New Statewide Financial Statement Coming in 2016

Whether you file for divorce in Cook County, Lake County, Kane County or another county in Illinois, one of the first steps after filing will be to complete a form in which you disclose your income, expenses, assets, and liabilities. Each county currently has its own form. For example, Cook County has a Disclosure Statement pursuant to local rule 13.3.1, Lake County has a Financial Affidavit pursuant to local rule 11.02, and Kane County has a Comprehensive Financial Statement pursuant to local rule 15.13. While these forms are generally similar in content, the deadlines for completing these forms and the supporting documentation needed depend upon the local court rules of the county in which the divorce is pending. On January 1, 2016, significant changes to Illinois’ divorce laws will be taking effect. One of these changes is that one financial disclosure form will be used statewide in all divorce cases. This will eliminate the different forms for different counties that exist now. Additionally, this new law will require each party to support his or her financial affidavit with documentary evidence, such as income tax returns, pay stubs, and banking statements. It is important to note that parties’ financial affidavits and supporting documentation are not filed with the Court or made a part of the public record, just exchanged between the parties.

Recent Post

Addiction and Child Custody Cases in Illinois

Addiction is understandably a sensitive subject when parents disagree about how they will care for their children.  Whether it is the mother or the father, or both, who have addiction issues, the court’s primary objective in these cases remains the best...

Illinois Child Support: A Comprehensive Guide

Navigating the complexities of child support in Illinois can be a daunting task for many parents. Whether you are going through a divorce or seeking to understand your obligations or entitlements, having accurate information and good legal counsel crucial. In this...

Key Differences Between Illinois Prenups and Post-nups

Illinois Premarital Agreements Most people have heard of premarital agreements (often referred to as "prenups").  The law defines prenups as contracts drafted and signed by a couple prior to their marriage.  Illinois has a statute, known as the Illinois Uniform...

Divorced Parents Disagree over Covid Vaccines

Now that Covid vaccines are approved for children that are 12 years of age and older, some Chicago divorced parents disagree over Covid vaccines. Specifically, some divorced parents disagree as to whether their children should receive the vaccine.  Some parents...

categories

If you are looking for legal advice and representation with an Illinois divorce, schedule a consultation with experienced Chicago divorce attorney, Tanya Witt, at (312) 500-5400 or info@thewittlawfirm.com.

Representing men and women in Chicago divorce and child custody cases.

This blog does not constitute legal advice. Please consult with an attorney regarding your specific case.