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December 2018 Archives

Mistakes with real estate that divorcing couples should avoid

Some divorcing couples in Illinois may need to divide a home. It is important to do this in a way that minimizes financial harm to both people. For example, some people may be committed to keeping the home, but realistically, they may be unable to keep up with the associated expenses. The couple can sell the home right away and split the proceeds, or one spouse can buy out the other.

Minimizing post-divorce credit card debt issues

The end of a marriage in Illinois doesn't necessarily mean the end of joint credit card debt obligations. This is because credit card companies aren't legally bound by divorce decrees. Therefore, it's entirely possible that an ex could be held responsible if a former spouse fails to pay a debt that was jointly incurred. While it is possible to add stipulations to a divorce agreement that would force an ex to pay their share, returning to court can be a time-consuming and expensive process.

Preparing financially for divorce before marriage

Many couples preparing to walk down the aisle in Illinois do so with the anticipation of staying united in matrimony indefinitely. Unfortunately, circumstances can change, and knots can be untied. According to one study, nearly 60 percent of couples surveyed believed financial issues were "somewhat" responsible for the end of their marriage. Approximately 20 percent of divorced respondents felt financial matters were a more of significant factor, and nearly 30 percent cited their spouse's credit score as a source of marital stress.

How to handle the holidays after divorce

Illinois parents who are getting divorced might be worried about how to handle the holidays. This can be a time of anger, fear and sadness for both the exes and children. However, parents have an obligation to put aside those feelings and focus on trying to make the holidays pleasant for everyone in the family.

How a divorce coach fits into the divorce process

When an Illinois resident is considering getting divorced, he or she may assume that the first step is to hire an attorney. While an attorney may provide legal counsel and representation in a divorce, another type of professional could provide guidance and help a divorcing person to prepare for the matters that lie ahead. A divorce coach offers emotional support, guidance and answers to questions about what to expect as the divorce moves forward.

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