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).…
Pets have always been considered property in the eyes of the law. A new state law, effective January 1, 2018, now allows a judge to determine custody for companion animals within the context of a divorce proceeding. The law, which…
The legal process of divorce can be overwhelming emotionally, especially as it relates to the financial disruption that occurs with the divorce process. Each divorcing person has an interest in protecting their financial future-not just the near term, but also…
The new year brought new laws. One of the most highly publicized, and impactful new laws brought significant changes to the U.S. tax code. If you are an individual seeking divorce you may be affected by this new law. Illinois’s…
The new year brought new laws. One of the most highly publicized, and impactful new laws brought significant changes to the U.S. tax code. If you are an individual seeking divorce, a homeowner or potential home buyer, or a business…