Married couples typically do not foresee divorce as part of their futures together. However, it is fact of life that some marriages in Illinois do result in divorce. When a parent has physical custody of his or her children, he or she may face financial challenges that warrant legal advice concerning child support issues.
After a marriage that has lasted many years, it may prove difficult to suddenly be faced with the myriad financial issues that often concern single parents. Though some divorced spouses receive alimony and/or child support, these payments may not last a lifetime. Therefore, it is good to think ahead and plan for the future when attempting to resolve child support issues during or after divorce.
Someone who receives child support payments may face a financial crisis if the payer loses a job and stops payments. While legal remedies may exist when the payer acts without court approval, the effect on the finances of the party entitled to support may still be significant. In an effort to anticipate future fluctuations in income, some single parents request that tax forms be shared annually, particularly when an increase in the payer’s income is anticipated. Disclosure of tax forms may provide the framework for a request for increased payments when appropriate.
Certainly, these issues are but a few of many that divorced or unmarried persons might face as single parents. Those in Illinois who have questions or concerns regarding child support or other matters may want to discuss their situations with an experienced family law attorney. Gaining clarification on state and federal laws and determining all options available can typically benefit those who are striving to move forward in life and provide for the financial well-being of their children.
Source: entrepreneur.com, “8 Financial Tips for Single Parents Facing the Holidays“, Andrea Murad, Nov. 27, 2015