Posted on April 20,2020 in Divorce

A recent survey found that 39% of people state that debt and other financial issues were a major factor that contributed to their divorce. It is no wonder that bankruptcy and divorce are so closely linked—not only can divorce itself often cost more money than many people expect, but the financial ramifications of the divorce are felt long after the proceedings are complete. From the division of marital debt to simply adjusting to living on a single income, life after divorce can get expensive. But that does not mean you have to file for bankruptcy. Here are some tips for keeping your finances in order after your marriage has ended:

6 Ways to Prevent Bankruptcy Following Divorce

While there are some things you can do to avoid bankruptcy that are common to just about any person, divorced or not, there are also some special things that you can do to protect yourself against bankruptcy when you are divorced. Some examples include:

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 Posted on April 10,2020 in Child Custody

When married parents get a divorce or unmarried parents are separated, arrangements for child custody will be put in place. A court-approved parenting plan will include decisions regarding parental responsibilities and parenting time. While parenting agreements are meant to protect a parent’s rights as a father or rights as a mother, there are some circumstances where a person’s parental rights may be involuntarily terminated. Illinois has extensive rules and guidelines in place to determine when the termination of parental rights is appropriate.

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 Posted on April 07,2020 in Divorce

During the divorce process, there is a step that lawyers from both sides will take referred to as “discovery.” This is a critical stage in divorce proceedings. The lawyers and judge alike can learn countless insights during discovery, and these facts will help determine what is fairest and most equitable in the divorce judgment. Here is some advice on what you should do if faced with discovery:

4 Tips for Successful Divorce Discovery

Discovery during a divorce is a pretrial process in which both parties will fully disclose information to each other regarding their income and property. During discovery, the parties are permitted to request information from the other side to bolster and support their case with accurate evidence. These discovery requests may include:

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 Posted on April 03,2020 in Child Custody

Governor Pritzker has extended the Illinois Stay-at-Home Executive Order through the end of April. This new state government guideline has required many Illinois residents to adjust to a “new normal” in terms of their daily activities. Such a major impact even might affect the terms of your child custody agreements. In some cases, you and your co-parent may agree to make temporary changes to ensure your family’s health and safety during the order, but in other cases, you might need to update your parenting agreement.

4 Ways the Stay-at-Home Order Could Alter Parenting Plans

If you are a divorced or unmarried parent, you might want to revisit your parenting plan in light of the Stay-at-Home Order. While your overall parental responsibilities will likely not be affected, you may need to make adjustments to parenting time schedules, or you might want to include changes that address other issues. Here are some reasons your parenting plan might need to be updated:

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 Posted on March 30,2020 in Divorce

After your marriage has ended, you will likely be ready to move on and begin again, and this may mean starting a new romantic relationship. However, you may not want to rush into introducing a new partner to your family after your divorce. Depending on your situation, your children might not have an easy time adjusting to this new person being in their lives. Before you make the decision to introduce your new partner to your family, consider the following:

Factors That Determine How Your Children Will React to a New Partner

Before you discuss your new relationship with your kids, you may want to think about the following so that you know what to expect:

1. The Ages of Your Children—Depending on a child’s age, he/she may react differently to a new partner. For instance, young children could connect with a new partner a lot easier than a teenager could, because the teenager might be fully aware of the difficulties that resulted in the divorce in the first place, leading them to harbor resentment and hold a preemptive grudge against the new partner. However, young children may also quickly become attached to the new partner, and if the relationship ends prematurely, they may be heartbroken.

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 Posted on March 27,2020 in Child Custody

There are plenty of legal challenges involved in getting a divorce while pregnant. However, those complications are not the only reasons to give careful thought to whether you want to end your marriage. You are likely to face a variety of emotional and psychological concerns, and you will want to weigh your options to determine the best choice for you and your family. Here is a closer look at some of the reasons you may choose to postpone or cancel divorce if you are pregnant:

Reasons Not to Divorce While Pregnant

While there are a wide variety of reasons you may believe that your marriage is beyond repair, it is often best to avoid hasty decisions, especially when you are about to experience a life-changing event upon the birth of your child. Here are some of the more significant and prevalent examples of why you should think long and hard before beginning the divorce process while you are pregnant:

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 Posted on March 20,2020 in Divorce

A divorce often results in a host of financial challenges. This is especially true when it comes to gray divorces. If you are getting a divorce while over the age of 50 or after retirement, you may experience significant difficulties due to the need to live on a fixed income with very little opportunity for income growth. However, there are some things you can do to live comfortably enough after your divorce, despite major changes to your finances.

What Should I Do if My Divorce Settlement Is Not Enough?

In many cases, a divorce settlement might not be enough to allow you to meet your living expenses after the divorce, or the resulting financial issues may not allow you to truly enjoy your retirement. In times like these, you might want to consider the following ways to increase your income:

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 Posted on March 18,2020 in Divorce

On Monday, March 16, 2020, the Dow Jones saw its worst point drop in history. The coronavirus continues to stir up a volatile market, causing gains from the last three years to disappear completely in a matter of weeks. Especially in cases of complex divorce, this could mean significant losses to you and your former spouse’s investment and retirement accounts, which are tied to these plummeting markets. To help alleviate losses, there are some strategies you should consider when drawing up your divorce decree and figuring out how to divvy up these accounts.

Planning Your Divorce Around a Volatile Stock Market

There is no way to predict the future, and there is certainly no way to know for sure what will happen in the stock market in the days, weeks, and years to come. While the common belief is that everything tends to stabilize over time, it is difficult to see this when faced with market nosedives like those taking place lately. Regardless, here are some tips to consider during divorce when deciding how you will safeguard your investments and retirement accounts against these market downturns:

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 Posted on March 16,2020 in Cohabitation

On March 11, the World Health Organization (WHO) declared that COVID-19, commonly referred to as the coronavirus, is enough of a global threat to humanity that it can now be classified as a “pandemic.” As more and more events with large gatherings are getting canceled or postponed, couples planning to tie the knot may be concerned. Here is why weddings are particularly susceptible to the coronavirus and what you might want to consider doing about it, including postponing it and choosing to work on your prenuptial agreement or cohabitation agreement instead.

Why Weddings Are Dangerous Due to the Coronavirus

Although most people have aimed their attention on the cancellation of major events and other public gatherings, including festivals like South by Southwest and Coachella, and sporting events like the NCAA March Madness Tournament, not enough focus has been placed on weddings. Weddings are particularly dangerous when it comes to the coronavirus because:

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 Posted on March 13,2020 in Divorce

It is difficult enough for your child to deal with his or her parents’ divorce, but adjusting to your new romantic partner can add additional stress. This can complicate things further and make the post-divorce transition more challenging for everyone involved. In these cases, it is a good idea to make plans for how you will help your children get acclimated to your new significant other. By keeping your children’s best interests in mind, you can help them accept your new partner and ensure that your family is prepared for success in the years to come.

Ways to Help Your Children Get Comfortable With Your New Partner

Your new partner will likely want to be a part of your kids’ lives and help you out with parenting duties where they can. You can help ease them into this new role in the following ways:

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