With the current divorce rate at 41% for new couples, according to Legaljobs, it’s essential to get the best divorce advice possible. A central part of this advice is understanding the tax implications that come with a divorce. Post-divorce taxes can include both personal and business considerations. Here are a few tax implications to be
Divorce can impact a family in many ways, which makes some people hesitate to do it. However, divorce can bring some economic advantages, and families should understand them before entering a divorce. Any divorce lawyer will tell you that it’s an expensive process. According to Forbes, separating in the United States costs around $15,000 to
Divorce, in whatever form it takes, is never easy for anyone. Even if divorce might be the best thing for you and your significant other, it can be a difficult thing to handle and leave you feeling lonely, hurt, and confused. When you’re going through a divorce, you may feel like no one else understands
Money is an issue that divorce counsel tackles often. Between negotiating pre-nups, dividing existing assets, and establishing alimony, money is a huge presence in divorce mediation proceedings. Studies in the recent past have shown that the risk of divorce drops by 13% for people who have attended college, but an alarming number of divorces have
A Chicago prenuptial agreement establishes certain property rights in the event of death or divorce. A prenuptial agreement is a way to avoid the default laws of the state. When drafting a Chicago prenuptial agreement, take time to consider the following: Whether to Use a Prenuptial Agreement Some parties mistakenly believe that a prenuptial agreement
When an employment dispute in Chicago Illinois arises, the parties may believe that the only solution is to take the issues to court and let a judge or jury decide what will happen. However, this pursuit often leaves both parties losing with the high costs involved in litigation and with the potential loss of a
Landlord/tenant disputes in Chicago Illinois can be disruptive to a living environment. During heated moments, a landlord might threaten eviction. A tenant may refuse to pay rent that the landlord depends on. Mediation can often help parties resolve landlord/tenant disputes in Chicago Illinois in a peaceful manner. Prior to mediation, it is important for both
People may have strong feelings about a Chicago prenuptial agreement before they ever really consider it. They may think that getting one sets them up for failure. However, just like in business where it is better to determine how the end of a business will be processed at its inception, it is better to discuss
Part of the job of a divorce mediator in Chicago is to dispel misconceptions about the process of mediation. Some common myths that a divorce mediator in Chicago hears include: We Aren’t Capable of Mediating Some parties believe that they cannot successfully mediate because they have problems communicating with each other. However, mediators have helped
When employers and employees confront a legal issue, one or both of the parties may believe that a drawn-out court battle is the only way to resolve the employment dispute in Chicago Illinois. However, this is not the case. At an increasingly greater rate, employment disputes in Chicago Illinois are resolved through the non-adversarial process
