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February 2018 Archives

How to avoid financial ruin after a divorce

Divorce at any age can be difficult from a financial and emotional perspective. However, there may be unique challenges that Illinois residents or others face if they get divorced later in life. For instance, an individual who may be entitled to alimony may need to find ways to protect that source of income. This may be done by asking to receive a lump sum as opposed to monthly payments.

Business valuation can be key in divorce settlements

The financial aspects of a divorce can be some of the most challenging and troublesome parts for Illinois couples, especially when the marital assets are complex. In many cases, a family business may be the most valuable property in the marital estate and a settlement based on its value could be essential to the resolution of the divorce. When dividing such an asset, there can be a number of questions to resolve, including the proper valuation of the business, dealing with its value in relation to spousal support and other assets and ensuring proper reporting of income related to the business.

Why people should not try to get revenge during divorces

When Illinois couples decide to end their marriages, some want to use their divorces as a way to get revenge against their estranged spouses. People should never seek to get revenge through the divorce process because doing so is likely to make the situation much worse.

Issues for people who divorce in their 20s

Studies show that the divorce rate has fallen among adults between the age of 25 and 39, and a large reason for this is the later age at which people are marrying for the first time. However, this also means that Illinois couples who end their marriage in their 20s may feel isolated from their peers, most of whom are not divorced and many of whom may not even have married yet.

What people get wrong about being married

Illinois residents may have been told what marriage is supposed to be like. One of the common stories surrounding marriage is that it results in a lack of sex or intimacy in generally. The truth is that a couple can make their relationship into anything that they want it to be. This means that sex and intimacy may not necessarily go away just because a couple has walked down the aisle.

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