Custody Agreement between Assets Premier Money Trust and The Bank of New York dated 00/00. 43 pages.
A custody agreement, also known as a parenting plan or custody arrangement, is a legal document that outlines the rights and responsibilities of parents in regard to their children's custody and visitation in the city of Chicago, Illinois. In the state of Illinois, there are two main types of custody agreements that can be used in Chicago: 1. Joint Custody Agreement: This type of agreement allows both parents to share the physical and legal custody of their children. It emphasizes the importance of cooperation and communication between the parents, as they both have a say in making major decisions regarding the child's upbringing, education, healthcare, and religion. A joint custody agreement aims to ensure that both parents maintain a substantial and meaningful presence in their child's life. 2. Sole Custody Agreement: In this type of agreement, one parent (the custodial parent) is granted physical and legal custody of the child, while the other parent (the non-custodial parent) may be granted visitation rights, also known as parenting time. The custodial parent is primarily responsible for making daily decisions about the child's life, including education, healthcare, and extracurricular activities. Within these two main types of custody agreements, various factors may be taken into consideration while determining the details, such as the child's age, the parents' work schedules, the child's school proximity, or any special needs the child may have. Apart from the main types of custody agreements, some additional considerations that may be addressed within a Chicago custody agreement are: 1. Visitation Schedule: This section sets out the specific schedule for the non-custodial parent's visitation time with the child, including regular weekly visitation, holidays, vacations, and special occasions. 2. Communication Protocol: Describes how both parents will communicate with each other and with the child, including phone calls, emails, texts, and other forms of electronic communication. 3. Transportation: Specifies how transportation arrangements for visitation exchanges will be handled, including drop-off and pick-up locations, responsibilities, and any necessary provisions for long-distance travel. 4. Dispute Resolution: Outlines the process for resolving any disagreements or modifications to the custody agreement, such as mediation or involving the court system. 5. Relocation: Addresses the issue of a parent's potential relocation and how it may impact the custody arrangement, including notice requirements and potential modifications to the agreement. 6. Parental Responsibilities: Outlines the duties and responsibilities of each parent, emphasizing the importance of maintaining a safe and healthy environment for the child, promoting their emotional well-being, and fostering a positive relationship with both parents. It is important to note that while custody agreements are legally binding, they can be modified or amended if there are substantial changes in circumstances or if both parents mutually agree to modify certain terms. However, any modifications must typically be approved by the court to ensure the best interests of the child are upheld.
A custody agreement, also known as a parenting plan or custody arrangement, is a legal document that outlines the rights and responsibilities of parents in regard to their children's custody and visitation in the city of Chicago, Illinois. In the state of Illinois, there are two main types of custody agreements that can be used in Chicago: 1. Joint Custody Agreement: This type of agreement allows both parents to share the physical and legal custody of their children. It emphasizes the importance of cooperation and communication between the parents, as they both have a say in making major decisions regarding the child's upbringing, education, healthcare, and religion. A joint custody agreement aims to ensure that both parents maintain a substantial and meaningful presence in their child's life. 2. Sole Custody Agreement: In this type of agreement, one parent (the custodial parent) is granted physical and legal custody of the child, while the other parent (the non-custodial parent) may be granted visitation rights, also known as parenting time. The custodial parent is primarily responsible for making daily decisions about the child's life, including education, healthcare, and extracurricular activities. Within these two main types of custody agreements, various factors may be taken into consideration while determining the details, such as the child's age, the parents' work schedules, the child's school proximity, or any special needs the child may have. Apart from the main types of custody agreements, some additional considerations that may be addressed within a Chicago custody agreement are: 1. Visitation Schedule: This section sets out the specific schedule for the non-custodial parent's visitation time with the child, including regular weekly visitation, holidays, vacations, and special occasions. 2. Communication Protocol: Describes how both parents will communicate with each other and with the child, including phone calls, emails, texts, and other forms of electronic communication. 3. Transportation: Specifies how transportation arrangements for visitation exchanges will be handled, including drop-off and pick-up locations, responsibilities, and any necessary provisions for long-distance travel. 4. Dispute Resolution: Outlines the process for resolving any disagreements or modifications to the custody agreement, such as mediation or involving the court system. 5. Relocation: Addresses the issue of a parent's potential relocation and how it may impact the custody arrangement, including notice requirements and potential modifications to the agreement. 6. Parental Responsibilities: Outlines the duties and responsibilities of each parent, emphasizing the importance of maintaining a safe and healthy environment for the child, promoting their emotional well-being, and fostering a positive relationship with both parents. It is important to note that while custody agreements are legally binding, they can be modified or amended if there are substantial changes in circumstances or if both parents mutually agree to modify certain terms. However, any modifications must typically be approved by the court to ensure the best interests of the child are upheld.