Bradley R. Tengler, P.C.
815-981-4859
Blog

Divorce Archives

We can handle complicated property division issues

Some Illinoisans might have the image of the way property division working in a divorce, in a legal separation or even in the case a separation of an unmarried couple, who has been married for a while to be a process that pits the couple against one another. As such, many people retain a divorce lawyer to help them get through what they see as an imminent, and important, legal battle that could be the difference between financial ruin and ongoing relative security.

What are some other divorce-related financial traps?

A previous post on this blog talked about a common financial trap that people fall into by exploring another job or career right after a split. This post specifically warned that a person who quits a job for a lower-paying position during a divorce may get stuck with high child support or spousal support bills that she cannot pay.

A warning about alimony change

This blog has previously discussed a change in how the federal tax code will treat alimony payments. Specifically, alimony will not be tax deductible for those who pay if the divorce order or agreement is executed after the end of this year.

What exactly is an offshore account?

In high asset divorces, it is quite possible that one of the parties will own an offshore account. It may, therefore, be helpful for Rockford, Illinois, residents to understand exactly what an offshore account is, and when it might matter in a divorce or legal separation case.

Possible tax consequences of divorce

Even a relatively straightforward divorce in Rockford, Illinois, can raise important tax questions. Incidentally, depending on the circumstances, these same issues can affect unmarried couples and those choosing to remain married but live in separate households.

How to put a value on a piece of art

Previous posts here have discussed some items that are commonly held by couples with significant wealth, such as shares in a family business or other investments. These sorts of property are commonly at issue during the course of a high asset divorce or separation, but it is good for even happily married couples to have some understanding of how to get a value on a piece of property when it is not possible to just look up the going market price.

Review of prenuptial agreements in Illinois

As many residents of Rockford, Illinois, may already be aware, this state recognizes what are commonly called prenuptial agreements, but which the law refers to as "premarital agreements". One purpose of these agreements is to specify what happens to a couple's property, particularly property one or the other may have acquired separately, in the event of a divorce.

Top 3 Divorce Lawyers in Rockford
EMAIL US FOR A RESPONSE

Have a legal question?
Need help from an attorney?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Law Office of Bradley R. Tengler, P.C. 728 North Court Street, Suite B Rockford, IL 61103 Phone: 815-981-4859 Fax: 815-997-5129 Rockford Law Office Map