When parents in Illinois are going through a divorce, one may be worried about the child's safety with the other parent. This was the case for one parent who said the child's mother drank too much. When they separated, she took their 7-year-old son and cut off contact even though the father had been the son's main caregiver his entire life. The father was worried that she would drink and drive with their son in the car.
When Illinois parents decide to divorce, it is often a step taken after extensive thought and deliberation. Foremost in the mind of many parents is a concern about the emotional and psychological well-being of their kids following a parental divorce. The period surrounding a divorce can be confusing and upsetting for kids, but many children are emotionally resilient. Parents' actions and attitude can make all the difference in achieving a successful outcome for their children during and after a divorce.
Financial issues are one of the main reasons people in Illinois might experience marital discord. A survey by SunTrust Bank found that more than one-third of respondents said money is their main source of conflict in their relationship.
People in Illinois who are in opposite-sex marriages and who work in a field that is dominated by the opposite sex may be at a higher risk of divorce than those who work in fields that are more mixed or dominated by their own sex. This was the conclusion of a study that appeared in the journal "Biology Letters" on Sept. 25.
Older adults in Illinois may be more likely to divorce than the same age group was in 1990, and the risk may be even higher if the marriage is not the first or if it has not lasted very long. Compared to that year, the nationwide divorce rate for people who are 50 or older is now twice as high, and it is three times as high for those who are at least 65 years of age.
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.
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 tax effects are multiplied in higher income brackets. The changes will go into effect with the dawning of the new year in 2019, and many wealthy couples are moving quickly in order to finalize their divorces under the existing rules, which will remain in place until December 31, 2018. As long as a divorce is finalized before the end of the year, the former spouses will continue to retain their current tax treatment.
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. However, there are some solutions that can help get a marriage back on track.
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.
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. Unlike other demographic groups, Americans over 50 have doubled their rate of divorce since the 1990s, and approximately one-fourth of all divorces take place within the Baby Boomer generation.