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June 2018 Archives

Some high asset divorce cases become very ugly

For Illinois couples who have accumulated significant wealth, sorting out the details of a divorce settlement can be a challenge. Many high asset divorce cases also have a degree of contention between parties, although that strife usually abates as the process wears on and both sides begin to focus on their new lives. In some instances, however, wealthy couples behave in astonishingly negative ways during and after a high asset divorce. 

This high asset divorce has spun out of control

Virtually every Illinois resident knows of at least one divorce of a friend or family member that ended with a great deal of acrimony and strife. In some cases, however, contention between parties reaches a fever pitch. Such appears to be the case between two West Coast spouses who divorced last year but continue to bitterly fight with one another over various aspects of their high asset divorce

Don't let a high asset divorce affect your health

Researchers have discovered that people who go through divorce are less satisfied with their lives and have lower levels of activity as compared with those who are married or single. That's important to think about for those in Illinois who are preparing for a high asset divorce. Taking steps to preserve health can make a big difference in how you feel both during and after your divorce. 

What's the secret to successful co-parenting in divorce?

Like most Illinois parents, you always have your children's best interests in mind. When you divorced, you were no doubt determined to cooperate and compromise with your ex to develop a supportive atmosphere for the kids and move forward with the least amount of stress possible. However, saying that and doing it are two very different things. You can't control another person's actions and successful co-parenting takes two.  

A high asset divorce shouldn't ruin your health

Ending an Illinois marriage is enough of a challenge without risking serious health consequences. Unfortunately, however, researchers believe that divorce can take a big toll on health and wellness. In fact, people who go through divorce are more likely to smoke or lead sedentary lifestyles as compared to those who are married or single. It's important to avoid letting a high asset divorce impact one's health and wellness. 

Alimony, tax deductions and high asset divorce in Illinois

For those Illinois spouses who are considering divorce, timing is an important consideration. That's especially true this year, as the Tax Cuts and Jobs Act will change the way that spousal support is taxed beginning in 2019. For individuals preparing for a high asset divorce, now's the time to make a number of important decisions.