Tag Archives: divorce
Does Fault Matter in Your Divorce?
Imagine a reasonable scenario in which a person has been married to his or her spouse for several years. During the course of the marriage, the person’s spouse develops a pattern of physical and emotional abuse, as well as repeated episodes of adulterous behavior. What would your advice be to that person? More than likely, you would suggest that he or she needs to getContinue reading
Retirement Savings and Pension Plans in Divorce
The process of dividing assets and debts in a divorce can be very complex and confusing. Some assets—like a paid-off car or television—are fairly easy to identify as part of the marital estate, and allocating them to one spouse or the other is relatively straightforward. Other assets are not quite so simple to handle. Retirement investments and pensions, for example, present a number of complications in aContinue 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
Should Stay-at-Home Parents Expect Maintenance After Divorce?
While less common than in previous generations, there are still thousands—if not tens of thousands—of parents who do not work a traditional job, instead choosing to stay at home with their children. For these stay-at-home parents—primarily moms, if we are being honest—the prospect of a divorce can be incredibly frightening and overwhelming. Many stay-at-home parents have been out of the workforce for many years, and establishingContinue reading
Breaking the News of Divorce to Your Spouse
While divorce is certainly not rare in today’s society, it is still not an easy subject to discuss with your spouse. In every case, however, there comes the point at which the spouse who has made the ultimate decision to end the marriage must communicate that choice to the other partner. The way you tell your spouse that you want a divorce will set the tone forContinue reading
Understanding the Division of Property in an Illinois Divorce
Unlike equal distribution states, where marital assets are divided right down the middle, Illinois is an equitable distribution state. This means that the marital estate is divided “fairly.” Of course, fair is an obscure term that can create a lot of confusion and contention. If you are filing for divorce in Illinois, learn what factors may be used to divide your assets and property, and how youContinue reading
Before You Hit Send: The Dangers of Texting Your Spouse During Divorce
Communication is the key to resolving just about any difficult situation in life, including the differences between spouses in a divorce. In fact, if you and your spouse can communicate effectively, you can save a great deal of time, money, and stress along the way. It is important to recognize, however, that there is such a thing as communicating too much, especially in today’s world ofContinue 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
Special Needs Children and Divorce
While any child may experience negative consequences after a divorce, those with special needs are considered to be at the highest risk for emotional, financial, behavioral, and developmental problems. This is because the future, health, and development of a special needs child often rely on continued care and treatment. Many also struggle with changes to their environment. If you are filing for divorce and haveContinue reading
Divorcing With Children: Future College Expenses
The children may be young now, yet all too soon they will be achieving high school graduation and looking at different colleges and universities to attend. In many situations, if biological parents are financially able to pay for the costs of their children’s college education, they have the responsibility to do so. The same is true regardless if the biological parents are married, divorced, orContinue reading