Divorce can be one of the most stressful experiences in life. Knowing what to expect and being prepared may reduce the worry associated with the experience. Below are some important tips to remember when going through the divorce process. Before…
One of the primary issues in a divorce is how assets are allocated as well as the division of debts acquired throughout a marriage. Cooperation from both parties can result in a smoother divorce process. Some marital assets that are…
Many divorces are completed without specific payment amounts referenced for college expenses. This scenario often results from the reality that when the divorce is finalized, the child may be too young to correctly project the actual college costs, therefore these…
Child custody is very often the most highly challenging aspects of a divorce in Illinois and Indiana. Should the divorcing parents not reach an agreement on parenting time and decision-making issues (custody rights), the court will decide the issue by…
Divorce can be one of the most stressful life experiences for many obvious reasons. Once the proceeding is completed and a Judgment for Dissolution has been entered ending the legal relationship, take the time to process what just transpired and…
Experiencing a divorce can be one of the most stressful experiences in life. However, being informed, knowing what to expect and preparing for important steps may reduce the strain associated with the experience. Below you will find some tips to…
Many divorces are completed without specific payment amounts referenced for college expenses. This scenario often results from the reality that when the divorce is finalized, the child may be too young to correctly project the actual college costs, and therefore…
Allocation of Assets A primary issue in divorce is the allocation of assets and the division of debts acquired throughout the marriage. Cooperation from both parties can result in a smoother divorce process. Marital assets subject to division can include…
The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. To ease the transition brought by the new law, the application of many individual tax changes were pushed back to take effect until 2019. One…
Throughout a marriage, couples acquire assets, that later are often deemed “marital property”. In the course of a divorce proceeding, if the spouses cannot agree, the court will decide the manner and amount of the division of assets (and debts).…