Divorce
Paying Taxes On A 401k Divorce Settlement In Illinois
The point of a 401(k), 403(b) or other tax-deferred account is to save money before paying taxes on the money saved. If a worker saves
Russell Knight January 13, 2023
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Effective July 1, 2017, courts in the State of Illinois implemented changes to how child support is to be calculated. Child support obligations will be calculated using “Income Shares Method”.
Maintenance is a monetary sum paid by one spouse for the benefit of the other spouse upon separation or the dissolution of marriage; also called “alimony” or “spousal support.”
For years, Illinois statutes referred to decision making for the children of separated parents as “custody” and the time spent with the children by the non-primary parent as “visitation”.
One of the key functions of a divorce is the division of property acquired during the course of a marriage.
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Search our extensive website library of family law articles written for divorce attorneys and non-lawyers alike:
The point of a 401(k), 403(b) or other tax-deferred account is to save money before paying taxes on the money saved. If a worker saves
In order to properly start and, eventually, finalize an Illinois divorce, both parties must have proper notice of the divorce proceedings. This requirement of notice
Your wedding vows probably included the words “until death do us part.” Even if you get divorced, your relationship with your ex-spouse may not truly
Getting divorced is not pretty. Usually someone in a divorce has done something really stupid, cruel or embarrassing. Even if the embarrassing behavior is exclusively
Most divorces in Illinois are governed by one to three documents: a Judgment For Dissolution Of Marriage, A Marital Settlement Agreement and/or an Allocation of
In Illinois, there is only one grounds for divorce: irreconcilable differences. “The court shall enter a judgment of dissolution of marriage [upon] the making of
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