Getting a divorce can be complex as well as harrowing. Though most divorce lawyers are experts in their domain, not all are capable of giving an honest opinion about your legal rights. When you hire a divorce attorney, you are entrusting him/her with the most sensitive aspects of your life. Consequently, a divorce attorney should not only be able to understand your personal situation and … Continue reading HOW DIVORCE LAWYERS CAN LEND A HELPING HAND IN DIFFICULT TIMES
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Maintenance Merry Go Round: Further Changes to Illinois Maintenance Law
Introduction Under longstanding tax law, maintenance was tax deductible by the payer and taxable income to the recipient. By using maintenance, families could shift income from a higher earning spouse’s upper tax rate to the lower earning spouse’s often negligible tax rate. As a result, families had more cash available to divide as part of the divorce settlement. Due to recent changes in federal tax law, original … Continue reading Maintenance Merry Go Round: Further Changes to Illinois Maintenance Law
No Kidding: How to Talk to Children about Your Divorce
Regardless of their age, kids are the worst affected during a divorce. Statistics reveal, nearly 50 percent of all American kids witness their parental separation by the age of 16, affecting their physical and emotional state of mind. Sadly, when they are unable to cope with the stress, they display upsetting reactions of shock, gloominess, frustration, and anger. More often than not, divorcing couples become … Continue reading No Kidding: How to Talk to Children about Your Divorce
Headed for Divorce? Know What to Do and What to Skip
A divorce is one of the most stressful events in an individual’s life. Couples often experience mixed feelings of sadness, betrayal, depression, anger, and fear, forcing them to take certain actions, only to regret them at a later stage. If you are heading for a divorce, the emotional turbulence during this period can be very upsetting, leaving you in no state to make decisions in … Continue reading Headed for Divorce? Know What to Do and What to Skip
A Guide: Separating Is Better Than Being in a Bad Marriage
When two individuals marry, their intentions are often to live a happy married life and care for each other. However, the soaring divorce rates in the U.S. tell us that the intention of living happily-ever-after is seldom achieved. Furthermore, numerous American couples are enduring a bad marital bond either because they do not want to break up or wrongly believe their relationship is salvageable. If … Continue reading A Guide: Separating Is Better Than Being in a Bad Marriage
The New Tax Law and It’s Impact on Illinois Divorce
By Melissa Rister, CPA, CDFA at Peskind Law Firm There has been a lot of concern and excitement surrounding the new tax laws. Here are several changes that could impact already divorced couples or those considering a divorce in the future: Net Incomes are changing: Standard deductions have been increased while the deductions for dependents have been eliminated. There are caps on the amounts … Continue reading The New Tax Law and It’s Impact on Illinois Divorce
Critical Child-Custody Questions to Ask Your Divorce Attorney
Divorce cases are tricky in themselves, but the situation can become more convoluted when children are involved. Questions pertaining to their custody run amok in every responsible parent’s mind. Getting accurate child custody information can help the parent be in control of the situation. This information can also help him/her prepare for the case and even win the custody. An experienced divorce lawyer can help … Continue reading Critical Child-Custody Questions to Ask Your Divorce Attorney
4 Steps for Dividing Property in an Illinois Divorce
In any divorce, the divorcing couple must divide their property. When they own little, this task is simple: they simply need to divide their few items. But in cases where the couple has a substantial net worth or own a business, the process is more complicated. Here are the 4 steps to divide property in an Illinois divorce. 1) Identification of Property The first step … Continue reading 4 Steps for Dividing Property in an Illinois Divorce
5 Ways to Strengthen a Marriage and Avoid Divorce
For long, it was believed that about half of the marriages in the U.S. end in divorce. However, this is a long-standing, depressing myth that stemmed from surveys in the late 1970s and the early 1980s after the introduction of no-fault divorce. The data has been blatantly repeated on texts ever since. According to the latest data, the divorce rate in the U.S. in 2016 … Continue reading 5 Ways to Strengthen a Marriage and Avoid Divorce
4 Things to Bear in Mind When Negotiating Child Support
Divorce adversely affects all the members in the family. Besides, the divorcing couple has to make several tough decisions like splitting the money and the joint assets. Most of these are one-time decisions that can be made and altered according to the needs of the couple and the children. Child custody and child support payment decisions, on the other hand, are the trickiest part of … Continue reading 4 Things to Bear in Mind When Negotiating Child Support