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Contributions to College Expenses in Illinois | Part Two

In part one of this article I gave you a brief overview of section 513 of the Illinois Marriage and dissolution of Marriage Act, which deals with contribution to your child's college expenses. In this part two, I will delve deeper into what some of the details and exceptions are to the general rule.

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Contribution to College Expenses in Illinois | Part One

Illinois is one of the few states that compels divorced parents to contribute to their children's college or post-high school education. Yes, that's right, even after your children emancipate and are done with high school, Illinois requires you to keep on giving.

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Life After Divorce in The State of Illinois

The new year is an opportunity for a fresh start. This is your chance to reflect on the year that has gone by, plan for the future and renew hope for happiness and success.

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How to Protect Your Finances in An Illinois Divorce

Divorce has the potential to devastate your personal finances. If you have already filed for divorce or if you and your spouse are nearing a divorce, there are some important steps to take to protect your finances.

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Planning for Your Child’s College Expenses After Divorce

Illinois winters have the potential to be quite depressing. We hardly get any sunshine, the days are egregiously short and the cold is nearly unbearable.

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Tip #2: If You Want to Spend Time with Your Kids, Don’t Leave Them!

For those of you who have children, leaving the marital residence has awful implications. Unless you're taking the children with you or unless there is already a parenting plan of some sort in place, by leaving the marital residence you have almost guaranteed that you are not going to be seeing your children as much.

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Tip #4: You Are Not an Atm.

One of the most critical areas at the beginning of a divorce are your financial accounts. If your wife files for divorce, or if you are planning for filing for divorce you need to lock these accounts down immediately.

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Tip #5: How “Social” Can You Afford to Be?

One area that is increasingly more critical every year, is social media accounts. The rise and pervasiveness of social media over the past five years has been nothing short of frightening.

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Tip #1: Don’t Move out Of the House, or You’ll “Pay” for It.

When men come in for a divorce consultation, or just seek advice about how to plan for a divorce, they've already taken steps to leave the marital residence. This is one of the most common financial mistakes men make. Don't do it!

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