Zuba & Associates, P.C.

March 2013 Archives

Family law studies show children of divorce are well-adjusted

It's a well-known phenomenon that some couples living in a broken marriage will put off a divorce until the children are grown up and independent. But in Illinois and elsewhere, does that make things worse for children who must live under the continuing stress of a problem-filled marriage? An article in Scientific American recently took up this important family law question and provided some reassuring news for parents contemplating a divorce.

Illinois law could change child support for man

Illinois readers may be interested to learn about a new bill that is in the state Senate Judiciary Committee. The bill is about child support and is focused on making changes to the rules regarding paternity for some in our state. The bill is at least temporarily on hold while the agency tasked with child support in our state weighs in on this issue.

Purchasing appraisal can help save money during Illinois divorce

In many Illinois divorces, one of the most valuable assets is normally the family home. This can make it a source of contention during property settlement negotiations. One of the most important things that homeowners going through a divorce can do is to ensure they obtain the accurate value of their home in order to ensure they both receive the fairest settlement possible.

Illinois divorce settlement may be affected by new tax guidelines

Tax time is almost here again, and while many people look forward to a refund, some Illinois couples going through a divorce may find themselves surprised with a tax bill. The fiscal cliff legislation that passed in January of this year was a way to help prevent middle class tax increases, but some of the bill's new provisions could force some people into new tax brackets, forcing them to pay additional taxes. If a divorce has resulted in alimony payments or a large settlement, and that amount increases a single filer's income past $400,000, there is a good possibility they will be required to pay the newer tax rate, an increase of over 4 percent from last year.

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Zuba & Associates, P.C

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Rockford, IL 61107

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