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December 2016 Archives

What is the federal tax refund offset program?

If you are owed back child support, you may benefit from the federal tax refund offset program. According to the Office of Child Support Enforcement, if you qualify, the federal government will take the back support owed out of your child’s other parent’s tax refund. They then send it to the child support agency in Illinois, who will then pay you. If you are on public assistance, then you are eligible for the program if you are owed at least $150, but if you are not on assistance, then you will need to have a back child support balance of $500 or more.

What is the impact of a late-life divorce on retirement?

If you are getting divorced and are over the age of 50, then you are not alone. Late-life divorces are actually on the rise in the country and in Illinois. According to The Fiscal Times, a divorce later in life can bring some major concerns about retirement because it changes all expectations of what would happen in retirement. You were likely planning on having the full amount of any money set aside for retirement, but retirement accounts are often split between both of you in the settlement. This requires some adjustments.

Paternity fraud and related issues

Child custody can be one of the most contentious elements of a divorce. In most cases, it is beneficial for both parents to be involved in a child’s life, but often single parents are at odds about their parenting arrangements. This can be particularly difficult if paternity has not been adequately established. At Lois Kulinsky & Associates, Ltd., we understand that paternity fraud can make things especially difficult for you or other Illinois residents who may have experienced it.