The program, presented by Illinois family law attorney Timothy Daw of Schiller DuCanto & Fleck LLP, will cover the 2016 and 2017 revisions to the Illinois maintenance statute. Topics to be discussed include the mechanics of “gross” and now “net income” and what this includes and excludes, when the “Standardized Tax Amount” and “Individualized Tax Amount” can or should be used, how to deal with the persons whose income is not determinable, the under and unemployed concepts borrowed from the child support statute, modification, deviation, and life insurance as security for maintenance.
Mr. Daw will also discuss proposed legislation that may go into effect in 2019, in light of changes in the federal tax laws as to the deductibility of maintenance.
Known for his strategic approach, Tim Daw draws on over 30 years of experience in litigating and negotiating complex family law cases to help clients achieve their objectives. He works with clients to take charge of their situations by identifying issues, setting priorities, and mapping a course of action to arrive at their goals. As a senior partner of the firm, Mr. Daw assists families and individuals, including executives, business owners, athletes, doctors, celebrities and their spouses and significant others in resolving divorce and other family law matters.
Mr. Daw urges clients to see their divorce strategically, looking beyond the moment and short-term gain to the long-term impact of their decisions. Early in the process he offers a cost/benefit analysis to help clients take the right steps. Because divorce is likely to be one of the largest financial transactions of an individual’s lifetime, Mr. Daw stresses achieving a balance of cash, real estate and retirement investments in the settlement.
Respected as one of the top family lawyers in the Chicago area, Mr. Daw brings expertise to a wide range of family issues including complex financial matters, business valuations, tax planning, shareholder divorce, custody disputes, property division, maintenance issues, and prenuptial agreements.
Mr. Daw has been recognized by his peers and the community for his trial and litigation skills and for his philanthropic efforts. He has been listed among the Best Lawyers in America by Neifeh and Smith, an Illinois Super Lawyer, and a member of the Leading Lawyers Network. The DuPage County Bar Association has recognized him for his outstanding service to the Bar. The DuPage County Legal Assistance Foundation has recognized his pro bono service.
Very good overview of the material and changes to the law.