• Chicago Downtown Office
    • 20 N. Clark Street, Suite 3300 Chicago, IL 60602
  • Northbrook, IL Office
    • 5 Revere Drive, Suite 200 Northbrook, IL 60062

Lookout! 10 Tax Considerations in Divorce

Published
Categorized as Divorce

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

Continue Reading »

How Does Length of Marriage Impact an Illinois Divorce?

Published
Categorized as Divorce

In an f, 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 that

Continue Reading »

Fears About Speaking With a Divorce Lawyer

Published
Categorized as Divorce

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? 

Continue Reading »