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Alimony troubles for NBA champ Dwayne Wade

 Posted on July 15, 2013 in Alimony

In an Illinois divorce, an Agreed Preliminary Injunction, or API, can require that the divorcing parties set up a shared bank account into which income should be deposited. Funds can then be allocated to the proper recipients, and this kind of agreement may be especially useful in a high-asset divorce.

Three-time professional basketball champion Dwayne Wade has recently run into legal trouble over what his former wife claims was a conspiracy to avoid putting money into a court-ordered account that was set up for Wade's marketing and endorsement income. Dwayne's ex, Siovaughn, has filed a lawsuit against him, his sponsors and his lawyers for civil conspiracy and breach of contract.

In 2008, when the former spouses divorced, they entered into an API stating that the entirety of Dwayne's income from endorsements should be deposited "immediately and directly" into an account the parties mutually chose.

After the court approved the injunction, Siovaughn says she sent documents to her ex's business partners to let them know that payments to Dwayne should go directly into the shared account. Her lawsuit claims that the API was breached when Dwayne and his business partners intentionally failed to comply. Siovaughn is seeking about $1 million in damages.

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What are the long-term effects of divorce on young children?

 Posted on July 10, 2013 in Child Custody

The results of a recent study may not be all that surprising to parents: that younger children tend to experience more long-term negative effects from divorce than do older children. Every case is different, of course. We established this blog to discuss these matters and more, so let us consider the study's recent findings.

A survey was created by researchers at the University of Illinois at Urbana-Champaign. The survey was posted online and garnered 7,335 respondents, most of whom were women. About a third of the respondents said their parents were divorced. In general, the findings relate to how close the attachment is between divorced parents and their adult children, as well as to how people's romantic lives are eventually affected if their parents were divorced.

The good news is that having divorced parents tended not to have a huge effect on the parent-child attachment later in life, though people who were young children when their parents split up did tend to be more anxious around or resentful toward their parents.

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