here to read Part 1. In November, Bristol Palin filed a legal petition seeking sole custody of her and Levi Johnston’s minor child, Tripp, and $1,700 per month in child support. Reports …
CONTINUE READINGLessons To Learn from the Bristol Palin/Levi Johnston Child Support Order

By Erica Christian Attorney Cordell & Cordell, P.C. Note: This is Part 1 of a two-part series. Click here to read Part 2. Although this is not the scenario you hear on the news everyday, let’s say you had a great year financially in 2009. Sales were up, bonuses were …
CONTINUE READINGMoney Made Easy: How to Save

Dan Danford, host of Money Made Easy, tackles a viewer’s question about the best ways to save money when you’re making little money. Danford, MBA, CRSP of Family Investment Center, uses his own 30 years of experience as a small business owner and financial advisor to offer advice on how you can save …
CONTINUE READINGUnemployed and Broke: How Can I Lower My Child Support?

By Missouri Cordell & Cordell Divorce Lawyers As we all know, the economy has been in a slump. Many people have lost their jobs or seen their paycheck and hours cut. Clients always want to know how much child support might be. Most clients are horrified at how high child …
CONTINUE READINGDadsDivorce Live: Getting to Know Vocational Experts (Part 1)

DadsDivorce Live host Dan Cuneo discusses the role of vocational experts in the family law system with Cordell & Cordell, P.C. attorney Kristin Zurek. It is important to understand the role of the vocational expert in your case in order to move smoothly through the family law system. Vocational experts …
CONTINUE READINGChild Support Obligation When Wife Quits Working

Question: My husband and his ex are currently going back to court to modify their parenting plan and child support. His ex voluntarily stopped working 5 years ago to stay home with her new baby by another father. How do we figure his percent of obligation if she is not …
CONTINUE READINGAsk a Divorce Lawyer: What are my options when child support is causing me to go broke?

Question: I am the father of two children with two different women. The children are 14 years apart. I am currently paying 56% of my income in support and am in dire straights. Is there a law in the state of Illinois of the amount I have to pay? What …
CONTINUE READING