Gardi and Haught Archives | Gardi & Haught, Ltd.

Category : Gardi and Haught

Category : Gardi and Haught

THE-MULTI-BOARD RESIDENTIAL REAL ESTATE CONTRACT 7.0

Know Your Contract: The Multi-Board Residential Real Estate Contract 7.0

KNOW YOUR CONTRACT: THE MULTI-BOARD RESIDENTIAL REAL ESTATE CONTRACT 7.0 By Tom Haught There’s a new contract in town: the Multi-Board Residential Real Estate Contract 7.0. The 7.0 was approved in 2019 as the new standard contract for purchasing residential real estate in Illinois. The Multi-Board Residential Real Estate Contract 7.0 seeks to correct what

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New Illinois Spousal Maintenance Law

How the New Illinois Spousal Maintenance Law Will Affect Divorcing Couples

Couples who are planning to divorce, as well as those who are currently in divorce proceedings, should be aware of a change in the Illinois Spousal Maintenance Law, section 504 of the Illinois Marriage and Dissolution of Marriage Act (IMDMA). Specifically, the change in law affects the formula used by the court to calculate spousal maintenance as well as the tax consequences of paying maintenance and receiving maintenance.

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