Multi-State Divorce & Family Law Blog by Stange Law Firm, PC

Be mindful of capital gains tax in a high asset divorce On behalf of Stange Law Firm, PC posted in Divorce on Thursday, March 23, 2017. In 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. When assets are transferred between the parties to a divorce, the IRS does not treat the transfer as a taxable event. But, when a

Family law situations are stressful; don’t go it alone On behalf of Stange Law Firm, PC posted in family law on Friday, March 17, 2017. Any 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. These types of situations can breed a considerable amount of stress and emotional frailty, through no fault of your own.

Are alimony payments tax deductible? On behalf of Stange Law Firm, PC posted in Divorce on Friday, March 10, 2017. Now 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. For the paying spouse, alimony payments are deductible, as long as the payor and the former spouse do

Let us advise you regarding your Illinois military divorce On behalf of Stange Law Firm, PC posted in military family law on Thursday, March 2, 2017. Many 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. How can military divorce be more complicated than

Child custody: physical custody versus legal custody On behalf of Stange Law Firm, PC posted in Child Custody on Thursday, February 23, 2017. There’s no use denying that a divorce or separation can very often be an intense ordeal. There are many contentious issues that can crop up, and the issue of child custody is commonly the most contentious. People have strong feelings about the place and manner of the upbringing of their children. Both divorcing and separating couples may find themselves in a child custody dispute. Springfield parents should be aware that the term “child custody” can refer to

Prominent former congressman ordered to pay child support On behalf of Stange Law Firm, PC posted in Divorce on Wednesday, February 15, 2017. Illinois cases in which a couple is at the end of a marriage can be complicated. This is particularly true when there are children involved. Adding to the litany of issues that will arise is when the couple in question is prominent and has significant assets. Those who are involved in a divorce that has the extra issues that accompany a great amount of attention must make certain that they protect themselves from the beginning of the

How do state courts decide if alimony is necessary? On behalf of Stange Law Firm, PC posted in family law on Friday, February 10, 2017. When a marriage ends in Illinois, one of the prominent questions that will arise is whether there should be spousal support, also known as alimony. The court will decide if an award is justified, how much it will be and how long it will last. The court examines each party’s income and property, including marital and non-marital property. It also examines the financial obligations that each party must face after the marriage has ended. In

Can I receive TRICARE military benefits after a military divorce? On behalf of Stange Law Firm, PC posted in military family law on Friday, February 3, 2017. There are many military members and former military members in Springfield who have decided to divorce. Divorce issues that worry many the non-military spouses of these military members center around health care military benefits through TRICARE. There are eligibility requirements that must be met. The level of benefits and their duration will depend on the length of the marriage and its status in overlapping with the service member’s time in the military. There

Steps to take after moving forward with a divorce On behalf of Stange Law Firm, PC posted in Divorce on Friday, January 27, 2017. Springfield residents who are preparing to divorce will frequently have a difficult time dealing with such an emotional time. The last thing on their minds are the various ramifications of a divorce if they do not take certain steps and precautions. However, it is important to remember these issues. This is particularly wise at the start of the new year, as research has shown that many people file for divorce in January. Finances and control are

Illinois legal assistance with a contested divorce On behalf of Stange Law Firm, PC posted in Divorce on Friday, January 20, 2017. Not all Illinois divorces are desired by both parties. In fact, while a large portion of divorces are done with both parties in agreement, there are situations when one spouse will contest the divorce. This is one of the divorce legal issues that is often understated. For those who are seeking to divorce and have a spouse who is contesting it or a spouse who would like to try and save the marriage, legal help is essential. Numerous

Illinois grandparents’ rights case moves toward resolution On behalf of Stange Law Firm, PC posted in Child Custody on Friday, January 13, 2017. Grandparents’ rights can be a complicated aspect of a child custody dispute in Illinois, particularly when each side is expressing intense emotions regarding the matter. Since child custody can be contentious with accusations and allegations from both sides — particularly if one of the parents has died — it is exceedingly important for the participants to have assistance from a legal professional to protect their rights, maintain a relationship with children and protect all parties. An ongoing