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When choosing a family law attorney, you probably have a number of questions. Some of our most common questions are found here. If you do no see yours listed, please contact our office directly. We are happy to help!
We must consider a number of factors when calculating child support costs during a divorce. Part of the process includes the incomes of both parents and identifies any discrepancies that may require additional support when caring for your children.
How Child Support Amounts Are Determined
In most cases, child support needs to take into account any additional expenses beyond the regular day-to-day care of your children.
These may include:
- Private school tuition
- Public School Fees
- Medical and dental costs
- Extra-Curricular Activities, including Sports fees and equipment
- Special needs (therapy, counseling)
- College fund contributions
Raising children is a significant expense and can create hardship after divorce if not handled properly. The decisions you make now may impact your finances for years, or even decades, to come. An experienced attorney can help present a fair and realistic proposal for child support that allows families to flourish, even after divorce.
Contact Our Schaumburg IL Law Firm
The process of determining child support can be confusing and hiring a knowledgeable lawyer will have a lasting impact on your quality of life and that of your child. Our law office serves the Schaumburg, IL area and the surrounding communities. Contact us to schedule a consultation.
If you’re like me, then you have children in their late 20’s - early 30’s; however this suggestion will also apply to any children over the age of 18. When they were young you had guardians in place to take care of your children in case something happened to you and your spouse, but after they turned 18 that didn’t apply anymore.
Powers of Attorney for Healthcare and Property
Now you need to take care of what happens if something happens to them and
you need to step in to take care of their health and/or their property. The solution to this is to create Powers of Attorney for Healthcare and Property for your children, just like you did for you and your spouse.
Contact Our Schaumburg Office
Call us at the Law Offices of Robert M. Kaplan to get our help in preparing these documents. You can reach me at 847-845-9477 or at [email protected]
The maintenance tax deduction for cases finalized after December 31, 2018, has been eliminated. To account for this change in the tax law, effective January 1, 2019, Illinois’ new maintenance guidelines will be based on net income - 33 1/3% of payor’s net income minus 25% of payee’s net income capped at 40% of the parties combined net income. Maintenance guidelines will continue to be applicable up to $500,000 of combined gross income. All maintenance judgments entered prior to December 31, 2018 will continue to be deductible even if modified after December 31, 2018 unless agreed otherwise. Those awards will continue to utilize the current gross incomes guidelines of 30% of payor’s gross income minus 20% of payee’s gross income capped at 40% of the parties combined gross income.
Contact Our 60194 Law Firm
Do you have more questions on the Maintenance Tax changes? Please contact our Schaumburg IL law firm for more information.
Dissipation is spending of marital funds on a purpose not related to the marriage. The most typical forms of dissipation include gambling, abusing alcohol, paying for pornography or prostitution, or spending monies on a girlfriend or boyfriend. Dissipation only occurs once your marriage is broken (irreparable). If dissipation is proven in your divorce matter, then you are entitled to reimbursement from the party dissipating assets.
Contact Our Schaumburg Family Law Firm
Do you have more questions on dissipation? Please contact our Schaumburg IL law firm for more information and to schedule a consultation with Robert M. Kaplan.
There are a lot of last-minute details that pop up when you’re in the throes of wedding planning; however, prenuptial agreements in Rolling Meadows shouldn’t be left to the last minute. When you are planning a prenuptial agreement, you will want to consider the following during the process:
- Prior to the marriage, you should make a list of all assets owned and debts owed. Both spouses need to make full disclosure. It needs to be determined how these will be handled during the marriage and in the event of a divorce.
- A determination needs to be made as to how marital property, which are the assets and debts that will be accumulated as a couple, will be handled in the event of a divorce.
- Many times couples have different styles for managing money, so the management of assets and income should be determined ahead of time.
- Both parties need to be upfront about their credit scores, and whether they have old debt and how they feel about accumulating new debt.
- Views on non-monetary contributions, such as raising the children or managing the household, should be addressed up front.
- Maintenance, or alimony, is a reality often faced by one spouse in the case of divorce. This should be discussed ahead of time.
Contact Our Rolling Meadows Law Office
It can be difficult to address these issues when a couple is trying to plan a romantic wedding, but for a prenuptial agreement to happen, these topics must be discussed. Contact your attorney in Rolling Meadows for more information.