Call An Experienced Family Law Attorney 847-680-8520
The Law Office of Cynthia L. Lazar
Arrange A Consultation Menu Contact
Our Practice Areas

Posts tagged "Divorce"

Mistakes with real estate that divorcing couples should avoid

Some divorcing couples in Illinois may need to divide a home. It is important to do this in a way that minimizes financial harm to both people. For example, some people may be committed to keeping the home, but realistically, they may be unable to keep up with the associated expenses. The couple can sell the home right away and split the proceeds, or one spouse can buy out the other.

Minimizing post-divorce credit card debt issues

The end of a marriage in Illinois doesn't necessarily mean the end of joint credit card debt obligations. This is because credit card companies aren't legally bound by divorce decrees. Therefore, it's entirely possible that an ex could be held responsible if a former spouse fails to pay a debt that was jointly incurred. While it is possible to add stipulations to a divorce agreement that would force an ex to pay their share, returning to court can be a time-consuming and expensive process.

Preparing financially for divorce before marriage

Many couples preparing to walk down the aisle in Illinois do so with the anticipation of staying united in matrimony indefinitely. Unfortunately, circumstances can change, and knots can be untied. According to one study, nearly 60 percent of couples surveyed believed financial issues were "somewhat" responsible for the end of their marriage. Approximately 20 percent of divorced respondents felt financial matters were a more of significant factor, and nearly 30 percent cited their spouse's credit score as a source of marital stress.

How to handle the holidays after divorce

Illinois parents who are getting divorced might be worried about how to handle the holidays. This can be a time of anger, fear and sadness for both the exes and children. However, parents have an obligation to put aside those feelings and focus on trying to make the holidays pleasant for everyone in the family.

How a divorce coach fits into the divorce process

When an Illinois resident is considering getting divorced, he or she may assume that the first step is to hire an attorney. While an attorney may provide legal counsel and representation in a divorce, another type of professional could provide guidance and help a divorcing person to prepare for the matters that lie ahead. A divorce coach offers emotional support, guidance and answers to questions about what to expect as the divorce moves forward.

How taxes and alimony will change after 2018

For many decades, alimony has been tax-deductible for the payor and tax-payable for the recipient. However, the Tax Cuts and Jobs Act will be reversing that situation for divorce agreements finalized after the end of 2018. Most experts agree that this means both parties will probably have less money as a result. In addition, the lack of a deduction could put some Illinois payers in a higher tax bracket.

Keeping the marital home after a divorce

Individuals who are going through divorce in Illinois may need to decide if they want to keep the marital home after the divorce is finalized. The spouse who keeps the home usually pays the other spouse their half of the equity and assumes the mortgage debt. There are several important factors to weigh when deciding whether or not to keep the home after a divorce.

Study raises questions about the cohabitation effect

Researchers have long held that marriages are less likely to end in divorce when couples live together before walking down the aisle. However, a study published in the Journal of Marriage and Family's September 2018 issue suggests that what is known as the cohabitation effect may be extremely short-lived. Experts believe that couples who live together happily before getting married will find married life far less disrupting, but researchers from Stanford University discovered that this was only true for the first year of marriage.

Practical approaches to prenuptial agreements

Prenuptial agreements might not qualify as romantic, but engaged couples in Illinois have much to gain by defining the terms of a hypothetical divorce. These contracts allow people to establish how marital assets and debts will be divided in case the marriage ends. By negotiating the terms during a happy point in the relationship, people might avoid making emotional decisions when under stress in the future.

National Association of Distinguished Counsel Nation's top one percent 2015 NADC Rue Ratings Best Attorneys of America Lifetime Charter Member The National Top 100 Lawyers Advocates 10 Best 2014 Client Satisfaction Award American Institute of Family Law Attorney
Back To Top