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Posts tagged "divorce"

Joint child custody more common than in previous decades

When Illinois fathers get a divorce, they are more likely to seek custody or a more generous visitation schedule than their counterparts may have in the past, and courts are more likely to grant those requests. The legal system generally starts from an assumption of shared legal custody. This means that both parents will have the ability to make decisions about the child's education, health care, religion and other major issues.

How parents can improve communication with an ex

Divorced parents in Illinois may want to look into online tools that can help them communicate about child custody and visitation. Online or text-based exchanges will keep a record, which could be important if there is a dispute. Communication can also be improved by keeping a physical calendar that details custody/visitation dates.

Dividing a family business during a divorce

Most Illinois couples understand that divorce is a difficult process that can have a long-term impact. In addition to the emotional challenges of a separation, there are practical considerations. This includes how the divorcing couple will divide any marital assets. When an agreement cannot be reached, the divorce process is lengthened. This is especially true if the asset being discussed is a family-owned business.

Divorce and cryptocurrencies

The division of assets can be one of the most hotly contested issues in a divorce. With the new types of currencies being created in the financial industry, a growing number of divorcing couples are also having to address how to handle any cryptocurrency holdings they may have.

Claiming dependents on taxes after divorce

When parents in Illinois get divorced, they might want to agree on who will be able to claim their children on future tax filings. Otherwise, if both parents claim a child, the IRS will accept the first return they receive. While it is possible to go through the agency's customer service department to resolve the issue based on tie-breaker rules, the better alternative is to avoid such a dispute altogether.

Technology may make divorce easier on children

There are both pros and cons of social media and cellphones. However, one upside to a connected culture in Illinois is that parents and children can remain in contact after a divorce. This could especially help improve the relationship between a child and parent who no longer live in a shared home.

How to plan for a divorce

Planning for a divorce is not something many married couples in Illinois want to contemplate, especially if their marriage is going well. However, the rate of divorce in the United States is almost 50 percent with nearly 2 million divorces occurring each year. Understanding the divorce process and having an idea of what to expect can help lower anxiety about divorce if it occurs. Making plans for before, during and after a divorce is important part of getting through the process successfully.

How a divorce can affect college budgeting

When Illinois parents divorce, they may wonder how the practical and financial fallout may affect their kids' future college education. University tuition is a massive expense for people in any family situation. Tuition has risen significantly over the past decades, a trend that experts expect to continue. Every year, the cost of going to college increased by around 3 percent. As a result, it costs around $46,950 each year to attend a four-year private university while it costs about $20,770 to attend a four-year public school, including tuition, fees, room and board.

Why more older Americans are getting divorced

Since 1990, the divorce rate for those who are 50 or older has increased while it has stayed steady or declined for other age groups. Of those in the former segment who have gotten divorced in the past 25 years, more than half had been married for over 20 years. There are many variables that could explain why this is happening in Illinois and throughout the country.

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