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Posts tagged "Divorce"

Conquering personality traits may help married couples

Contrary to popular belief, couples are not rushing to divorce courts. Yet a newly married couple still has to worry about what might end their marriage. Comprehending their faulty personalities can help spouses focus on learning how to develop tolerance toward each other and prevent the downfall of their marriage.

Divorce need not be so difficult

No one looks forward to divorce. While it is true that many Illinois marriages simply don't work and either one or both parties know they will ultimately be better off going their separate ways, the process of divorce can be messy and emotionally taxing. Although there is no magic formula to make the myriad of legal issues that need to be decided go away, there are ways to approach divorce that allow for the business matters to be taken care at the same time the human aspects are acknowledged and addressed. Divorce doesn't have to be so traumatic.

Millennials have an increased interest in prenuptial agreements

Illinois residents may find it interesting to learn that the 62% increase in married couples getting prenups is being driven by millennials. One of the forces that may be driving this increase is a change in financial focus seen in millennials. According to some, they are less interested in purchasing a home and more interested in the stock market. Going into marriage, it is possible that they have significant assets that they want to protect.

How to handle conflict during a divorce

As a general rule, all parents in Illinois are given the chance to be part of their children's lives after a divorce. This is based on the idea that a child does better by having access to both parents. Furthermore, allowing both parents to be in a child's life can reduce conflict between them. This could be beneficial for everyone in the family.

Special concerns during a gray divorce

For those who divorce later in life, the process can be more complicated. This is because a couple might have more assets and property to divide during a gray divorce, which is what it's referred to when both parties are 55 years old and above. Here are some things Illinois residents may want to consider during a gray divorce.

Preventing financial deception in a divorce

When Illinois couples decide to divorce, their once-loving relationship may have been transformed into something resentful and hateful. Even so, many people simply want to end their marriage as quickly as possible and divide the assets. Others may hatch vast schemes that attempt to keep assets from the other spouse, however. These types of actions are unlawful, and spouses found to be hiding assets may be held accountable by the court or financially penalized. Still, people continue to attempt to conceal assets in hopes of walking away with a financial advantage.

Planning helps avoid financial stress after divorce

Getting a divorce can be among the most stressful events in a person's life. It is taxing emotionally, financially and mentally, but people in Illinois and elsewhere who are considering ending their marriages can make the process more financially manageable by paying attention to a few specific areas. Individuals who keep track of costs during divorce, create a post-divorce budget and divide assets fairly have a better chance of avoiding financial strain.

Divorce can impact a person's health in many ways

A divorce can have a significant impact on a person's mental and physical health. Illinois residents who are older than 50 when they end their marriages may be even more vulnerable to changes in their mood, behavior or cognitive function. If someone's caregiver was his or her former spouse, it may be difficult for that person to obtain the medical care that he or she needs after the divorce.

What to consider when keeping the home in a divorce

Some people in Illinois who are going through a divorce may be sentimentally attached to their home and want to keep it after the separation. Others might want to retain the marital home because they think it will be better for their children to remain in a more stable environment. The first step is to find out the value of the home and how much equity each spouse has in it. It may also be important to consider what other fees and taxes each spouse may be responsible for paying.

What to do about social media during a divorce

For some unhappy spouses in Illinois, it might be tempting to vent about an upcoming divorce on social media. However, it is usually best to avoid divulging too much information. What a spouse posts on social media can be used against them in a divorce. In fact, a soon-to-be ex may want to consider increasing their privacy on social media accounts during a divorce and removing anyone from their friends list who is likely to be a troublemaker.

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