Month: December 2017

Alimony and the new tax bill

Illinois residents who are considering a divorce might eventually negotiate for alimony payments. As a result of the tax legislation that was signed into law in December, they might also be concerned with the changes the bill will have on the tax implications of...

Pitfalls when divorcing near retirement

Illinois residents who are older than 50 might be more likely to get a divorce than younger couples. Studies show that while divorce is down among most age groups, older adults have a higher divorce rate than they did 20 years ago. Divorcing at this age can present...

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