Oswego prenuptial agreement attorneyNot all marriages have a happy ending. In fact, depending on the source you consult, around 40 to 50 percent of all first marriages in the United States end in divorce. If that statistic was not sobering enough, the divorce rate only increases for people who are married a second and even a third time, with numbers soaring to somewhere around 60 to 65 percent of marriages ending in divorce. Though the statistics suggest that the odds are against you when it comes to remarriage, everyone deserves to be happy and find a partner with whom they can spend their life. Having a successful second marriage is not impossible; you just need to plan accordingly before you walk down the aisle a second time. Below are a few things you should keep in mind before you get remarried:

Be Truthful

First and foremost, you should be sure that you divulge everything of importance to your future spouse before you are married. You should be open and honest about all of your assets, credit history, debts, and other obligations. If you have obligations to provide child support or spousal maintenance to a child or spouse from a prior marriage, tell your new partner about them. Getting everything out in the open and being honest is the first step to a successful marriage.

Decide How You Want to Keep Your Assets

Second or subsequent marriages often include spouses who are bringing significant property and assets into a marriage. Make a list of each of your major assets and how you would like to use them or how they will be handled after your death. You and your spouse should decide how you want to handle all of your assets going forward. Will you have a joint bank account, or will you both still keep separate bank accounts? Which assets are important to separate?

Set it in Stone

Once you and your spouse have agreed upon a financial plan with which you are both happy, you should contact an experienced family law attorney to help you draft a prenuptial agreement. All of the decisions you agreed to in regard to your finances can be included in the prenuptial agreement, which is a court-enforced legal document. Though it may seem contradictory, a prenuptial agreement can help you keep your financial health if you do end up getting a divorce in the future.

Contact a Kendall County Family Law Attorney

Finding love again is possible after a divorce, but it is important to be prepared before you walk down the aisle the second time around. At the Law Office of Matthew M. Williams, P.C., we can help you get your affairs in order before you say “I do,” regardless of whether it is your first, second, or third marriage. Contact our skilled Oswego, IL prenuptial agreement lawyer today by calling our office at 630-409-8184 to schedule a consultation.

Sources:

https://www.forbes.com/sites/winniesun/2019/06/20/6-second-marriage-planning-tips-for-you-and-your-significant-other-before-walking-down-the-aisle/#58849dd1716c

https://www.huffpost.com/entry/five-tips-for-a-successfu_b_6888984

 

Posted in Aurora Family Law Attorney, Batavia family law attorney, Child Support, Debt, Division of Property, Divorce, Divorce Finances, Divorce Rate, Family Law, Geneva family law attorney, Illinois family law attorney, Illinois Law, Kane county family law attorney, Kendall County family law attorney, Multiple Marriages, Oswego family law attorney, Prenuptial Agreement, Spousal Maintenance, Spousal Support, St. Charles family law attorney, Yorkville family law attorney | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment | Edit

North Aurora asset division lawyer marital home

Getting a divorce involves dividing up almost everything you and your spouse own together, and the family home is no exception. For many couples, dealing with the family home is a point of contention, because it is often one of the most valuable marital assets to be divided. When you and your ex-spouse must figure out what to do with your home, there are typically three solutions that you could pursue: sell the home and split the profits, continue co-owning the home together, or have one spouse keep the home. There are many situations in which one spouse will want to continue living in the family home, especially if there are children involved. If you have come to the conclusion that you want to keep your home, you must then figure out how that can be accomplished. The following are a few steps you should take if you want to keep your house after your divorce in Illinois:

Figure Out What the Home Is Worth

Before you decide on anything, you have to figure out the value of your home and how much you will need to perform a buyout. First, you and your spouse should come up with a figure that you both can agree on as far as how much the house is worth. If you and your spouse cannot agree on a figure, you should hire a property appraiser to determine the home’s value.

Next, you will have to determine each spouse’s share of equity in the home. To do this, you would take the home’s value and subtract how much is still owed on the home. The resulting figure is the amount of equity you have in the home. Then, you will have to decide how much of that equity each spouse owns. In Illinois, property is divided in an equitable manner, meaning you do not necessarily each have a 50/50 share in the equity of the home, but your share should be fair.

Decide How You Will “Buy Out” Your Spouse

Once you have figured out the amount that is needed to perform a buyout for your home, you will have to decide how you will come up with the money. Common options include selling other assets, cashing in your investments, or borrowing money from the bank. You can also negotiate with other marital assets, such as agreeing to give up more of your retirement account or relinquishing ownership of a vehicle.

Contact a St. Charles, IL Divorce Attorney

For many spouses who want to keep the family home, the choice is sentimental. In many cases, the home is a symbol of the family that was created there and the life that was built with your partner. For some people, the path to keeping the family home is attainable with proper planning and organizing. For others, it is simply not financially possible to stay in the home on one salary. At the Law Office of Matthew M. Williams, P.C., we understand how big of a decision it is to figure out what to do with the family home. Our compassionate Kane County asset division lawyers will help you explore all of your options and advise you on the best decision for your situation. Call our office today at 630-409-8184 to schedule a consultation.

Sources:

https://www.forbes.com/sites/forbesfinancecouncil/2019/07/30/follow-these-steps-to-keep-the-house-after-divorce/#72983db7a5bf

https://www.wife.org/keep-house-divorce.htm

 

Posted in Aurora divorce attorney, Batavia divorce lawyer, Division of Property, Divorce, DuPage County divorce lawyer, Geneva divorce attorney, Kane County divorce attorney, Kendall County divorce attorney, North Aurora divorce lawyer, Oswego divorce attorney, St. Charles divorce lawyer, Yorkville divorce lawyer | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment | Edit

North Aurora divorce lawyer social media

Social media is a large part of many people’s everyday lives. With the invention of platforms like Facebook, Instagram, and Twitter, it has become easier than ever to keep in touch with the people you care about and connect with new people all over the world. Although social media has its perks, it can also be a nuisance in some people’s lives, especially in delicate situations such as divorce. During your divorce, how you use social media can make or break you. You do not necessarily have to stop using social media completely during your divorce, but you should be very aware of what you post online. Here are a few social media mistakes that you should avoid making at all costs during your divorce:

Do Not Reveal Too Much About Your Life

One of the biggest mistakes you can make is to overshare on social media. During a divorce, there are several things that you and your spouse must agree upon, including property division, spousal support, and parenting time. These things can all be negatively impacted if you share contradicting or concerning information on social media during divorce negotiations.

For example, if you claim you need spousal support to survive after your divorce, but you are posting photos of you taking lavish vacations or buying expensive items, your claim could be questioned in court. Posting photos showing you performing illegal or inappropriate acts could cause the court to question your fitness as a parent or could serve as evidence that your spouse could use against you.

Do Not Post Negative Comments About Your Spouse

It can be tempting to take to social media to let off some steam and post things about what is bothering you in your life. When going through a divorce, you may be feeling a lot of stress, resentment, or anger toward your soon-to-be ex-spouse. Posting negative comments or statuses about your spouse on social media is a bad idea, and it may cause the court to question your character as well as your mental and emotional state. This can result in less parental responsibility if the court decides it would be in your child’s best interests.

Contact a Geneva, IL Divorce Attorney

Social media is a wonderful tool, but misusing it can result in situations that can be difficult to resolve. If you are going through a divorce, posting negative comments online can be detrimental to your case. That is why you should speak to a skilled Kane County divorce lawyer who can guide you through the process and help you take the necessary legal steps to achieve a positive outcome to your case. At the Law Office of Matthew M. Williams, P.C., we understand the impact a divorce has on the whole family and how it can affect your future. Call our office today at 630-409-8184 to schedule a consultation.

Sources:

https://www.adweek.com/digital/james-jorner-effective-inbound-marketing-guest-post-3-social-media-mistakes-divorcing-couples/

https://www.itsovereasy.com/insights/approaching-social-media-divorce

 

Posted in Aurora divorce attorney, Batavia divorce attorney, Child Custody, Child Support, Division of Property, Divorce, DuPage County divorce lawyer, Geneva divorce lawyer, Kane County divorce lawyer, Kendall County divorce lawyer, North Aurora divorce lawyer, Oswego divorce lawyer, Parental Rights, Parenting Time, Spousal Maintenance, Spousal Support, St. Charles divorce lawyer, Visitation, Yorkville divorce attorney | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment | Edit

North Aurora parenting time lawyer

Now that the end of fall is nearing, the weeks will start flying by, and the winter holidays will be here before you know it. While this time of the year is for celebrating, it can prove to be a difficult time for many families, especially for children whose parents no longer live together. Every parent wants to spend special days and holidays with their children, but the reality of co-parenting is that there will more than likely be situations in which your children will be with their other parent instead of with you. Parenting time schedules are often different during the holidays, and adjusting them can be difficult. Here are a few common ways parents can split parenting time during the holiday season:

  • Change holidays every other year: One of the most common parenting time agreements is having the children spend holidays every other year with each parent. For example, if the kids spend Thanksgiving with their mother this year, then the next year they would spend that holiday with their father. This ensures that not more than one year passes before a parent can spend a holiday with their child.

  • Split the holiday in half: Another popular parenting time agreement during the holidays is to split the day between both parents. This can be beneficial for parents who both want to spend time with their kids on one day, but it also requires proper planning to ensure each parent actually has adequate time with the children.

  • Schedule two times to celebrate the holidays: If it is impossible for parents to split the day, and they do not want to miss celebrating with their children, scheduling a separate time to celebrate can be a good solution. For parents who both want to celebrate Christmas with their children, one parent can celebrate the holiday on Christmas Eve, while the other parent can celebrate on Christmas Day.

  • Assign holidays to each parent: Some parents may consider certain holidays more important than others. For instance, a parent who celebrates Hanukkah rather than Christmas can always ask to have their children on that day, while the other parent may always have the children on Christmas, no matter what.

Contact a Kane County Family Law Attorney

If you and your former spouse are separated or divorced from each other, it can seem overwhelming to figure out who gets to spend time with your children on certain holidays. While trying to reach an agreement with your ex can be frustrating, having help from a North Aurora, IL parenting time agreement lawyer can be extremely beneficial. At the Law Office of Matthew M. Williams, P.C., we can help you and your ex-spouse agree on a parenting time schedule that works for everyone. Call our office today at 630-409-8184 to schedule a consultation.

Sources:

https://www.custodyxchange.com/examples/holidays/

http://www.ilga.gov/legislation/ilcs/ilcs4.asp?ActID=2086&ChapterID=59&SeqStart=8300000&SeqEnd=10000000

 

Posted in Aurora divorce lawyer, Aurora Family Law Attorney, Batavia divorce lawyer, Child Custody, Children of divorce, Divorce, Divorce and Holidays, Geneva divorce attorney, Illinois family law attorney, Kane County divorce lawyer, Kendall County divorce lawyer, Life After Divorce, North Aurora divorce lawyer, Oswego divorce attorney, Parental Rights, Parenting Time, St. Charles divorce lawyer, Visitation, Yorkville divorce attorney | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment | Edit