The culmination of a divorce often brings relief, but it also introduces a new set of challenges: tax planning post-divorce. Ensuring a smooth transition, particularly in the financial domain, requires understanding and planning around the tax implications that arise after finalizing a divorce. Understanding Tax Implications: Why It’s Crucial Post-divorce, your financial status undergoes a transformation. From filing statuses to…
Although many couples enter into the divorce process with unclear expectations, pre-divorce legal counseling helps to elucidate the path forward. Overall, Bruckner Hernandez Legal Solutions finds that legal counseling proves extraordinarily beneficial for both parties. Even for those initiating the divorce, counseling aids in managing expectations. Thus, it is imperative that couples understand their rights and responsibilities prior to beginning…
While the Illinois divorce process introduces natural stressors, taking up divorce coaching presents contemporary solutions. In a traditional litigation, both parties vie for a more preferrable outcome. Thus, traditional litigation pits them against one another. Such a dynamic naturally increases stress. On the other hand, the collaborative divorce process seeks mutually beneficial solutions. Through this method, spouses and their respective…
Since 2016, child custody in Illinois faced a rebranding to “parental responsibilities”. Similarly, the term “visitation” changed to “parenting time”. In general, Illinois presumes that both parents are “fit” to share parental responsibility and time. Particularly, research demonstrates that mutually involved parents benefit their children. Naturally, there are situations where this is not always the case. In the event that…
Oftentimes, couple debate their homes in the Illinois divorce process. With the emotional attachment in mind, many people place a firm “I want the house” attitude. Similar to all other aspects of the divorce process, splitting the home is rarely as simple as one person conceding. Taking on the role of sole homeowner calls financial feasibility into question. In addition…
When attempting to gauge Illinois divorce costs, the final dollar amount often depends on whether you’re pursuing litigation, mediation, or a collaborative divorce. As with any, “How much does it cost?” question, the unsatisfying “It depends” answer doesn’t offer clients a ton of value. Typically, traditional litigation presents the most expensive way to get a divorce. Secondly, Mediation tends to…
Illinois prenuptial agreements aren’t solely for those with huge estates. For richer or for poorer, prenuptial agreements protect your assets in the event of a divorce. Thus, prenups clearly identify marital property. More so, prenuptial agreements specify the division of assets in the event of a divorce. Benefits of Illinois Prenuptial Agreements For the newly engaged, broaching the subject of…
While DIY divorce is certainly allowed under Illinois law, family law presents numerous challenges towards self-representation. To help you along the way, here are 10 things you must know when conducting DIY divorce. 1) You Can Represent Yourself in a DIY Divorce Firstly, some parties are eligible for a “joint simplified dissolution” procedure. However, even those not eligible for a…
In Illinois family law, divorcing spouses typically cycle through a wide variety of common divorce fears. Put plainly: divorce can be a frightening process, especially for those who have long-term marriages, shared finances, and children. Sometimes, divorcing spouses struggle just to articulate their fears. However, the Bruckner Hernandez team typically sees three common fears throughout the Illinois divorce process. Common…
Surviving a divorce can be a formidable and emotionally trying ordeal. Yet, armed with the right guidance and assistance, you can maneuver through this challenging phase and emerge even stronger. In this guide, we’ll furnish you with expert advice tailored for a smoother divorce journey, allowing you to confidently face the complexities that lie ahead, including the Collaborative Divorce process.…