Call An Experienced Family Law Attorney 847-680-8520
The Law Office of Cynthia L. Lazar
Arrange A Consultation Menu Contact
Our Practice Areas

May 2019 Archives

How to prepare financially for a divorce

When people in Illinois get a divorce, they need to be able to protect themselves financially, and this requires a thorough knowledge of their financial situation. They also need to understand what their expenses will be like after the divorce. The first step should be to gather as much documentation as possible.

Advantages of a peaceful divorce

Ending your marriage does not need to be a complete train wreck. If you dread the thought of courtroom fights and shelling out thousands of dollars to fight over assets, you are not alone. This type of divorce is emotionally and financially draining. You and your spouse do not have to split up this way. There are plenty of amicable divorce options, including:

Rules for receiving benefits after a marriage ends

Social Security benefits may be offered to an individual based on his or her spouse's work record. This is generally true if the individual was married to that spouse for at least 10 years. The amount of the benefit is equal to 50% of the benefit that the former spouse is set to receive. However, that former spouse will still receive his or her full benefits.

Children and divorce

Separating parents in Illinois should keep in mind that the divorce process can be very difficult for children to handle well. However, there are some steps that divorcing parents can take to make sure that their children emerge from the divorce able to cope with the many changes.

How divorce impacts insurance policies

When a person gets divorced in Illinois, it is important to take time to review how it could impact that individual's insurance coverage. After a marriage ends, someone who was covered by a spouse's insurance policy may no longer be covered. One option to obtain coverage in the aftermath of a divorce is to take advantage of the Consolidated Omnibus Budget Reconciliation Act, or COBRA. Another option is to purchase a policy through the Affordable Care Act, or ACA.

Speedy divorce settlements could lead to future credit problems

Divorcing spouses in Illinois are often eager to reach an agreement quickly so they can move on with their lives. Unfortunately, the simplest way to settle thorny financial issues is not always the most prudent. While simply going through a divorce does not impact credit scores, some of the decisions made during property division negotiations could make it more difficult to borrow in the future.

National Association of Distinguished Counsel Nation's top one percent 2015 NADC Rue Ratings Best Attorneys of America Lifetime Charter Member The National Top 100 Lawyers Advocates 10 Best 2014 Client Satisfaction Award American Institute of Family Law Attorney
Back To Top