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Divorce and Business Ownership: Will I Lose My Business in Divorce?

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Divorce and Business Ownership: Will I Lose My Business in Divorce?

For many couples going through a divorce, the thought of having to dissolve and sell one spouse’s business is a harrowing one. While the Illinois Marriage and Dissolution of Marriage…

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Tax Strategies for Divorce

A number of people are concerned about the loss of the alimony deduction next year and whether they will be able to finalize their divorce by December 31, 2018 so…

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How Divorce Can Affect Your Child’s School Arrangements

In 2016, Illinois stopped using the term ‘custody’ and began referring instead to the allocation of parenting responsibilities and parenting time, with the former referring to responsibility for decision making…

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Parenting Time and the Holidays

As the holidays approach, many divorced couples are starting to grapple with how to handle time-sharing issues over the next few months. Fortunately, when couples divorce in Illinois, they are…

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This Year’s Illinois Maintenance Law Changes

Late last year, the Illinois Legislature approved an amendment that made significant changes to the state’s spousal maintenance law. Before these changes were enacted, both the amount and duration of…

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Dividing Debt During Divorce

Most couples go into divorce proceedings expecting to grapple with issues like child custody, alimony, and dividing assets, but many are surprised to learn that both assets and debts must…

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