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July 2014 Archives

Illinois hedge fund owner files for divorce

The founder of a $20 billion hedge fund is seeking to end his 11 year marriage. Kenneth Griffin filed for divorce on July 23 in an Illinois state court. Griffin, who has a net worth estimated at $5.6 billion, cited irreconcilable differences as the reason for the filing, and he is seeking joint custody of the couple's three children.

What is legal separation?

Couples living in Illinois who may not be ready for a divorce may want to consider pursuing a legal separation. While legal separation is a formal arrangement and is approved by a judge, it does not legally end the marriage.

Illinois rapper wanted after missing child support hearing

An arrest warrant was issued for rapper Chief Keef after the 18-year-old failed to appear at a hearing regarding back child support that he allegedly owed to the mother of his 17-month-old child. A petition had been filed by the state in June of 2014 alleging that the man owed more than $10,000 in back child support.

Best practices for dividing a house during divorce

Illinois couples who own a home and are considering divorce may need to think about how they want to divide up the house and whether either of them will try to purchase a new house soon. Purchasing a house before a separation or divorce is official may cause problems. Both spouses will be considered to have an interest in the house unless the one not involved in the purchase signs a quitclaim deed releasing that interest.

Weighing asset division issues during a later-life divorce

Illinois spouses who may be facing a divorce may be interested in an article discussing the trend toward a higher rate of later-life divorces. Certain factors should be taken into account with regard to asset division in such a divorce.

State takes custody of teen after mom accused of medical abuse

On July 2, an Illinois judge determined that a 16-year-old boy from Kansas City was to remain in protective custody and away from his mother for the next 90 days. According to the report, the decision was made after a doctor gave testimony indicating that it was believed that the boy was suffering from medical child abuse.

McCourt to get $1.9 million from ex-wife for divorce fees

After roughly three decades of marriage, Frank and Jamie McCourt agreed to dissolve their marriage. Their settlement agreement included clear language demonstrating an intent to end divorce litigation, according to a judge's decision. Toward that end, the terms included an option to seek reimbursement of attorneys' fees in the event that the other party contested the settlement. When Jamie McCourt contested the agreement, the judge reportedly ruled that she pay her ex-husband's $1.9 million legal expenses spent fighting to uphold the original settlement.

Indiana Pacers player in paternity and child custody battle

Illinois basketball fans may be interested in the custody battle that one player is facing in a New York court. He is seeking sole custody of a 2-month-old girl should a post-natal paternity test show that he is the biological father.

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