Peskind Law Firm

Leading the way, Peskind Law firm has reinvented family law.Divorce today is complex, and legal expertise alone is insufficient for people to achieve a successful divorce. Lawyers are trained as courtroom advocates and negotiators, but we are not necessarily experts in financial planning or the emotional challenges of family break up.

Blog Authors

Latest from Peskind Law Firm

I recently wrote about the options for dividing, disposing of, or continuing to operate a business that was owned jointly by a divorcing couple. But, that’s just one of many scenarios that may arise when a business or interest in a business is at issue in a divorce case.  Here are the key questions in play when one spouse wholly or partially owns the business:  Is the business a marital asset?  The general rule is that an asset acquired during the marriage is a marital asset, and an asset one party owned prior to the marriage is not–even if…
Co-parenting under optimal circumstances requires prompt communication, incredible patience, and the flexibility to change a parenting arrangement with little, if any, notice. Some parents thrive with routines, while other parents adapt well to rapid changes. Rapid change for a child is called summer break, where the educational routines of the past nine months go out the proverbial window to be replaced by an active schedule that requires involvement from both of the divorced parents. In 2020, we are dealing with a new co-parenting paradigm that is the result of the COVID-19 pandemic. You can say summer break started three months…
Sharing parenting time can be a challenge, even when both parents live in the same town. Distance, of course, makes splitting time and exchanging children even more complicated. When the parents live in different states, there may be added legal issues and procedural requirements, as well.  Practical Issues in Interstate Custody Cases One obvious challenge in most interstate cases is the way travel time and expense may limit the options for parenting time. Of course, these limitations have more to do with distance than with state lines. When one parent lives in Elgin and the other in Lake Geneva, the…
Divorce When You Share a Business Division of assets in a divorce can be a difficult and contentious process under any circumstances. When there’s a business in the mix, the stakes are often higher and the process even more complicated. The options for divorcing business owners vary depending on several factors, such as:  Whether one party owned the business prior to the marriage How the business is structured and owned Whether there are outside owners of the business Whether there is a prenuptial agreement in effect Whether there is a buy-sell agreement Even within a category, the answer may not…
In recognition of the World Narcissistic Abuse Awareness Day on June 1st. Life with a malignant narcissist is crippling.  These cads chip away at your self worth and confidence every day. Like a slow-growing cancer, you often don’t recognize the danger until it’s too late. They always blame you even when it’s not your fault. After being told daily that you are worthless (both directly and indirectly), it’s hard not to believe it.    At the same time, these scoundrels make you believe that they are invincible and that only woe comes to those who cross them. Their preferred tool…
For most, their home is the single most valuable asset of the marriage. But did you know that in Illinois, if one owns a house prior to marriage, it is considered his or her non-marital property? Upon divorce, the owning spouse takes back the entire asset (including all the equity accumulated during the marriage). Whether you are already married to somebody who owned a home before the marriage or are planning to marry somebody who currently owns a home, you have a few options to protect yourself: • If you have not yet married, use a prenuptial agreement to protect…
Note that I have framed the title of this article in the negative: how to lose a custody case, rather than how to win one. Why is this? It is because there are no sure-fire ways to achieve a successful result in a child custody case. There are, however, ways you can assuredly lose one. Here are ten examples of how to “lose” a child custody case:   1.) Treat your children as extensions of yourself rather than as individuals. Some parents are so narcissistic they consider their children only as extensions of themself. It’s not always about you! The…
After we stabilize the family through temporary agreements or court orders, we work to develop an action plan to move forward.  Child Custody Issues Before tackling the financial issues, we must first determine whether there are any contested issues involving the children. Courts require parents to try to develop a joint parenting plan. The parenting plan reflects the parenting arrangements to be implemented after the judge approves the parenting plan during the divorce. Most parenting plans include(s): a parenting schedule for ordinary and holiday time the division of responsibility for decision making for the children and  other terms of how…
What is it that we do when you entrust your divorce case to us? Most are unaware of the ways their lawyer works for them “behind the scenes.” I am writing this article to shine a light on what we do to help our clients through this difficult time. The GO Meeting When you retain our firm, we schedule a GO Meeting with you. During this meeting, you can ask questions, and we invite your input with the initial planning. We treat you as one of the team throughout the case. Go stands for “Goals and Objectives.” During the GO…
With the recent COVID-19 shutdowns, self-quarantines, and social distancing, here is some useful information about your divorce: Court Procedures In the Chicago Metro area, all courthouses are closed until further notice, most probably until mid-April at the earliest. This means that judges will be unavailable to hear routine contested matters. Judges will continue to be available for emergency matters. We are told that some judges may conduct phone or video conferences to resolve non-emergency matters, but the procedures are still unclear. Very few matters are considered legal “emergencies,” so while something may seem pressing, it may not be considered an…
Division of Debt in a Divorce. Living on debt is reality for many American families. Obligations exceed cash flow, and people regularly borrow to make ends meet. And while managing heavy debt loads is commonplace, debt strains marriages and contributes to marital problems. So if the couple does end up in divorce court, how is the debt dealt with by the court?  The answer is that both property and debt are to be equitably divided in a divorce. This means that the judge is to divide property fairly and assign responsibility for debt. Some of the factors that a judge…
2005 – Present In 2005 Peskind Law Firm moved to its present location at 2445 Dean Street in St. Charles, where it remains today. The firm continued to concentrate in complex family law litigation. At this time, two exceptional lawyers worked with Steven: Gregory Makismuk, now a partner at a prominent local family law firm, and Vazken Kazandjian, now practicing family law at a boutique family law firm in Beverly Hills, California.  Starting in 2005 Steven became active with the American Bar Association Family Law Section. He frequently wrote and spoke on family law matters throughout the country. In 2007…
To enhance your chances of a successful divorce, your relationship with your attorney must be collaborative. While there is no guarantee that a collaborative relationship will get you what you want, there is a near certainty that without it, you will be deprived of your fair share. Here are ten ways for you to be a better partner with your lawyer in your divorce case: 1. Keep your lawyer updated. If there are any developments in your life, such as a new job, a death in the family, or any other significant happenings, make sure to advise your lawyer as…
1991-2005 In 1991 Peskind Law Firm operated out of offices located at 10 South River Street in Aurora. In addition to Steven and David, the firm had grown to include several associate lawyers, a CPA, and several legal assistants. The firm continued to expand its family law practice in addition to handling personal injury cases, commercial litigation, and real estate. Due to David’s long-standing reputation as an attorney with integrity, the firm was always busy. In July of 1991, while playing tennis at a Kane County Bar Association event, David suffered a fatal heart attack. David had no history of…
Illinois law requires divorcing parents to prepare a plan for parenting their children after the divorce. The plan must be presented to the judge for approval within 90 days of the case filing. Many work out the details without the help of lawyers or mediators. By working together parents can avoid conflict and save money. Both mom and dad know their children better than anyone and are in the best position to resolve issues without others’ input. This article summarizes some of the main talking points for parents seeking to resolve as many issues as they can on their own. …
I love the new year, which for me is an opportunity to reflect on the past year and an opportunity to assess new habits and set goals for the coming year.  And for those suffering through the pain of divorce, this is a time to both look backward and to look forward to a positive year. What does reflecting on the past year allow? The backward lens allows you to consider the events that brought you to where you are today. An ability to remember (and appreciate) some of the positives in your life that you may overlook during periods…