Posts by Larry Manassa
How are Childcare Expenses Divided After Divorce?
Family Law and Divorce Lawyers Divorce forces parents to confront financial realities they may not have anticipated, and childcare expenses are one of the most pressing concerns. Who pays for daycare, after-school programs, or summer camps? How do Illinois courts decide what’s fair? If you’re going through a divorce with children, these questions are unavoidable.…
Read MoreHow Divorce Could Change Your Will
Divorce doesn’t just change your relationship status—it also affects your financial future in ways many don’t anticipate. While dividing assets and settling debts might be at the forefront of your mind, one crucial area often overlooked is your will. If your will was created while you were married, chances are it names your ex-spouse in…
Read MoreCan I Write Off Spousal Support Payments on My Taxes?
Divorce brings enough financial changes without the added confusion of shifting tax laws. If you’re paying or receiving spousal support, it’s important to understand how these payments affect your taxes, especially in light of recent changes. Under the old rules, spousal support payments were deductible for the payer and taxable for the recipient. However, for…
Read MoreDivorce and Small Business Owners
Divorce brings unique challenges for small business owners. You face the emotional toll of a marriage ending, and your business may also hang in the balance. When personal and professional lives intersect, untangling them involves more than just splitting assets. A divorce can risk business ownership, cash flow, and future growth. Navigating this process requires…
Read MoreCan a Child Choose Which Parent They Want to Live With?
When navigating the complexities of child custody, one question often arises: can a child choose which parent they want to live with? This topic is especially relevant for families in Barrington, Illinois, where understanding local laws and the factors that influence custody decisions is crucial. Let’s explore the details surrounding this important issue. Reach out…
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