Illinois divorce lawyersDivorce is rarely an easy or simple decision. In fact, couples may spend months or years trying to determine if divorce is the correct path. If you are considering divorce but feel stuck in the decision-making process, the following considerations may help you decide if the marriage is worth salvaging, or if it may be better to let the relationship go. You will also learn some tips for navigating the pre-divorce process, including where to turn for help.

Should You Stay or Should You Go?

When deciding whether to fight for your marriage or let go, it can help if you consider whether what you are receiving from the marriage enough to make you stay. Perhaps the emotional connection is not what you want it to be, but you feel that the help from your spouse with family, responsibilities, and finances makes up for that. Or maybe your intimate life is just too important to overlook. In the end, only you can decide what is right for you.

Another thing to consider is if you will truly be any happier if the marriage ends. Some people may think it is their marriage causing the stress or unhappiness in their life, but it may be an internal or personal matter that they need to deal with, regardless of whether the marriage ends or not. Granted, in some situations, ending the marriage could be the first step in addressing those issues. For example, if you want to work on your health but your spouse is continuously sabotaging your efforts, it may help you move forward if you leave the relationship.

Do You Still Love Your Spouse?

Love is not always enough to make a relationship work, but it can complicate a divorce. So, before you file, consider whether you still love your spouse or not. Being honest with your emotions can help you prepare for the onslaught of grief and loss that may accompany the filing for divorce. It can also help you stay grounded when making decisions regarding assets and child-related matters because you are at least aware of your ability to overreact out of grief.

How Can You Reduce the Impact on Your Children?

If you have children, the one thing holding you back from moving forward could be fear over how your kids will handle the split. Perhaps considering how you can reduce the impact on them, before you file, can help put your mind at ease. Consider how you will talk to the kids about the divorce, how you will work through the difficulties of co-parenting, and how you can foster a healthy post-divorce family. Remember: at the end of everything, you and your spouse will still have to parent your child together.

Contact Our Wheaton Divorce Attorneys

Are you ready to move forward with a divorce? Contact Abear Law Offices for assistance. Our seasoned Wheaton divorce lawyers will not only protect your rights and best interests, but we will carefully examine your situation to help you determine what your options may be. Schedule your consultation by calling 630-904-3033 today.

Source:

https://www.nytimes.com/2017/05/18/fashion/weddings/11-questions-to-ask-before-getting-a-divorce.html

Posted in Divorce Tagged , , , ,

Wheaton divorce attorneysStudies show that retiring couples are divorcing at an unprecedented rate – one that has doubled in just the last couple of decades. In many ways, it could be considered a positive thing. It suggests aging couples are living longer and have more financial confidence than they once did, and that gives them the power to make decisions by looking at their quality of life. They do not have to feel pressured to maintain the status quo. However, there are still some important factors to consider before pursuing divorce. The following explains further.

Divorce and Retirement

Most couples plan for just one home and one set of bills. Divorce can disrupt this plan โ€“ sometimes drastically so. In fact, even the most comprehensive retirement plan can fall short of providing for both parties after a divorce. Some individuals may be able to delay their retirement and make up for the income they lose, but others may not be healthy enough to do so. The latter group may need to scale back their lifestyle to ensure financial stability during their golden years. Still, others may suffer from divorce-induced poverty. All these couples could benefit from careful divorce and retirement planning before moving forward.

Mitigating Against the Risks

There are numerous ways that couples can approach retirement and divorce. Some may choose to legally separate, rather than pursue a full divorce. Doing so may reduce the overall cost of separating but would still allow for provisions like alimony and allocation of any outstanding debts. However, there are some disadvantages to this route of separation. For example, retirement accounts can only be split in the event of a divorce, so spouses who are listed as beneficiaries would not have any rights to the account unless the owner passed away.

Another option would be to speak with an attorney and financial advisor about your marital estate. Doing so can give you an idea of how much your settlement might be, and it gives you the opportunity to determine if you need more time to handle debts or increase your savings.

Contact Our Wheaton Divorce Attorneys

At Abear Law Offices, we understand the unique challenges that retiring divorcees must face. Dedicated and experienced, we can protect your rights and help you adequately plan for your future. Schedule your consultation with our Wheaton divorce lawyers to learn more. Call 630-904-3033 today.

Source:

http://www.stltoday.com/business/local/older-couples-ponder-financial-impact-of-divorce/article_a469908e-5db2-5874-969b-f70d73db98d4.html

Posted in Divorce Finances Tagged , , , ,

Illinois divorce lawyerAre you going through a divorce? Do you suspect that your spouse may be hiding assets to get more than their fair share? You are not alone. In fact, research suggests that many Americans are guilty of hiding money from their spouses during the marriage. It stands to reason that they might continue hiding this money in divorce. Unfortunately, those hidden assets can leave one party disadvantaged, not just immediately after the divorce, but perhaps, for years to come. Learn how to minimize your risk and employ the following strategies and resources in your divorce case.

How Big is the Problem?

In 2011, the National Endowment examined the rate of financial infidelity (the hiding of assets or accounts) among couples with joint assets to determine just how common asset hiding was. The rate during that year fell at about 31 percent of all people surveyed. The study authors then repeated the analysis in 2014 and found that the rate of financial infidelity had risen to one-third of couples with joint assets. In other words, hidden assets are not just a major issue in America; they are a continuing and growing problem. Unfortunately, that can create a slew of issues in divorce โ€“ especially if the financially unfaithful spouse continues to hide marital funds.

Hidden Assets and Divorce

No one wants to believe that their spouse has been financially unfaithful, but realization that something is โ€œoffโ€ is often the first step to preventing the devastating impact that hidden assets can have on a disadvantaged spouse (i.e. a decrease of personal net worth and one-sided, divorce-induced poverty). Unfortunately, there are usually many more steps to follow.

Hidden assets can be difficult to track down, and are often cloaked in a sticky web of false identities, ghost assets, and even ghost owners or investors. Untangling this web can be an arduous task, to say the least, but the biggest risk is if the hiding spouse learns that someone is on their trail. Without notice, they could attempt to move or dissipate the funds before anyone finds them. In the worst of cases, the assets vanish as though they never even existed.

Tracking Down Hidden Assets

Often, it is the disadvantaged spouse that realizes something is wrong. Unfortunately, they do not always have the skills or resources needed to effectively track down the assets on their own. Instead, they may need the assistance of a forensic accountant, an attorney, and other professionals within the divorce and financial industries.

Knowledgeable and experienced, Abear Law Offices is an ally and advocate that you can trust. We understand the serious implications of hidden assets in divorce and we will fight to protect your financial future. Schedule your consultation with our Wheaton, IL divorce lawyer to learn how we can assist with your case. Call 630-904-3033 today.

Source:

http://www.cnbc.com/2014/02/07/more-spouses-are-cheating-financially-anyway.html?view=story&%24DEVICE%24=native-android-tablet

Posted in Divorce Finances Tagged , , , ,