Some married couples combine everything they own and earn with one another. They have joint credit cards and both deposit their paychecks into the same checking account. Others might keep as much of their property separate as possible. Each spouse may have their own...
Divorce
Some advice for selling your home as you and your spouse divorce
Many divorcing spouses find that the best option – and possibly the only financially feasible one – for dealing with their home is to sell it and divide the proceeds. It’s typically best to put your home on the market as soon as possible. The sooner you can sell it,...
Talking to your ex about setting up a parenting plan
Whether you’re going through a divorce or you and your ex are unmarried parents who are separating, discussing how you’ll co-parent can be one of the most challenging conversations you’ll have moving forward with your ex. Thankfully, focusing on the creation of a...
Will the length of your marriage affect your divorce settlement?
Did you know that the length of your marriage is among the factors that will influence your divorce settlement? Whether you’ve been married for a short time or many years, understanding how the duration of your marriage factors into the divorce process can help you...
How can a gray divorce impact your retirement?
If you’ve been in the workforce for some years, you’ve undoubtedly dreamed of your retirement. You’ve likely envisioned spending time with grandchildren, traveling and pursuing your favorite hobbies. One thing you didn’t plan on is getting a divorce. However, gray...
How to prepare for sharing custody when the kids are back to school
With summer break coming to an end, your thoughts as a parent are likely turning toward the new school year. If you have spent the summer working on a divorce, it’s important to consider how the return to school will be different for you and your child. You likely had...
What is marital asset dissipation in a divorce?
Asset dissipation occurs when one spouse intentionally wastes marital assets in anticipation of a divorce. This can take various forms, such as extravagant spending, transferring marital assets to third parties without mutual consent, destroying marital property or...
When might a court order supervised visitation?
Child custody issues in Illinois are settled on the basis of the best interests of the child. The family court will address the issue at hand and reach a judgment that meets the child’s best interests. Generally, this involves one parent being awarded physical...
Reasons to modify your child custody schedule
After a divorce, you may share child custody with your ex-spouse. This likely means having a child custody schedule so each parent is aware of when they will have custody of their child. Over time, you may need to alter a child custody schedule. Many parents have to....
When divorce triggers depression
For many people, divorce is followed by a period of mourning what has been and what might have been. For this reason, its emotional impact can be likened to that of the death of a loved one. Unfortunately, people who get divorced generally don’t get nearly as much...