One often overlooked big decision you need to make before your marriage is whether or not to get a prenuptial agreement (prenup).
August is Child Support Awareness Month, a national observance first initiated in 1995 by former President Bill Clinton. This month is a chance to recognize federal, state, and local agencies that work diligently to provide child support services to their communities and to also acknowledge the dedicated parents who uphold their parental responsibility of regularly paying child support.
When going through a divorce, you or your spouse may be ordered to pay the other alimony, depending on the circumstances of your case. Although the court will consider many factors when deciding to award alimony in Illinois, knowing your rights prior to beginning divorce proceedings can help prevent unexpected surprises in your divorce case.
When going through a divorce or separation, your mind may be preoccupied with thoughts over things such as property division, parental rights and responsibilities, and balancing your emotions while finding a way to move forward. One thing you likely aren’t thinking about, however, are possible tax risks associated with your divorce.