While the overall divorce rate seems to be declining in the United States, a certain demographic is seeing a marked increase in marriage breakups. For those who are over the age of 50, divorce is becoming more common. Pundits have termed this phenomenon “grey...
How adoption can impact your taxes
As the year comes to an end, it is time to look forward to next year. That also means preparing for tax time in Illinois. If you welcomed a new member in your family this year through adoption, you may see some benefits on your federal income taxes. The IRS explains...
Your home and mortgage in a divorce
For many married couples in Illinois who are also homeowners, their family home commonly represents their most significant financial asset. At the same time, the home loan that is associated with the property generally represents a couple’s most significant financial...
When is child support modification appropriate?
As much as Illinois parents may love their children, those with the obligation to pay child support may feel the burden is often too great. It is one financial responsibility that cannot be put off during weeks when money is tight, and missing payments can carry...
Four ways to settle a divorce outside of the courtroom
When you think of divorce, your mind may conjure images of angry couples shouting and scowling at each other in a courtroom. You might close your eyes and see a stern, dispassionate judge waiting to slam her gavel and decide your fate and those of your ex and...
