${site.data.firmName}${SEMFirmNameAlt} Illinois Family Law And Litigation Attorney & Counselor At Law
Legal Representation With Personal Advocacy

August 2018 Archives

Divorces affected by changes to tax laws

When people in Illinois think about divorce, they may not consider the tax implications. However, the Tax Cuts and Jobs Act, passed into law in December 2017, has several significant effects on how taxes are handled for divorced people. One of the most important changes concerns the taxation of spousal support payments. Currently, and for the past 80 years, the person who pays alimony to a former spouse is able to deduct the amount from his or her annual tax return. The recipient, on the other hand, pays taxes on the income in his or her tax bracket.

What pregnant divorcing mothers should know

Future mothers that become pregnant during divorce proceedings have a lot to think about. On top of dealing with all of the stress that comes from separating from their spouses, now they have to worry about taking care of a child without a partner in a couple of months. The unborn baby also makes dividing assets much more complicated.

Dividing 401(k) plans and pensions during a divorce

Illinois couples who decide to get a divorce later in life may find that their priorities are different than couples who are going through a divorce at a younger age. In many cases, the children have already grown up, meaning that former couples will not have to make decisions about child custody and child support. On the other hand, they'll have to determine how retirement plans and other assets will be dealt with.

Email Us For A Response

Gauthier Family Law

Gauthier Family Law
945 Lakeview Parkway, Suite 170
Vernon Hills, IL 60061

Phone: 847-816-7781
Fax: 847-557-4090
Vernon Hills Law Office Map