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May 2018 Archives

Gray divorce on the rise nationally

For many people over the age of 50 in Libertyville and across the country, divorce is increasingly common among their age group and demographic cohort. While the divorce rate across the United States has remained steady or even declined over the past two decades, the opposite has been true for people over 50, members of the Baby Boomer generation. Since the mid-1990s, the divorce rate for people over 50 has doubled, and this trend is expected to continue in the coming years.

Planning for college expenses during divorce

Higher education costs in Illinois and around the country have risen sharply in recent years, and attending a four-year nonprofit college in the United States now costs an average of $46,950, according to data from the College Board. Students attending state schools pay an average of $20,770 according to the nonprofit group. Putting aside the money needed to cover these costs can be difficult for parents struggling to cope with the financial fallout of a divorce, and determining how tuition fees and room and board will be paid for is sometimes a contentious issue during settlement negotiations.

Collaborating in divorce for greater financial stability

For some Illinois couples, ending their marriage can be financially challenging. The divorce itself can be costly, and after splitting up households, both people may find themselves with a lower standard of living than they enjoyed together. However, increasingly, couples are looking at ways to approach the process more cooperatively and lessen the financial pain.

Becoming a custodial parent after divorce

When parents in Illinois go through a divorce, the thought of dividing time with their children is often difficult, and the world of child custody can be confusing and overwhelming. When beginning the child custody process, it can be particularly important to understand the legal terminology that all parties are using, especially when in court or working with a mediator to find a solution.

When parents share legal custody

In the state of Illinois, what many people think of as child custody is called parenting time. However, there is another element to custody that is commonly known as legal custody. This refers to which parent has the right to make decisions about major aspects of a child's life such as health care, religion and education. Legal custody is often shared, and there are advantages and disadvantages to doing so.

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