The Law Office of Matthew M. Williams, P.C.

630-409-8184

1444 North Farnsworth Avenue, Suite 307, Aurora, IL 60505

Yorkville Office By Appointment

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Posted on in Divorce

divorce, Aurora divorce lawyerDeciding to end your marriage is difficult, but the process of divorce can be especially challenging if you are not prepared. Your divorce is likely to include a number of fairly complicated elements, but with a little advance planning, you can be ready for the potentially long road ahead. If you are considering a divorce, you should:

Decide How You Want to Handle Your Divorce

Your attitude toward your divorce can make a dramatic impact on the proceedings and the eventual outcome. Before you file any formal paperwork, you should set goals about the process. You can decide that you will do everything possible to keep your divorce amicable and friendly, or you can decide that getting exactly what you want is more important than preserving a future relationship with your ex. Keep in mind that a bitter, contentious divorce could end up taking much longer, costing more money, and may not be best if you have children.

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finances, Aurora family law attorneyIn the United States, an estimated 40 to 50 percent of all first marriages end in divorce. That number jumps to 60 percent for second and subsequent marriages. In survey after survey, one of the top issues that cause major rifts between married couples is finances. Different spending habits, different saving habits, and other differing perspectives on how money should be handled can do a lot of damage in a marriage. For example, one survey revealed that 47 percent of the couples surveyed had completely opposite spending and saving habits, which led to much stress in the marriage.

These statistics make a good argument as to why it is critical for engaged couples to have serious discussions regarding finances before they get married. Knowing how your future spouse handles money can help avoid big surprises after the vows are exchanged.

Future Career Goals

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financial professional, planner, Aurora divorce attorneyHave you ever consulted with an accountant, analyst, or financial planner? For many people, working with a financial professional is something that only the wealthy need to worry about. Of course, there are those who would suggest that it is through working with financial advisors that many are able to become wealthy, but that is a topic for another day. Regardless of your income or tax bracket, however, divorce can be one of the most economically complex processes that you will ever be forced to navigate, and to get through it, the help of a financial professional may prove to be absolutely necessary.

Division of Assets

Allocating marital property is among the most challenging concerns for a large number of divorcing couples. It can be nearly impossible to determine what is fair and equitable if both spouses do not have a clear of understanding of the value of each part of the estate. A real estate appraiser, for example, can provide an accurate valuation of your home, while a retirement professional can help you analyze the current and expected value of pensions, 401(k) plans, and other investments. These considerations must be made before you and your spouse can split your assets, and doing so can allow you both to feel that you have been treated fairly.

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The Law Office of Matthew M. Williams, P.C.

630-409-8184

1444 North Farnsworth Avenue, Suite 307, Aurora, IL 60505

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