Barrington child support lawyerOne of the primary challenges of being a single parent is finding the money to provide for all of a child’s needs. Divorce and separation can drastically change the financial means of the child’s primary caregiver, and the law expects that both parents will contribute to the financial support of the child until adulthood.

In the abstract, this ongoing obligation seems logically appropriate and fairly easy to arrange, assuming both parents can cooperate. In practice, however, parents may need to fight to establish and enforce child support, and they can face significant obstacles when child support orders are ignored by the other parent.

A recent article in the Chicago Sun-Times noted that there are millions of dollars in overdue child support owed to children living in Illinois. Unfortunately, the child is the person who most suffers when financial support is withheld, as well as the one who will most feel the burden of having less than what he or she really needs. The most effective and fastest route to receiving regular child support is to work with an experienced family law attorney who has the means and knowledge to ask the courts to take action designed to ensure compliance. 

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Schaumburg divorce lawyer college expensesDivorced parents rightly assume that their obligation to pay child support ends when the child reaches the age of 18 or graduates from high school. Financially supporting a child until he/she is legally able to engage in full time employment makes sense from a practical and legal perspective; however, many children go on to attend college and obtain a degree, causing them to incur the sky-high cost of a college education in America.

Unless a child receives a full scholarship that covers tuition, room, board, books and other expenses, the financial assistance of their parents is often necessary to help pay for their college education. Paying for college is a struggle for many parents, and divorced parents face the added pressure of juggling this cost while maintaining separate households. 

While educational expenses for primary-level instruction are included in child support formulas, college expenses are not. If a parent wants to ensure that the other party helps cover the costs of a child’s college education, they will need to file a petition requesting contribution toward college expenses. 

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federal tax reform, Schaumburg family law attorney, spousal maintenance awards, federal tax reform law, maintenance obligationsThe implications of divorce do not end when a marriage is formally dissolved. Parents must still interact with each other as they work to share custody in a manageable fashion. Moreover, the financial adjustments required as cash flow shifts to account for new expenses and reduced income are very necessary and long lasting.

A divorced individual’s tax liability is often directly impacted by divorce but frequently receives much less attention and consideration in the settlement process than this issue deserves. How property distribution and the method of disposition is structured, as well as support paid and received by each party, can produce serious tax consequences in the short- and long- term.

Spousal maintenance, or alimony, is an area that is particularly affected by the tax rules, and changes to the federal tax reform law are primed to directly influence how divorcing couples handle this already contentious issue.

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Posted on in Child Support

spousal support modification, spousal support, Palatine family law attorney, Illinois divorce, divorce processFinances during and after divorce are a concern for many when adjusting to single life on one income. While this change is challenging for those with established careers and secure employment, those who worked only part-time or stayed at home to raise children face a daunting task that is likely to extend into the foreseeable future.

To make this transition easier and to ward off the possibility of falling into destitution following divorce, a spouse has the right to request spousal support or maintenance from the other party. Some couples settle this issue in advance by executing a prenuptial agreement. However, the majority of couples do not address this issue until the marriage is coming to an end, especially if the parties married young or before a spouse achieved financial success in his or her career.

The founder of the Cancer Treatment Centers of America was recently ordered by an Illinois Court to pay his ex-wife $28,000 per month in spousal support, substantially down from the $400,000 she requested. For the party ordered to pay support, this obligation can feel like a never-ending burden that permanently keeps him or her tied to an ex-spouse. However, in some cases, spousal support orders can be modified, or even terminated, if the circumstances are right.

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child support rules, Income Shares System, pay child support, Barrington divorce attorney, Illinois divorcesThe payment of child support is an issue that commonly produces anxiety and agitation from both parents. The parent obligated to pay child support often believes the Court-ordered amount is too high and/or the money is not being used for the child's benefit. From the other side, the recipient parent frequently feels the required amount is too low, and the obligated parent creates unnecessary tension over this matter due to resentment.

Certainly, this situation could spill over to the child and leave a negative impression if one or both parents badmouth the other on financial issues. In hopes of reducing conflict over child support, Illinois implemented new child support calculation rules on July 1, 2017 that are supposed to bring a more balanced and fair approach to the division of support between parents.

Previously, Illinois employed a percentage model to calculate child support, which only took into consideration the non-custodial parent's income (the parent with less parenting time). This model calculated child support as a percentage of the parent's income, which was increased by the number of children he or she must support. The new child support model, income shares, is the method used in most states throughout the country.

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