The vast majority of people in Illinois would likely agree that divorce is difficult for all parties involved. In fact, some people may choose to delay or avoid a divorce because they are worried about the overall well-being of the children. While a contentious divorce can have a negative impact on children, there are certain child custody and other considerations that could help children with the transition to two homes.
A new law affecting many couples getting divorced in Illinois and all around the nation will go into effect on Jan. 1, 2019. The law addresses how alimony will be taxed for both the payer and the recipient. The current law has been in place for 75 years, making the upcoming changes in the Tax Cuts and Jobs Act rather significant to those involved.
Facing the prospect of divorce can be daunting -- you may have serious concerns over how this process will impact your financial security and your plans for the future. As you move ahead with your Illinois divorce, it can prove beneficial for you to think about what is ahead and how you can protect yourself. This can be particularly important in high-asset divorces.
Shared parenting is often promoted today as the ideal living arrangement in divorce cases in Illinois and elsewhere around the country involving children. While it seems to be the favored child custody scenario now, it has not always been viewed as such. A psychologist who has long studied children and divorce has offered insights on how shared parenting is viewed by professionals.
When an Illinois couple or one elsewhere around the nation decides to get a divorce, there are a multitude of decisions that must be made. Typically, many of the decisions deal with property division and determining who gets what after the couple is no longer together. In the past, most courts viewed a couple's pets as property and made their determination as to where a pet would reside with that mindset. However, many states have enacted laws -- or are planning to -- that will consider custody of pets in the same manner as child custody.