Going into your divorce, you need to have a plan for how you're going to rebuild your life -- financially, physically and emotionally -- once the divorce is done.
For parents, the hardest part of a divorce may be the effect it has on their children.
It takes strength to leave an unhappy marriage. People sometimes think of divorce as a failure of sorts, but the reality is that it's much easier to stay in a dysfunctional relationship and maintain the status quo than it is to leave one and start again.
How do you keep your divorce costs down to a minimum?
Sometimes, people just know that a divorce is the right choice. If that's you, then what some believe was the sign to divorce might resonate with you.
Going through a divorce doesn't have to be difficult, but more often than not, there are a few snags in the process that might cause disputes or delays. There are often financial concerns to worry about, which can weigh heavily on your mind.
If you have heard that divorce rates are declining, then you might think that is a good thing. However, just saying that divorce rates are declining isn't the whole story. In fact, while the divorce rate has dropped by around 18 percent between 2008 and 2016, that isn't actually accurate when you look at the whole picture.
Going through a divorce can deal a financial blow to a person in Illinois, especially if the individual has been financially dependent on his or her soon-to-be-ex. Fortunately, spousal maintenance may be awarded if one divorcing party has a monetary need and the ex has the ability to pay. Spousal maintenance can be either permanent or temporary depending on one's situation.
Getting married in Illinois can be both exciting and scary -- exciting for those who believe they have found their soul mates -- but also scary due to the fact that the marriage may not work. This is particularly a concern for those who are entering into marriages with valuable assets, as a divorce can cause them to lose a bulk of these assets. This is why drafting a prenuptial agreement may be a wise move to make before getting married.
One of the touchiest parts of going through a divorce in Illinois is figuring out how to split assets with one's spouse. This is because the decision made during a divorce regarding assets has a long-term impact on a person's financial situation long after the divorce has been finalized. Retirement assets, such as a 401(k) or a 403(b), can especially be challenging.