People in Illinois who are considering divorce may want to consider how 2017’s Tax Cuts and Jobs Act could affect the separation process. In 2015, over 600,000 taxpayers deducted alimony payments from their annual tax returns. Due to changes in the law, however, people who finalize their divorces after 2018 …

Dividing marital property can be a contentious issue in any Illinois divorce. If one of the couple’s assets is a business, however, it can be especially complicated. Company owners who are approaching divorce should determine how much the business is worth and how to divide that value. An issue that’s …

There are a number of financial considerations people in Illinois who are getting a divorce should take into account. For example, when dividing certain types of assets, it is important to take taxes into account when assessing their value. One person in a couple may take a retirement account with …

The average borrower in Illinois with student loan debt could owe nearly $40,000, a figure that is significantly higher than what was common a decade ago. The number of borrowers owing more than $50,000 has spiked as well. Results from a study conducted by an education loan website show that …

One of the many issues parents in Illinois and the rest of the country have to address when they separate or divorce is child support. The topic of child support payments can be confusing to some people as there are different types of child support cases. In IV-D cases, the …