How to Save Money in your divorce.
The uproar regarding the Tax Reform repeal of the deductibility of spousal support proves that money DOES matter when you are divorcing!
So without further ado, let’s get down to how you can save money in your divorce.
- Figure out how to un-couple and restructure your family unit.
Yes, divorce sucks!! Especially if you’re not the one initiating it.
Under Trump’s Tax Cuts and Jobs Act, alimony (aka spousal support) will no longer be tax deductible to the payor, or taxable to the recipient. This provision would affect all divorce and separation agreements signed after December 31, 2018.
The new provision is found in page 100 of the bill (I attached the text above). Specifically,it is a Repeal of the alimony deduction that has been in place for over 75 years ( see sec.
It’s been another wonderful year here at the Law and Mediation Offices of Kelly Chang.
I wanted to thank each and everyone of the associates and assistants who have ever put in time here to help me run a successful practice. Family law is the most challenging area of law. I owe it to all of you. So, thank you thank you – thank you to Tammishia, Chellie, Andrea, Diane, Jennifer, Brett, Sarah, Becca, Nancy, Andrew, Veronica, Shannon,
I found this video and wanted to share with those of you going through a divorce. Divorce is one of the hardest things you have to go through.
If you are having problems reaching an agreement or resolution with your ex, consider some downtime instead of immediately rushing to Court.
In Japan, broken bowls are repaired with gold. The practice of repairing broken bowls with gold is called Kintsugi (金継ぎ, きんつぎ, “golden joinery”), also known as Kintsukuroi (金繕い,
In 2016, Illinois did something brilliant – it removed the word “custody”‘ from its family law, codified in the Marriage and Dissolution of Marriage Act. Instead of “custody” (legal and physical, sole and joint), Judges will now assign parental responsibility and parenting time to the parents. No more “Custody” battles!!! Instead, parents can litigate over “parental responsibility” and “parenting time”.
Illinois, I love you.
As a family law attorney for almost 20 years, I can’t tell you how ugly the word “custody”