When a new tax season is upon us, we are often asked by our clients what tax considerations come up in divorce. If you have recently divorced or are considering divorce, here are 10 tax issues that arise in divorce 1. Child Support Child support payments are not tax-deductible by the parent paying child support
In an Illinois divorce, the length of a marriage often has a major impact on how the parties’ financial issues are decided. In general, this is because a long marriage means that the parties’ lives have been intertwined for a longer period, during which they’ve likely accrued more assets, and possibly debts, than a marriage
When you are first facing a divorce, whether you are the one wanting a divorce or not, the fear of the unknown can seem daunting to many. Common fears that come to mind: Will I lose the ability to see my children? Will I lose my pension? What about the house, who will get it?
The attitudes of Illinois family law judges about how children should be raised, and their time divided between parents, have changed significantly over the last fifty years or so. Judges used to believe, and rule–almost universally–that children needed to spend the majority of their time with the mother, and that the mother was inherently more
Recently, the Illinois Appellate court addressed the issue of the date used in determining dissipation as raised by the divorce case In Re Marriage of Sinha. (In re MARRIAGE OF JYOTI SINHA and MUKESHA K. SINHA, 2021 IL App (2d) 191129, No. 2-19-1129) The court found when determining dissipation, you use the date when the marriage
Oftentimes while a family law case is pending, parents will need or want to move with their minor children. The child relocation law in Illinois as of 2021 indicated that you need to seek approval for relocation from the Court if you want to move your minor child(ren) more than 25 miles away from their
When you need trusted family law counsel and compassionate representation, you can turn to the Law Offices of Anderson & Boback. Our Chicago divorce and family law attorneys bring decades of experience fighting for every client. Included in SuperLawyers and ranked among the top 5% of attorneys. We offer exceptional representation to help you move your life forward.