Divorce is a complex life event with emotional and financial dimensions. While it’s easy to get caught up in the immediate turmoil, it’s crucial to think strategically about your financial future, including the tax implications that come with a change in marital status. Let’s discuss some ways to navigate divorce and taxes for the best […]
Taking the first step towards legal representation during a divorce can be daunting. A phone consultation with a divorce lawyer offers a valuable opportunity to explore your options, assess compatibility, and gain preliminary insights into the legal process. However, it’s important to set realistic expectations and understand the limitations of a consultation with a divorce […]
When going through a divorce in Illinois, understanding your financial rights is crucial. This means knowing what assets you’re potentially entitled to and ensuring everything is on the table during negotiations. Hiding assets during a marriage or divorce is known as financial infidelity. Separate vs. Marital Property: What’s Yours? Illinois law divides your belongings into […]
Maintenance, also called alimony, involves one spouse potentially paying the other for financial support after divorce. I am asked a lot about whether it has to be paid, when its paid and for how long. So here is a breakdown about maintenance in the State of Illinois. What is Maintenance in Illinois? Simply put, maintenance, […]
During an Illinois divorce, one of the key things is how to divide your marital property. This can be confusing, so here’s a basic breakdown. This post is not legal advice — if you need legal advice, you should hire a lawyer. What is Marital Property? Basically, any asset acquired during your marriage is […]
Why “Simple” Divorces Aren’t So Simple (And Why You Need A Lawyer) You’ve heard it before: a “simple” divorce. It sounds so easy, right? Unfortunately, the world of law doesn’t usually work that way. If it did, why would lawyers have reputations for finding loopholes?? Think Lawyers Have It Easy? Think Again Lawyers […]
You might think the term “divorce without assets” means you own absolutely nothing. That’s not always true. In legal terms, assets include everything from your bank account and car to your clothes and furniture. Even if you don’t feel wealthy or have a big bank account, you still own things that have to be sorted […]
Getting divorced is stressful. Dealing with health insurance shouldn’t add to that stress. This guide makes understanding open enrollment after divorce easier, so you can focus on a fresh start with the right medical coverage. Most employers have a contract with the insurance company that defines who is eligible for health insurance. Divorce generally disqualifies […]
Divorce is never easy, and it can really drain you emotionally and financially. But did you know the timing of your divorce can impact your taxes? If you’re thinking about divorce, filing early in the year could save you some Tax Day headaches. The Basics of Divorce and Taxes Taxes are all about your […]
There is no best answer when it comes to your house in a divorce. But, here are the common ways a divorcing couple can resolve what to do with the house in a divorce. Selling the House in a Divorce A lot of couples sell their house during a divorce. This gives you both […]
