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Divorce Archives

Parents likely to get more child support in some states

Child support is often a major part of a divorced parent's income. Although losing the second salary in the home after divorce might make it challenging to juggle all of the expenses a couple was able to manage, child support helps ensure the children have what they need. The amount of child support that is awarded to a parent varies by location. Custodial parents in Illinois may have to budget more income for their children's expenses than those in Nevada or Washington.

Divorce can affect children's higher education plans

For many Illinois families, divorce brings about a wide range of changes, including emotional, social and behavioral changes. However, one change that might not be so obvious during the process, is how divorce will affect the children's higher education plans. A study has found that for white children in particular, divorce is factor in whether they attend college or not.

Buying out a spouse's share of the home in a divorce

When Illinois couples who own a home get a divorce, one may want to buy out the other. However, the person should first find out the answer to several important questions. One is how much equity is in the home. This can be determined in several different ways. A full appraisal is the most accurate, but it can be expensive and time-consuming, so some couples opt for quicker methods.

Quantifying the value of a caregiver

For the most part, both men and women in Illinois agree that parents who act as caregivers to their children play an important role in a marriage. However, men and women tend to disagree over how much a stay-at-home parent should receive in a divorce settlement. A study involving roughly 3,000 people asked participants to read a scenario about a couple who divorced after having three children. Both the husband and wife worked until the couple's first child was born.

Tasks to complete after a divorce

Filing the last of the divorce paperwork can be a big relief for couples in Illinois who are splitting up, but there is usually still more work to be done after the divorce. For example, a spouse may need to be removed from a health insurance policy, and one spouse may need to find another source for medical insurance.

How to handle cryptocurrency assets in a divorce

Some people in Illinois who are getting a divorce may suspect a spouse of hiding cryptocurrency assets. This can be particularly easy to do if the cryptocurrency is purchased directly and then moved offline. However, penalties for hiding assets in a divorce could include getting fewer marital assets and going to jail for contempt of court.

Changes to spousal maintenance in Illinois

Legal changes over the past years have affected the way spousal support or maintenance is calculated in Illinois. Maintenance, once known as alimony, is a post-divorce payment from one spouse to the other to help provide a financial equalizer, especially when there is a significant earning disparity between the parties. Before 2015, maintenance payments were awarded at the discretion of the court, taking into account a range of factors such as each party's income and property, their respective earning capacities and the length of the marriage.

Major reasons why people choose divorce

There are a number of reasons why people in Illinois may decide to end their marriage, but some are more common than others. One study examined people who had participated in a premarital communication program but later divorced; they were asked about the reasons for their divorce 14 years after their original involvement with the program. The study aimed to understand what kinds of issues contributed most to their decision to separate.

Changing tax rules for divorce in 2019

The dawn of the new year in 2019 will also mean the introduction of new tax rules that could significantly affect Illinois couples planning on divorce. The end of 2018 will also be the end of alimony tax rules that have remained settled for decades; while the change will not affect couples who have already finalized their divorce, it will apply to everyone who ends their marriage moving forward. Many people are concerned about how the changing treatment of alimony could affect the potential of a divorce settlement.

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Gauthier Family Law

Gauthier Family Law
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Vernon Hills, IL 60061

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