If you and your spouse in Illinois have decided that you should not stay married to each other, you will have to embark on the task of determining how to separate your marital estate. The division of assets is often one element of a divorce that extends the time it takes to finalize the end of a marriage. A family home is commonly one of a couple's largest assets and the corresponding mortgage their largest debt. If your spouse wants to keep your home, it is important for you to know how to protect yourself financially down the road.
Illinois couples who are getting a divorce will have some issues to work through. Whether it's custody matters, alimony payment, or how to divide assets, there are going to be plenty of areas in which arguments may occur. So how can a couple get through these arguments?
As more and more retired parents decide to end their marriage, a higher number of adult children are left having to cope with this sudden shift in family structure. Unfortunately, not many studies offer insight into how divorce can affect adult children. One thing is clear, though: they are affected just as much as younger children.
As a divorced resident in Illinois, you have already jumped through all of the hoops for legally ending a marriage. However, after these decisions have been made and the terms have been settled, the life circumstances that led to them may not stay the same. Will you be stuck with old, outdated terms forever?
When you file for divorce, there are a myriad of issues you are forced to tackle before your divorce settlement can be finalized. One of the most daunting tasks is separating marital property and assets that have been accumulated throughout your years of marriage. You may have grown attached to your property and it can be difficult to determine who is entitled to receive what pieces after the marriage ceases. It is important that you understand what constitutes marital property so that you can be sure to get everything you are entitled to in the divorce settlement.
From an emotional point of view, family law matters can be very difficult. Whether someone is struggling with the outcome of a dispute over child custody or they are worried about child support payments, alimony, property division or some other issue, family law can be tough for people in various situations. For some people, the idea of bringing a marriage to an end after many years can cause a lot of anxiety. Moreover, these difficulties can lead to very high levels of stress, which can be detrimental in all sorts of ways. It is imperative for those who are suffering from high levels of stress to do what they can to reduce these feelings both during and after divorce.
If your pet is a beloved member of your family and you and your spouse will soon get an Illinois divorce, which of you gets custody of the pet? Believe it or not, if you and your soon-to-be ex-spouse cannot agree on which of you the pet will live with after your divorce, the two of you can litigate this issue much like you would litigate a child custody issue.
As someone navigating your way through a divorce in Illinois, you may be trying to figure out the value of certain assets so you can determine how to divide them accordingly. Depending on the specifics of your situation and the relationship between you and your soon-to-be-ex, you may also be trying to figure out exactly how much your spouse earns or has at his or her disposal. He or she may, in turn, be trying to prevent you from doing so, and both of the above scenarios may warrant the hiring of a forensic accountant.
There are a number of factors which can influence the outcome of a custody case, such as the income of each parent and a track record of domestic violence. Some people may not realize, however, that there are other issues which may impact a custody decision. For example, in the digital era, many people regularly post to social media. These posts may consist of relatively mundane information regarding daily life, or they may involve personal information, such as details related to a divorce or child care. If you are in the midst of a custody dispute, it is crucial to be very careful with regard to the information you share online.
Losing a job can be hard for many reasons, such as destroying dreams and shattering careers. It is very important to be aware of some of the other ways in which this hardship can carry over into someone’s life, especially if they are involved in a serious relationship. For example, someone’s marriage may be threatened by the loss of their job, whether they experience strain in their relationship due to financial stress and disagreement or develop depression and other challenges that can affect their relationship. Moreover, the loss of a job can lead to other types of family law challenges.