Can I Write Off Spousal Support Payments on My Taxes?

Composition with words ALIMONY and DIVORCE, money and calculator

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…

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Divorce and Small Business Owners 

Property division concept. Divided house during family divorce.

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…

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Can a Child Choose Which Parent They Want to Live With? 

Rights of the child in court when family divorces

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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Common Misconceptions about Prenups 

Writing up your prenuptial agreement

Prenuptial agreements have a bad reputation, largely because of common misconceptions. Many believe these agreements are only for the wealthy or that they signal a lack of trust between partners.  In reality, a prenup is simply a practical tool for clarifying financial matters before marriage. Misunderstanding what a prenup does—and doesn’t do—prevents many couples from…

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Do I Need an Attorney to Get a Divorce?

Divorce Concept With Wedding Ring And Gavel

Yes. Let’s go over why you need to work with a divorce lawyer and what a divorce lawyer can do for you. If you’re considering divorce or in the early stages, talk to a divorce lawyer to understand your options. A divorce lawyer can give you advice tailored to your circumstances and protect you during…

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