Tag Archives: divorce finances
Controlling Costs in Your Divorce
For many divorcing couples, the process of ending a marriage can quickly become very expensive. This is especially true for divorces that drag on for months or even years before being finalized. Depending on the circumstances, expenses related to hiring an attorney may be among the highest, but there are many other considerations that could drive the costs of your divorce through the roof. Instead of tryingContinue reading
Divorce and Your Wallet: Five Ways You Can Protect Your Finances in the Midst of Separation
When faced with an impending divorce, the thought of further burdening yourself with the financial aspects of the split is less than appealing. It is understandable that soon-to-be ex-spouses would prefer to skirt over money matters, but sadly, money has to be addressed at the end of the marriage, otherwise both parties are in for a potential storm as the divorce process unravels. Damage Control AsContinue reading
Dealing With a Spouse Who Wastes Marital Assets
For many couples in unhealthy relationships, the marriage is often over long before the divorce process even begins. The spouses may continue to live in the same house, possibly still sharing the same bed, but the marriage, in all reality, stands virtually no chance of being revived. While the marriage is breaking down or after the breakdown is complete, there are limitations provided by IllinoisContinue reading
Organizing Your Finances Before Divorce
Divorce is full of challenges, but few carry as much risk as those related to your finances. As such, it is critical that you understand how to effectively prepare for your divorce. Learn how to organize your personal finances, and what steps you can take to prepare for the process ahead. Gathering Important Documents Before you can determine what you want or may be entitled toContinue reading
Talk to Your Divorce Lawyer About Billing Practices
One of the most common questions that many people have about the divorce process is in regard to how much it will cost. Most divorce attorneys will tell you that there is no way to know for sure how much you should expect to pay because it all depends on the complexity of your case and how quickly you and your spouse can resolve your differences. WhileContinue reading
Consider a Life Insurance Policy to Protect Your Children after Divorce
You have probably seen countless advertisements on television or online about the importance of planning for your family’s future. Of course, most such ads are designed to sell you a life insurance policy or other types of financial planning services. There is, however, an element of truth to what is being said: it truly is important to plan for the security of your family. ItContinue reading
Consider Eliminating Debt Prior to Divorce
If you are considering a divorce, you probably realize that your life is about to get fairly complicated, at least for a little while. You and your spouse will need to work out a large number of considerations, which, depending on your ability to work together—or lack thereof—may lead to stressful negotiations. For many couples, dividing the marital estate can be among the most challenging of allContinue reading