Month: December 2018
Maintenance Merry Go Round: Further Changes to Illinois Maintenance Law
Introduction Under longstanding tax law, maintenance was tax deductible by the payer and taxable income to the recipient. By using maintenance, families could shift income from a higher earning spouse’s upper tax rate to the lower earning spouse’s often negligible tax rate. As a result, families had more cash available to divide as part of the divorce…
No Kidding: How to Talk to Children about Your Divorce
Regardless of their age, kids are the worst affected during a divorce. Statistics reveal, nearly 50 percent of all American kids witness their parental separation by the age of 16, affecting their physical and emotional state of mind. Sadly, when they are unable to cope with the stress, they display upsetting reactions of shock, gloominess,…