Divorce can have significant financial implications. This makes it very important for people to plan carefully to secure their financial future. If you are getting ready to end your marriage, make sure you go over the ins and outs of various financial issues that...
Divorce
4 steps to financially prepare for divorce
Divorce is a significant life event that brings about various challenges. Financial preparedness is important for navigating this transition smoothly. 1. Understand your financial situation Before embarking on the divorce journey, it is important to have a clear...
Estate planning documents to revisit when you divorce
Divorce is a significant life event that necessitates more than just emotional adjustments. It also requires reassessing various aspects of your life, including your estate plan. Neglecting to revise your estate plan after a divorce can lead to unintended...
4 financial implications of divorce
Divorce brings about significant changes, not only emotionally but also financially. As you prepare to untangle your life from your spouse, it is necessary to anticipate and understand the financial implications that may arise. 1. Income adjustments Following a...
Criminal records and parental responsibility determinations
The determination of parental responsibilities is an important aspect of family law. One factor that may influence this determination is the presence of a criminal record. According to a study by the University of Michigan almost half of all children in the US have a...
Is separation required to get a divorce in Illinois?
While U.S. News and World Report states Illinois was one of the states with the lowest divorce rates in 2019 at 6.2%, people in the state are still filing to end their marriages. When asking the court for a divorce, you have to follow specific rules. In many...
6 factors that influence parental responsibility determinations
Going through a divorce is a challenging process, especially when there are children. The issue of the allocation of parental responsibility sometimes referred to as child custody, can be an emotionally charged area that requires careful navigation. In Illinois,...
How to avoid parental alienation in a contentious divorce
A contentious divorce can make maintaining a positive environment for children difficult. One potential consequence of a high-conflict divorce is parental alienation, where a child becomes estranged from one parent due to the influence of the other parent. As a parent...
What does equitable division mean?
Severing personal and financial ties with your spouse requires a divorce to restore you to legal single status. Part of the process is dividing assets and debts in an equitable manner. What does this mean? Planning for a financial future as a single person means...
Tips to deal with the emotional toll of divorce
Many individuals who have experienced a divorce describe the emotional toll as one of the biggest challenges. While you certainly care about the financial and childcare terms of your separation, it also helps to pay attention to your emotional health. A better...