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March 2017 Archives

Changes to child support in Illinois coming July 1

42892638_S.jpgWhile it may take a village to raise a child, the more practical matter is that it takes money to raise a child. Children need love, of course, but they are dependent on their parents to provide them with the food, clothing, shelter, schooling, health care and all other aspects of a well-rounded childhood. Therefore, if a child's parents are no longer in a relationship with one another, the noncustodial parent will usually be ordered to pay child support to the custodial parent.

Be mindful of capital gains tax in a high asset divorce

42865868_S.jpgIn a recent post, we discussed the income tax treatment of alimony payments. For Springfield residents, who are going through a divorce or who were divorced last year, there are other significant tax implications. One of these is the capital gains tax and its impact on the divorce property division.

Family law situations are stressful; don't go it alone

42271021_S.jpgAny type of family squabble can be a stressful experience. These situations, however, can take on a heightened amount of stress when they grow into a legal dispute. Whether the situation is divorce, child custody, property division or a number of other family law issues, it's crucial to have a level-headed ally on your side.

Are alimony payments tax deductible?

30807003_S.jpgNow that tax season is upon us, Springfield-area residents who have recently been divorced may be wondering about the tax consequences of their marital dissolution. In this week's post, we'll look at the tax treatment of alimony payments. Alimony, also referred to as spousal support, refers to payments made by one former spouse to help the other recover financially after a divorce.

Let us advise you regarding your Illinois military divorce

33822199_S.jpgMany people find the topic of divorce in general to be confusing. Whether it's the large amount of arcane legal knowledge involved or the prospect of negotiating with one's spouse over property division matters, most people leave much of the details to divorce lawyers. Imagine, then, facing a military divorce. This adds military law to the mix, making it that much more complicated for most folks.

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Stange Law Firm, PC

Stange Law Firm, PC
400 S. 9th St.
Suite 100
Springfield, Illinois 62701

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