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Is Unemployment Compensation considered income?

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Categorized as Child Support

Adding to last weeks blog, we continue to discuss the income that is considered when calculating child support. What about if you have a capital account where your employer distributes shares of your company’s performance to you as a benefit of your employment?. In In re Marriage of Winne, 239 Ill.App.3d 273, 606 N.E.2d 777,

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MAINTENANCE

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Categorized as Spousal Support

Illinois Law (Section 504) provides that a party to a divorce or legal separation may be awarded maintenance (formerly known as alimony) after the Court considers all of the relevant factors of the case. In deciding whether to award a party maintenance from their spouse, the Court will consider the needs of each party, the incomes of each

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Taxes and Divorce

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Categorized as Child Support

When it comes to issues of maintenance, claiming dependent exemptions, and allocating deductions, there are important tax considerations. Understanding the tax ramifications of each issue is often critical in ensuring compliance with the Internal Revenue Service Code and avoiding significant penalties. With tax season upon us, the following is a brief overview of basic tax

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When to Determine College Contribution

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Categorized as Child Support, College Expenses

  It is surprising to many parties that they can be ordered to contribute to their children’s college tuition and expenses upon a divorce, or a parentage order goes into effect, when there isn’t a legal requirement to contribute to same otherwise.  However, whether or not parties will be contributing to their children’s college education

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My Divorce Judgment Allowed My Ex-Wife To Stay In Our Marital Home For Three Years, And Then Refinance It. Now She Says Her Credit Won’t Allow Her To Refinance And She Is Refusing To Put The Property Up For Sale. What Can I Do?

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Categorized as Illinois Divorce, Property Division

It’s important that your settlement agreements provide for scenarios such as these. If someone is ordered to do something, and they do not do it, then enforcement procedures will be necessary. A good draft of your settlement would allow for a series of events to occur however, without having to go back to court. In

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Is my Workers’ Compensation considered income?

Published
Categorized as Child Support

As part of the court’s determination of net income for purposes of setting an award for child support, the court, under 750 ILCS 5/505(a)(3), considers unemployment compensation as well as workers’ compensation awards within the scope of the statutory definition of “net income.” In In re Marriage of Dodds, 222 Ill.App.3d 99, 583 N.E.2d 608,

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