Posted on December 00,0000 in DuPage County divorce lawyer

During the asset division phase of your divorce, you and your spouse will decide which marital assets you each get to keep. What you may not realize is that you will also have to figure out who will be responsible for your debts. Any debt that you and your spouse jointly incurred during your marriage is considered marital debt. This means both you and your spouse will be responsible for repaying that debt after you are divorced. When it comes to dividing what you owe, things can become contentious, since debt is one of the few things in your divorce that you will not be fighting to keep.

Try to Be Debt Free Before You File

Creditors do not care what a divorce decree says. All they care about is being reimbursed. Even if your spouse was ordered to pay back a certain debt, if your name is on that account, and your spouse does not pay, you could be held responsible. The easiest way to prevent any issues arising from your debt is by not having any debt when you file for divorce. This is not a possibility for some, though you should still try to wipe out as much marital debt as possible before you file for divorce.

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

Many people who get a divorce state that finances were the reason or at least played some part in the breakdown of the marriage. For those couples--and many other couples--the stress of money does not stop there. Many divorces are also quite contentious and filled with anxiety over the couple’s financial issues. Most couples have their assets intermingled in some way, and when they get divorced, they have to figure out how to separate them. Below are a few common financial issues that divorcing couples face and how best to deal with them.

Assessing Your Assets

Not all assets were created equally. Before you begin to do anything involving your finances, you need to understand them. Make a list of every asset you have. These can include:

• Cash

  Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

Making the decision to get a divorce is never easy. For many people, it takes months or even years to come to the conclusion that a divorce is their best option. Once a couple has accepted the idea of ending their union, they do not want to regress by going through a contentious and drawn-out divorce. For some couples, a collaborative divorce is a solution that works best for them. A collaborative divorce is a dispute resolution process that takes place in conference rooms or lawyers’ offices, rather than in the courtroom. The collaborative divorce process offers many benefits that the traditional divorce process cannot offer, including:

Less Hostility

One of the benefits that a collaborative divorce offers is the possibility of a more civil, less hostile divorce process. In a litigated divorce, you and your spouse are likely to have much more contention and may not be able to come to an agreement on issues. This does not mean that you and your spouse will not disagree with one another or that the negotiations will be simple in the collaborative process. However, you and your spouse are working together to create solutions that will benefit everyone in a collaborative divorce.

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

If you think your divorce is stressful for you, it can be even more taxing on your children. For kids, their parents' divorce is a very confusing and tumultuous time. While it is completely normal for children to be sad, uncertain, or even angry when their parents are going through a divorce, it is important for you to understand that there are things you can do to make the change somewhat easier. Divorce is a process, not only for you but also for your children. Your job as a parent is to help your children through this process so they are able to come out on the other side stronger and more well-rounded individuals.

Breaking the News

Many parents do not know how to talk to their children about divorce, much less how to break the news to them. The way you first tell your kids about your divorce can set the tone for the entire healing process. You should tailor your conversation to your children; if they are younger, it is best to keep the message simple and sweet. If you have older children, you can provide a little more detail, but it is still important to only share the information they need to know.

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

Change can be hard for anyone, but it can be especially difficult for children. When it comes to divorce, children will typically experience a lot of change in a short period of time. Their living arrangements will change dramatically, they will not be spending as much time with either parent anymore, and in some situations, they may even have to adapt to new routines. All of this change can be hard on children, because they depend on stability and routine so much. This is a known fact, which is why the state of Illinois requires every divorcing couple who has children to create a parenting plan before they can finalize their divorce.

What Is a Parenting Plan?

A parenting plan is a legal agreement that contains information about how two parents will take care of their children once they are separated. In Illinois, a parenting plan will contain information about how parenting time is divided, along with how parental responsibilities are allocated. The Illinois Marriage and Dissolution of Marriage Act (IMDMA) contains the basic elements that all parenting plans must include in order to be approved.

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

For many couples going through a divorce, their biggest worry is how it will affect their children. Most people think that the only children who will be affected by divorce are those who are still young and living with their parents. In reality, children of all ages can still feel the effects of their parents’ divorce, even when they are adults. When parents who have adult children get a divorce, it can be particularly difficult for the whole family, because these marriages have typically lasted for years, if not decades. If you have older children, and you are going through a divorce, it is important to be sensitive to their feelings and needs. Here are a few tips to follow to help your adult children during this family transition:

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

Making the decision to get a divorce is often one of the most stressful periods in a person’s life. For many people, it can take months or even years to come to the conclusion that a divorce is the best option. During this time, many couples turn to legal separation to begin the process of ending their marriage before they become legally divorced. During the separation, financial issues can be confusing and daunting to manage. Planning ahead regarding your finances is essential to ensuring a smooth divorce process. If you are contemplating divorce and think a legal separation is the best first step, here are a few tips to help you manage your finances during this period of transition:

Create a New Budget For Yourself

One of the first things you should do when you become separated from your spouse is to figure out a new budget. Once you are divorced from your spouse, you will likely only be living off of one, rather than two, incomes. You should reconfigure a budget that allows you to live comfortably based on your new expenses and your own income.

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

Most people have heard of a divorce decree, but they may not know what it actually is. If you are going through a divorce, you probably know that getting your divorce decree is the last step in finalizing the process. There can be a lot of paperwork and forms involved in a divorce, but the divorce decree is perhaps the most important legal document of all. It is, therefore, best to have a skilled Illinois divorce lawyer guide you through the process to avoid any mistakes that could impact your future.

What Is a Divorce Decree?

A divorce decree is a legal document that formally declares and finalizes a divorce. The divorce decree contains information pertaining to the marital issues that have been decided on in the divorce. The contents of the divorce decree will vary depending on the couple, but most divorce decrees typically address the following topics:

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

Contrary to what many people think, there is more than one way to get a divorce. Traditionally, divorces have been negotiated and issues decided between the two spouses and their attorneys. Occasionally, the court system would be involved if the spouses could not come to an agreement on certain issues. In recent years, alternative forms of dispute resolution, such as mediation or collaborative law, have become popular ways of completing a divorce. While it is true that divorces are often less stressful and much less expensive if you choose one of those alternative forms of divorce, they are not for everyone. Mediation and collaboration may be preferable, but when is it necessary to skip over the niceties and head straight for litigation? Here are a few signs that indicate a litigated divorce could be your best option:

Continue Reading ››

 Posted on December 00,0000 in DuPage County divorce lawyer

Most parents will agree that the most important aspect of a divorce is making sure the children are okay. However, many parents worry about how a divorce will affect their children. Therefore, a lot of couples are currently in unhappy marriages in an attempt to spare their children the stress of divorce. It is important to remember that a divorce is the result of an unhealthy relationship between two spouses -- it has nothing to do with their children. While you cannot protect your children from all of the stresses and changes a divorce can cause, you can take steps to make sure your children are protected from the arguments and other negative effects that a divorce can trigger.

Take Care of Yourself

Although it may seem selfish, one of the best things you can do for your children during your divorce is to make sure you take care of yourself before you focus on them. A divorce can be traumatizing and can take its toll on you after a while. You should practice self-care by eating healthy foods, exercising, getting enough sleep, and talking to people in your support system. When you are emotionally stable, you are better able to guide your children through this major life transition.

Continue Reading ››