Divorce and your financial future

On behalf of Stange Law Firm, PC posted in divorce on Saturday, April 6, 2019. Illinois residents who have made the hard choice to get divorced must wrestle with many challenging steps through the process of reaching a final settlement. For families with children, certainly determining when each parent will have time with the kids may be one of the hardest elements of a divorce. When it comes time to focus on financial matters and how to split assets, emotions may run high as well especially when the topic of how to split debt arises. Money Management International explains that

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What is a divorce coach?

On behalf of Stange Law Firm, PC posted in divorce mediation on Monday, April 1, 2019. Even if you opt for a collaborative process rather than litigation, divorce in Illinois can be a difficult process to navigate. A collaborative divorce requires both you and your spouse to hire an attorney to represent you. However, there are tasks involved in the process that are beyond the purview of a divorce attorney to perform. A divorce coach serves a different function than an attorney in a divorce proceeding, providing you with personalized encouragement, guidance and motivation throughout the process as an independent

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Singer jailed in Cook County over child support arrears

On behalf of Stange Law Firm, PC posted in child support on Monday, March 18, 2019. If asked, most divorced parents in Bloomington might say that they have no issue with paying child support. Even if they happen to harbor resentment towards their ex-spouses, they may understand that their child support payments are not meant for their ex-spouses’ benefit, but rather to assist their children. Sadly, disputes between former spouses may ultimately lead to accusations of one withholding child support as a form of punishment. That is the accusation being made by the wife of singer R. Kelly. She claims

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Taxes and alimony agreements and modifications

On behalf of Stange Law Firm, PC posted in divorce on Saturday, March 2, 2019. This tax season is the first year that residents in Illinois will be filing returns based on a majorly revised tax code. The new Tax Cuts and Jobs Act has taken full effect and for divorcing or divorced couples, this law has ushered in some significant changes that you should be aware of. As explained by MarketWatch, taxation for spousal support payments is getting a lot of attention these days. Historically, the person who received alimony was required to claim the money as income on their

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Relocating following your divorce

On behalf of Stange Law Firm, PC posted in child custody on Sunday, February 17, 2019. While a divorce can certainly introduce a lot of uncertainty into your situation, one inevitability you can count is your life continuing on. That may include new personal or professional opportunities that may prompt you to relocate. This can cause pose quite a challenge to your current custodial situation. You moving away from Bloomington will impact every member of your family, from your ex-spouse potentially needing to change their expectations in terms of custody and visitation to your kids having to re-establish themselves in

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Dealing with your mortgage in a divorce

On behalf of Stange Law Firm, PC posted in divorce on Monday, January 28, 2019. If you and your spouse in Illinois are contemplating a divorce and you own a home together, you are likely wanting to know how to best deal with the house. If you have young children, you may well feel a strong emotional pull to keep the house so the kids do not have to move. You might want to do this whether you stay in the house with the kids or whether your spouse stays there with the kids and you move somewhere else. Despite

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