Divorce and the Marital Home
Divorce is full of difficult decisions. One issue that our clients regularly face is what to do with their shared marital home. In some cases, one party wants to hold on to the residence, either by buying out the other spouse or by replacing an existing mortgage with a new mortgage that only lists one spouse. In other cases, both parties agree that selling the home is the best decision. There are advantages and disadvantages to keeping or selling the home, and long-term implications that come with either choice, so it is important that those going through a divorce seek the help of an experienced divorce attorney who can advise them on this matter.
Spousal Maintenance in Illinois
Spousal maintenance is an important aspect of the divorce process, and those beginning the divorce process would be wise to become familiar with the topic. You may have heard spousal maintenance referred to as alimony or spousal support, and all names refer to the same idea of payments being paid to one spouse from the other spouse after divorce.
Divorce Impact on Your Health
There is no reason to stay in an unhappy marriage. While deciding to divorce can be a difficult decision to make, leaving an unhealthy relationship can change your life for the better in so many ways.
Leaving a marriage does not make you weak, or a failure. In fact, according to statistics from the Bureau of Labor, 42 percent of all people married between the ages of 15 and 46 end up divorcing by age 46. If you are struggling with taking the first step towards leaving your unhealthy marriage, remind yourself you are not alone. Millions of people have faced the same difficult decision and have significantly improved their lives.
Are You in an Unhealthy Marriage?
Are you considering divorce? If so, you are probably dealing with some conflicting feelings. Should you stay and continue to work on your relationship, or is your marriage past saving?
Knowing when to seek a divorce can be difficult. Marriage takes work, and most married couples experience their share of ups and downs, but how can you distinguish between typical marital problems and an overall unhappy marriage. It is not always as easy as it sounds, but understanding why you wish to end your marriage will allow you to move with confidence if you decide to divorce. There are several major signs that indicate you may be in an unhealthy marriage, one that is unsalvageable no matter how much hard work, therapy, or counseling you attempt.
Types of Co-Parenting Relationships
Are you stuck in an unhappy marriage but worried about the impact a divorce could have on your children? You are not alone. Many parents remain in unhappy marriages to spare their children the pain of divorce. While this may seem like a noble choice, it is often misguided. In fact, in many cases, children fare far better with separated parents compared to married parents in an unhealthy relationship. Why is this?
How Is Marital Property Divided in Illinois?
Did you know that different states divide marital property differently during divorce cases? Some states, Arizona, Louisiana, Idaho and California, for example, divide all marital assets in half during divorce cases, with half of a couple’s assets going to each divorcing party. In Illinois, and in the majority of other states in America, marital property is still split up during a divorce, but it is handled a bit differently. Instead of a 50/50 split, the property is said to be divided fairly and equitably. This means one spouse could potentially receive more than the other, depending on the unique circumstances of each divorce case. How is property divided fairly and equitably in Illinois?
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Decrease Your Chances of Divorce
Data from the American Psychological Association shows that up to 50 percent of all marriages in the United States end in divorce. The likelihood of divorce also increases significantly for those in second or third marriages. People are always wondering, “can I divorce-proof my marriage?” When most couples get married, they imagine a wonderful romance, and likely do not plan to get divorced. With the addition of complicated schedules, bills, jobs, children, and messy houses, however, marriage can easily and quickly turn from romantic to mundane. Many divorces happen for the right reasons when a couple hits an impasse and is unable to remain together. In those cases, it is healthy and necessary to separate. Are there ways, however, to “divorce proof” your marriage, or at least help your marriage endure? A contributor to the Boston Globe recently surveyed many successfully married couples, and while there may be no way to truly divorce-proof your marriage, here are some insightful tips that may help you and your spouse strengthen your relationship and decrease your chances of divorce.
Just Divorced? Tips for Getting Your Finances Back In Order
If you have just divorced, you are likely ready for some relaxation and recovery time. Everyone needs a little break after a stressful, complicated experience, especially after a taxing process like divorce. While you may be ready to take a break from the lawyers, paperwork, and court dates you faced during your divorce, there is one last area to focus on before enjoying your newly single life – your finances. Life post-divorce can be vastly different from married life, so it is crucial that you move on with a solid understanding of your finances and a plan for the future.
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Are ‘Divorce Mortgages’ Coming To Help Older Homeowners?
Gray divorces, or divorces among adults 50 and older, are becoming increasingly more common. In fact, the divorce rate for Americans 50 years old and older has doubled over the past 14 years. Divorce for older Americans, however, has its own unique challenges. Older couples are often either planning for retirement or about to retire, and a divorce can throw a major wrench in those plans. The divorce process itself can be costly, but even after divorce, life as a single person is typically more expensive than married life when incomes are combined. In many gray divorce cases, one spouse hopes to keep their shared family home, but this is unfortunately often too costly for one spouse to handle on their own, especially if they have other large expenses. For this reason, many divorce specialists suggest gray divorcees consider selling their shared home during their divorce and splitting the proceeds. Now, in the United Kingdom, lenders across the country have announced plans to implement “divorce mortgages” at some point this year, and there is a large chance these mortgages will become available in the United States soon as well. Here is what you need to know.
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Smartphone Apps Co-Parents Need to Know About
Co-parenting, or parenting after separation, is widely considered one of the best ways to keep a divorce as stress free as possible for the children involved. While the parent’s romantic relationship has ended, through co-parenting, parents are able to live their own lives while sharing the responsibility of parenting their children.
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