There are so many things to worry about in a divorce case, that you might put taxes at the bottom of your list, or not think of them at all. However, tax implications should be factored into all settlement negotiations. Consulting a tax professional early on can help you understand how divorce will change your
Continue Reading »If you know someone who has gone through a divorce in the Chicago area, you’ve likely heard about the emotional, psychological, and financial costs involved. Divorce is rarely inexpensive, and the cost of hiring a divorce lawyer can vary significantly based on factors like case complexity, the attorney’s experience, and the fee structure. So, how
Continue Reading »Are you thinking about getting married again? It’s a big step that deserves careful thought, especially if you have been married, and divorced before. This guide isn’t just a list of to-dos; it’s here to help you explore important questions and considerations if you are planning to remarry after a divorce and to make sure
Continue Reading »Divorce cases are inherently complicated. And this complexity can increase in high-asset/high-net-worth divorces. In such high-net-worth Illinois divorce cases, maintenance, formerly called alimony, often becomes a significant issue that the parties will have to work out or the Court will have to decide. Navigating this process can be overwhelming, but having the right attorneys to assist
Continue Reading »Managing parenting responsibilities during a divorce can be challenging, particularly for high-level executives like CEOs or those in demanding roles. Balancing demanding work schedules with parenting time might seem almost impossible. However, there are strategies to help create a parenting time schedule that maximizes involvement and ensures both parents participate in decision-making for their children.
Continue Reading »Filing joint tax returns during a divorce? Here’s what you need to know about protecting yourself from unexpected tax liabilities related to joint tax returns and Innocent Spouse Relief. In most divorce cases, filing joint tax returns proves more financially beneficial for both parties, whether it helps secure a refund or reduce tax liabilities. Any
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