The news never seems to have a shortage of homicides stemming from a divorce. One of the more recent involves the death of a mother and her two children. Although police have yet to confirm who is responsible for the deaths, they have stated that the woman was going through a divorce.
Couples often assume that a finalized divorce is the end of their separation journey, but nothing could be further from the truth. Steps must still be taken to complete the unraveling of finances, and there are still some areas in one’s life that can be impacted by a divorce. For example, a divorce can affect a person’s federal income taxes. Learn more about taxes and divorce for disadvantaged spouses, and how some of the decisions you make now may impact you when you file your taxes next time.
Most couples recognize that divorce is an emotional event, but some underestimate the financial implications. Do not let this happen to you. Instead, recognize the financial risks of divorce and learn how to mitigate against them with help from the following information.
Some divorcing couples are surprised to find out that a business can be part of their marital estate – the property acquired during the course of the marriage that must be divided upon divorce. It can be especially surprising if the other spouse never worked at or “officially” contributed to the business. Thankfully, a skilled divorce lawyer can help you assess what the scope of your marital property is and what may be excluded. Mediation may also be a valuable tool in preserving a business during a divorce. Learn more with help from the following.
Adoption can be a joyous and life-changing experience for families. Whether it be an international adoption, domestic adoption, adoption from an extended family, or adoption in a foster care situation, there are legal processes that must be understood and followed.
Adoption establishes you, the adopting parent, as the child’s legal guardian. This means you are granted legal parenting rights and decision-making responsibilities.
Researchers have used everything from control groups to cohort data to determine the ways that divorce impacts children. Because of their work, society now has a better understanding of the risks, potential pitfalls, and behavioral issues that might occur in children during and after divorce. Their work has also paved a path for divorcing couples, ensuring they have an idea of how to reduce the risk of an adverse effect on their child. However, it was only recently that anyone looked at individual children to determine how they felt about the divorce process.
Divorcing couples who have a high net worth often expect a long, drawn-out, contentious battle. Thankfully, divorce does not have to be this way. In fact, many couples find they can resolve matters outside of court, with less stress and cost. The key is knowing if and when you should settle. Perhaps even more important is knowing when not to settle your divorce case. The following information explains further.
Right now, child support in Illinois is calculated based upon the paying parent’s net income and the number of children shared. All of that will change, come July 1, 2017. What sort of changes can you expect, and how might it impact your case? The following explains.