Month: November 2018
Headed for Divorce? Know What to Do and What to Skip
A divorce is one of the most stressful events in an individual’s life. Couples often experience mixed feelings of sadness, betrayal, depression, anger, and fear, forcing them to take certain actions, only to regret them at a later stage. If you are heading for a divorce, the emotional turbulence during this period can be very…
A Guide: Separating Is Better Than Being in a Bad Marriage
When two individuals marry, their intentions are often to live a happy married life and care for each other. However, the soaring divorce rates in the U.S. tell us that the intention of living happily-ever-after is seldom achieved. Furthermore, numerous American couples are enduring a bad marital bond either because they do not want to…
The New Tax Law and It’s Impact on Illinois Divorce
By Melissa Rister, CPA, CDFA at Peskind Law Firm There has been a lot of concern and excitement surrounding the new tax laws. Here are several changes that could impact already divorced couples or those considering a divorce in the future: Net Incomes are changing: Standard deductions have been increased while the deductions for dependents…