You can tell that a divorce is inevitable because of the way you and your spouse feel about one another. Maybe there's been infidelity. Perhaps you've grown apart over time. Whatever the reason, it's natural to want to start planning for your future without your spouse. Don't get ahead of yourself by making major financial mistakes as you head for divorce court.
There are a lot of factors that impact how assets get divided during a divorce. The kind of divorce you're seeking, whether or not there is a prenuptial agreement on record and even custody of your children, can have an impact on who gets what. The courts in Illinois strive to fairly divide all marital property between both spouses during a divorce.
Now that you are starting to take the first steps to move forward with divorce, do you expect the judge to include spousal support as part of the divorce decree? A Cook County judge is going to examine certain factors in making an alimony determination. For example, the court might examine the property each of you will walk away with when the divorce is final, your earning capabilities, the length of your marriage, and even your health and mental condition.
Deciding to end your marriage is the first decision you will make in what is usually a very stressful and complex process. This is especially true when you have a substantial amount of assets to divide. On top of determining whether to sell your primary residence in Orland Park or keep it, you and your wife will have to negotiate over the retirement and investment accounts, your vacation home, and everything down to the living room furniture.
Going through a divorce is a big event in your life, but your children are also impacted by this decision. You have to think carefully about the decisions you make regarding your children because the child custody solutions you find now can impact your children for a long time to come.
A divorce may appear simple on the surface, but there are many things to think about before you go before a judge or finalize your divorce. While there are many people who claim you can file for a divorce online or that it's better to avoid working with an attorney due to expense, that's simply not true.