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Blog Posts in February, 2018

  • Gray Divorces

    Although divorce rates have remained relatively low for most age groups over the past 20 years, there is one demographic where divorce rates have actually doubled—couples involved in long-term marriages. This phenomenon is commonly known as “gray divorce,” which refers to men and women who divorced after 40 years or more (i.e. baby boomers). The following are common reasons why ...
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  • The Benefits of Mediation

    Mediation is a process for resolving conflict and coming to an agreement where both spouses control the outcome of the divorce. A disinterested third party, known as the “mediator,” assists the parties in determining a mutually acceptable divorce settlement. In contrast to hotly-contested court litigation, mediation emphasizes cooperation, problem-solving, and address all needs of ...
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  • New Illinois Divorce Law Treats Pets More Like Children

    Aside from child custody, alimony, and property division, one of the most contentious divorce issues is custody over family pets. While, in the past, companion animals were treated like assets or properties in divorce proceedings, a new Illinois divorce law will require the family courts to start treating them like children. The new state law—which took effect on January 1, 2018—will ...
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  • New Tax Law Scraps Alimony Deduction

    In the divorce process, one party may become legally obligated to make alimony payments to the other. Since these payments are typically costly, obtaining tax deductions for the payer has often been a critical step in formulating a divorce settlement. By contrast, the recipient’s payment is generally taxed like regular income. The current setup tends to preserve more money overall to ...
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