Tag Archives: Marital Settlement Agreement

A Joint Parenting Agreement is a Contract

When parties are negotiating terms of a Marital Settlement Agreement (MSA) or a Joint Parenting Agreement (JPA) at the eleventh hour, they might be inclined to make concessions for the sake of “getting it over with.”  Perhaps the parties are inclined to insert a provision into the agreement that will not take effect for a […]

Top Ten Myths in Illinois Divorce Cases [Myth #8]

Myth: All support payments are tax deductible. Wrong. Maintenance payments ordered by the court or covered in a Marital Settlement Agreement if they abate upon the death of the payee, are generally tax deductible to the payor and tax includable to the payee. Child support payments are not deductible by the payor or tax includable […]