Bill and Melinda are divorcing after 27 years of marriage – one of the richest couples in the world. Famous for many things but included in their legacy is their philanthropy and the amount they have given away to charitable causes the least of which is their generous donations towards the fight against COVID-19. Bill
Continue Reading »Congress recently enacted the “American Rescue Plan Act of 2021” which has recently provided and will continue to provide thousands of dollars in stimulus funds to many families. The bill provides different amounts to different people who fall into different adjusted gross income brackets, and also varies by filing status. Third Stimulus Check – What
Continue Reading »One of the most overlooked areas in a divorce decree is the tax implications of the agreement. Family Law Attorneys are not ethically able to give tax advice in Illinois, which is why clients are often encouraged to speak to their accountant regarding the tax implications of a divorce decree. However, there are general, important
Continue Reading »When it comes to planning to divorce in Illinois, many people ask what they should do to prepare for divorce, and those lists are a dime a dozen. In my experience as a Chicago divorce attorney, it is far more common for people to make mistakes and do things they should not have done, which
Continue Reading »Right before a divorce is filed, spouses are usually in a hurry to try and protect their assets from a possible distribution at the time of a divorce. Sometimes this is done clearly in a bad-faith manner, such as gifts or transfers of money to a sister or girlfriend’s account. However, other times, the parties
Continue Reading »Although we tend to put judges on a pedestal, we need to remember that judges are people too. Outside of the vacuum of the Domestic Relations Division, family law judges attend social events, enjoy the outdoors, and participate in occasional club or organization meetings. That is why there are rules in place to ensure that
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