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People who divorce in Illinois may wonder about the financial effects of the end of their marriage, especially women. One study found that women who divorce see their income go down by over 20 percent, even while divorced men's income tends to rise by around 33...
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...
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...
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...
The Tax Cuts and Jobs Act of 2017 is having a major impact on how divorcing couples handle property settlements, particularly when it comes to alimony and spousal support. The effects are particularly significant for wealthy couples with high-asset divorces, as the...
Money problems are one of the many reasons why an Illinois couple may decide to get a divorce. Having a marriage full of financial issues can be extremely taxing to the point where constant arguments and bad feelings can ultimately lead to the end of a marriage....
For most people, the family pet is their best friend, and some even treat their pet as a child. It is evident that pets play a significant role in the family home, but it’s challenging to redefine their role during divorce proceedings. So how do we handle pets...
When parents in Illinois divorce, both spouses are usually committed to maintaining a strong relationship with their children. This is why discussions about custody and parenting time can often trigger conflict in what might otherwise be an amicable divorce. A custody...
In Illinois and across the country, an increasing number of Americans over the age of 50 are considering divorce. While the divorce rate for people of all ages has stabilized or even dropped since the mid-1990s, the opposite has been the case for people over 50....
Divorcing couples in Illinois might want to consider taking a collaborative approach to the process that focuses on leaving them both financially stable after the divorce is final. This is a growing trend among couples, and it often starts with hiring a financial...