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Divorce And Claiming Dependents With The IRS

by Davitt Law Office, PLLC | Mar 12, 2019 | Family Law

Who gets to claim dependents on their taxes can make a big difference after a divorce in Illinois. The person who claims dependents may also get to claim Head of Household status. Dependent status also impacts who gets the advantages of the Child and Dependent Care...

Prenups and other options for protecting a business in divorce

by Davitt Law Office, PLLC | Feb 25, 2019 | Family Law

When couples in Illinois get a divorce, they will need to divide their property. If one of the parties owns a business, the situation can become complicated unless there is a pre- or postnuptial agreement that outlines what will happen to the company in case of...

What to do about pensions and 401(k)s in divorce

by Davitt Law Office, PLLC | Jan 2, 2019 | Family Law

For Illinois couples who are getting divorced, dividing up a pension plan or 401(k) must be done carefully in order to avoid expensive mistakes. First, it’s necessary to have a document called a qualified domestic relations order for each account that must be...

Liabilities, as well as assets, must be divided in divorce

by Davitt Law Office, PLLC | Dec 20, 2018 | Family Law

Epic divorce battles are fought over which spouse gets the Illinois family home, retirement account, favorite car, or any number of expensive or personally treasured objects of value. And although it is never a good idea and sometimes can be damaging, the kids all too...

How divorced parents can help children adjust to holidays

by Davitt Law Office, PLLC | Dec 4, 2018 | Family Law

The holidays can be a tough time for parents and children in Illinois following a separation or divorce. Both may be feeling many different emotions, such as anger, loss, betrayal, sadness and fear. Parents must deal with these emotions in a way that does not impact...

How to avoid common financial mistakes of divorce

by Davitt Law Office, PLLC | Nov 5, 2018 | Family Law

On behalf of Schlueter Ecklund & Davitt posted in family law on Monday, November 5, 2018. People in Illinois who are getting a divorce should make sure they avoid common financial errors. For example, it is important to take taxes into account...
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