In 2019 spousal support will no longer be a tax deduction. Contact us as soon as possible to finalize your divorce this year to maintain this tax benefit. A common tax deduction for alimony will be eliminated for any divorce finalized after December 31, 2018. This new law is part of the Republican tax overhaul President Trump signed into law late last year. The looming deadline has lawyers working overtime and their clients scrambling to become ex-spouses in a bid to avoid paying higher taxes. When a coupleContinue reading
You can learn more HERE! This article offers good tips to handle money situations that may come up after your divorce is finalized. After a divorce, you may find yourself discussing money with your Ex on a regular basis. While it may not always be easy to have these conversations, it’s important to maintain civility and focus on what’s best for you and your children. Prioritize Communicate Walters Law Group, Ltd. helps people and families with divorce and family law issues throughout Chicagoland. If you need help with aContinue reading
Ho can you stay connected with your kids after a divorce? You can learn more HERE. Never STOP pursuing your kids Make your time meaningful Make you home welcoming Make a fresh start Be respectful or your ex Be consistent Try to live near your kids Be sensitive and careful when you introduce someone new Divorce is never easy for you or your kids. These tips can help you stay connected with your kids after a divorce.
What should you know before you sign a prenuptial agreement? Forbes wrote a great article that discusses prenuptial agreements at length – CLICK HERE. Talk to a lawyer Each of you should have your own attorney Know your state’s marriage laws Make sure you do it right!
Telling your kids about your divorce can be tough on you and them. Use these tips to help them get through it – you can learn more HERE. This article offers very good tips! Be united with your spouse Talk as a family Pre plan what you want to say Expect different reactions and emotions Be open and available for questions
One of the most difficult things in life is to get out of an abusive relationship while you are still in love. You can learn more HERE. In order for you to have what you want in life something must change. These are some common obstacles that make it difficult to leave a relationship. Guilt Confusion Isolation Change is never easy, especially when you love and care for another person. Getting out of a bad relationship is never easy. Sometimes you have to endure pain and hardship to toContinue reading
According to Your Tango these are signs that may mean your marriage may be over. Sex is boring and mechanical. Many problems and few solutions. Name-calling, insults, belittling put-downs, and personal attacks aimed at embarrassing and hurting a spouse are all signs of divorce. Anger Cheating Selfishness The need to always be right Kissing is no longer passionate You don’t talk like you used to Too little and too much money
Divorce is, in general, a contentious process. While this is not always the case, it is the most common way the process turns out. It’s natural enough that the parties involved would struggle to agree on divorce terms and dissolve their union permanently, however a new tax law stands to increase the bitterness between divorcing parties by quite a bit. The Status of Alimony Out of all of the potentially sour aspects a divorce contains, alimony is perhaps one of the acridest. The individuals paying often resent theContinue reading
When a couple splits or parts ways, one of the most complex parts of the divorce process is the asset division piece. If a family business is involved, this will make the property division component that more involved. As part of the divorce process, many assets and liabilities will have to be divided between the parties, a business is no different. There are a few factors that will determine whether the business interest will be considered separate or marital. If the business interest was acquired during the marriage,Continue reading
According to Business Insider these are the 7 common reasons why people say they got divorced – you can read more HERE. Infidelity Substance Abuse Lack of commitment Too much conflict and arguing Growing apart Financial problems Getting married too young The above reasons make sense. If you need a lawyer who will speak honestly with you from the beginning of your representation through the end, and who “tells it like it is” to protect your interests, contact The Walters Law Group, Ltd. to schedule a consultation. Since 1995 we haveContinue reading