If you are going through a divorce in Chicago, you may wonder what happens to your property, savings, and debts. Illinois follows equitable distribution rules, which means the court divides assets in a way it considers fair, not necessarily equal. Understanding how...
Anne Prenner Schmidt, Esq., Master of Laws
Firm News
Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748)
Similar to disaster relief bills of the past, The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) or the (“Bill”) adds flexibility to the use of retirement funds by waiving the 10 percent early withdrawal penalty for distributions up to $100,000...
Q&A with Anne Schmidt
WITH ANNE PRENNER SCHMIDT THE LAW OFFICES OF ANNE SCHMIDT LLC Q: How does a Collaborative Divorce differ from a typical litigated divorce? A: Divorce can be one of the most difficult and emotional periods in life. Compounding that stress with needless and costly...
Dynamic Women
ANNE SCHMIDT MANAGING PARTNER, THE LAW OFFICES OF ANNE SCHMIDT, LLC Anne Prenner Schmidt is an accomplished family lawyer and certified Mediator. She draws on her legal and business experience to help resolve the issues that arise during the difficult process of...
Modern Moms
ANNE SCHMIDT Managing Partner The Law Offices of Anne Schmidt My family law practice specializes in collaboration and mediation to help clients avoid a litigated process. My goal is to help people realize that there is a different way to work through the dissolution...
Child Support and Maintenance Enforcement QDROs: Working Smarter, Not Harder
Learn how QDROs can also be used as an enforcement tool to pay maintenance or child support, and how you can retrieve all or a portion of the child support arrearages from the non-custodial spouse’s retirement plan. Originally recorded as part of Child Support and...
Supreme Court Refuses to Hear Texas Same-Sex Benefits Case
In what will be seen by many as a victory for the Christian right and a blow to the LGBTQ community, the U.S. Supreme Court let a challenge go forward this week to Houston’s practice of providing benefits such as health insurance to the same-sex spouses of city...
The Possible Impact to Employee Benefits Under the Proposed “Tax Cuts and Jobs Act”
This article was co-authored by Patrick T. Ryan and Anne Prenner Schmidt In many cases, Employee Benefit plans represent the most valuable asset accumulated during the marriage. Dividing these funds in the event of a divorce can be a complex process and often have...
Navigating Health Care Costs in Divorce
If you are wondering what will happen to your health insurance coverage upon divorce, you are not alone. It is no secret that the cost of individual coverage is rising, and uncertainty about the continuation of the Affordable Care Act “Obamacare” post-election has...
Divorce and Public Pensions
The news has not been good lately for U.S public pensions. Long term returns for U.S public pensions are expected to drop to the lowest levels ever recorded, as cities across the nation are faced with massive pension deficits. There is a real possibility that retirees...