Free 30 minute initial consultation
Wheeling847-459-4448
Libertyville847-281-0200
Buffalo Grove847-459-4448
Lois Kulinsky & Associates, Ltd.

June 2017 Archives

How can bank accounts be protected in a divorce?

If you have a bank account and are going through a divorce in Illinois, you likely wonder if you are going to have to give your spouse part of that account. In general, the answer is you will have to split it, but there are some different factors that will determine this. In some cases, you may not have to split your account or share it at all with your spouse.

Playing hide and seek with marital assets? Don't face this alone.

It is no secret that money is one of the most contentious issues in any Illinois divorce. Emotions and disagreements can quickly derail positive discussions over a financial settlement, particularly when there are valuable assets or a significant amount of money at stake.

Can I avoid an order to pay alimony?

Once you are ordered by a judge in Illinois to pay alimony, your only option is to pay it or face serious consequences. However, before you ever get in front of a judge or into a divorce situation, there are things you can do to help reduce the chances you will be ordered to pay alimony.

What is the history of child support?

Many people in Illinois deal with the child support system. You may receive or pay child support due to a divorce or other situation where both parents are not in the home. There are many different situations today where child support is ordered, but today’s situations are much different than how things were when the system was put into place in the mid-1970s.

Unallocated support and tax liability

In Illinois, you may end up paying unallocated support. This is when the court combines your child support and alimony payments together. At Lois Kulinsky & Associates, LTD, we review cases all the time to see if unallocated support would be a good option for our clients. In some situations, it can help you reduce tax liability. However, this is an area of some confusion, and understanding the tax laws is important to avoid issues with the IRS.