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Divorce in the U.S. has changed in many ways during the last decade. The divorce rate has settled down from the boom the country experienced in the 1970s. Millennials, who were the children of many of those divorces, are waiting longer to get married and start a family. Divorce has also become more amicable because of the rising use of conflict resolution methods such as mediation and collaborative divorce. Women have increasing power during the process and are less likely to be financially dependent upon men. However, men have also seen increased benefits from divorce, thanks to that same trend…
A couple in a high asset divorce has more at stake in the division of property – and more to lose if they make a mistake. A poorly conceived divorce agreement could cost you a small fortune in lost or squandered assets. Once the agreement is approved, you will not get a do-over unless you can prove that your spouse intentionally deceived you during your divorce or you signed the agreement under duress. To avoid having remorse over your high asset divorce, you should do your best to get your agreement right the first time. Dig Deep The main way that…
Children can be unpredictable when it comes to how they will react to major events, such as their parents getting divorced. You like to think that you know your child well enough to be able to anticipate how upset they will be, but there is no precedent for them responding to divorce. If your child’s behavior takes a turn for the worse, that will add yet another concern to an already stressful time in your life. Bad behavior for some children is throwing tantrums or behaving rudely. For others, it may be more serious misbehavior that gets them in trouble…
It is not enough to wait until after your divorce is over to decide on your post-divorce goals. You should already know what your primary goals are before you start the divorce process so that you can negotiate your divorce with those goals in mind. Once the court has approved your divorce agreement, it will be difficult to modify it if you realize that you missed an opportunity for your agreement to help you achieve a goal. A skilled divorce attorney and a divorce coach can help you identify your divorce goals and plan for how you will achieve them.…
Going through a divorce is fundamentally the same process for everyone, regardless of their age. You need to divide the life you shared, including the assets you accumulated and the responsibilities you hold. Getting divorced when you are age 50 or older means you will approach some of these issues differently than if you were a younger couple. Your children are likely either adults or getting close to adulthood, which makes child-related issues less of a focus. However, there are other issues that can be more complicated during a gray divorce: Health Insurance: Having good health insurance coverage becomes more…
Thousands of Illinois residents adopt children each year, providing new homes to those in need of a stable family. If you wish to become an adoptive parent, you should be aware that it is a long and sometimes arduous process. The cost of adopting a child may surprise you. According to Adoptive Families Magazine, the average adoption in the U.S. costs $43,000. However, the cost does not have to be an obstacle in completing the adoption process because there are ways you can be reimbursed. Adoption Costs The price of adoption depends on factors such as which adoption agency you use…
Spousal maintenance that is awarded during a divorce is meant to last for a defined length of time, usually determined by the length of the marriage and the needs of the recipient. In Illinois, maintenance may be permanent if the couple was married for at least 20 years or the recipient spouse has little chance of being able to support themselves. Sometimes, the divorce agreement may state that the parties will review the maintenance after a certain number of years to determine whether it should be extended or terminated. A recent Illinois case, in re Marriage of Brunke, involved two former…
Any divorce professional will tell you that it is beneficial to have an amicable divorce. You save money by having quicker negotiations and feel better about the process after it is over. Unfortunately, there is no guarantee that you will have an amicable divorce because you are only half of the equation. There is little that you can do to change the behavior of a spouse who is hostile towards you from the start of the divorce. Though your divorce will not be amicable, you can still try to make the best of the situations by controlling your own behavior.…
Your first Christmas after a divorce can be a difficult adjustment for yourself and your children. Parents’ main concern is usually how they will divide parenting time during the holidays so that they both can enjoy it with their children. Gift-giving is another topic that co-parents need to discuss leading up to Christmas. Do not assume that your co-parent has the same idea about what is appropriate regarding the types of gifts you will get your children and their value. You should share your gift-giving duties in the same way as you share other child-related responsibilities and expenses. Budget Newly…
Getting divorced involves expenses that are necessary for completing the process in a way that meets your needs. For instance, you need to hire a divorce attorney so that you have an experienced legal professional who makes sure that your divorce agreement takes full advantage of the law and does not contain errors. Hiring a divorce coach may seem like a less necessary expense, especially if you are worried about your budget. However, there are several reasons why a divorce coach is worth the investment: A Divorce Coach Can Focus on Your Personal Life: Who should you contact when you have…
When one spouse believes that the other spouse wronged them during their marriage, they may want their divorce agreement to be a way to punish their spouse. Illinois divorce laws do not assign blame to either party for actions such as infidelity, but the court may favor the “victim” spouse when dividing marital properties if the cheating spouse used marital assets to pay for the affair. Parenting time is not a commodity that you withhold from your spouse to punish them. You must base all of your parenting decisions on what is best for your children, and obstructing parenting time…
More than a million people from around the world immigrate to the U.S. and become permanent residents each year. Many people are attracted to the opportunity for a better life, while others may be following a job offer or looking for a change. It is common for couples and families to make the move together with no intention of leaving the U.S. What happens when a couple who was married in another country decides to divorce while living in the U.S.? The divorce laws of the state in which they live will determine how the divorce will proceed. Where Do…
Retirement assets grow in importance as marital property the longer you are married. If you divorce after several years of marriage, they could be one of the most valuable properties you own. As with all marital properties, you must include your retirement benefits as part of your division of property, and figuring out how to do so will be one of the most complicated parts of the divorce process. In general, there are four steps to determining how you will divide your retirement benefits as part of your divorce agreement: Valuing Your Benefits: To start, you need to know the…
Divorcing or separated parents in a dispute over their parenting time are often looking for something that will give them an advantage over their co-parent. Pointing out flaws in your co-parent’s character feels like a strong argument for giving you a greater share of parental responsibilities. However, character attacks are not always effective in a parenting case and may instead backfire on the accuser. You will be best served during your parenting case by demonstrating the strengths of your own character and only bringing up your co-parent’s lack of character if you can explain actual ways that it is harmful to your children.…
When you and your spouse have decided that your marriage is over, it feels like there is little reason to delay getting a divorce. You may be eager to complete your divorce and move into the next stage of your life. Prolonging your marriage can be just as stressful for your children as your divorce will be because they can tell that you are unhappy and your relationship is strained. However, a short delay in starting your divorce could ultimately pay off if you need time to prepare yourself. Financial Security In the rush to complete a divorce, some…
In most situations, the only way to end a marriage is to divorce your spouse. However, you may be able to annul the marriage if you can prove that it was never valid. The advantage of an annulment is that you will not have to divide your properties or pay spousal maintenance because the marriage never legally existed. The disadvantage is that there is a deadline to request an annulment and you will have to put more work into arguing why your marriage should be annulled. With a divorce, you only need to prove irreconcilable differences between you and your…