IL divorce lawyerDivorce is a stressful time for everyone involved. Emotions and tensions rise anytime anyone delves into the often uncomfortable, intimate details of their own personal life and finances, let alone a legal team. Additionally, the stakes of divorce are high, which increases defensive responses. When someone becomes defensive, they begin to behave in such a way as to better their potential outcome. In divorce, this often leads to concealed information, purposeful misrepresentation of a situation, and uncooperative third parties.

Find out how a subpoena can help uncover the truth you know is out there:

What Is a Subpoena?

In Latin, subpoena means, “under penalty.” In legal terms, a subpoena is a legal document that forces the participation of either your spouse or a neutral third party with evidence regarding your divorce. This document is issued only by an attorney or a clerk of court and must be served to all involved parties. If a party opts to ignore the order, they risk being held in contempt, which is punishable by civil fines and criminal charges.

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IL divorce lawyerAlthough social media has many redeeming qualities, social media seems to pick on everyone at some point. However, a favorite target appears to be the newcomers on the block, the Millennials. Also known as Generation Y, the term Millennials refers to anyone born anywhere from the early 1980s to the early 1990s. Regardless of the credibility of their social wrap sheet, there is one area that this generation seems to excel where other generations have failed; that is, they are decreasing the divorce rate.

Let us explore why:

A Dramatic Decrease

Each generation behaves markedly different than the preceding generation; the same is true in this circumstance. Americans under the age of 45 have found a unique way to oppose their parents: to stay married. Between the years of 2008 and 2016, America saw an 18% decline in divorce rates. Researcher and University of Maryland professor Philip Cohen went on to explain that even when all other influential factors, such as age, were removed the equation, this period still experienced a dramatic decline from the previous years.

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IL divorce lawyerPlanning a wedding is an intensely exciting time, during which every little detail brings you one step closer to saying “I do.” However, somewhere between the color scheme and the wedding march, it is important to remember that a marriage is the joining of two lives in their entirety. Not only will you be sharing a family and a home, but you will also be sharing in each others’ financial status, for better or for worse.

Although as we discussed in another blog that the divorce rate is dramatically decreasing, it is still the sobering reality of a significant portion of the population. Therefore, it is vital to protect yourself, and your dependents, from any financial fallout that may occur after a divorce. If the wedding has not happened, you still have time to complete a prenuptial agreement. If, however, you are already solidly into the marriage and the honeymoon phase is long-past, do not fret; a postnuptial agreement is available.

The Basics

Both a prenuptial agreement and postnuptial agreements are legal documents that specify what happens, should the marriage come to an end. The sole difference between the two is, the prenuptial is signed before the wedding begins, while postnuptial begins after entering into the union. The primary focus of either agreement is the financial outcome, such as the division of property and debt, but since the spouses create these arrangements with the assistance of a skilled attorney, they can include or exclude anything a party wishes to be made clear. Some spouses even go so far as to explain the outcome, should there be infidelity during the marriage. Most couples include information regarding:

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DuPage County divorce attorneyGetting a divorce can wreak havoc on many areas of your life, but your finances can take an especially hard hit. When you are married, your accounts, loans and bills are all typically in both you and your spouse’s name, but that can be disastrous, especially if your divorce is particularly contentious. 

After your divorce, you have to separate your finances from your spouse, but it is not uncommon for people to come out of a divorce with quite a bit of debt and some damaged credit. Without good credit, it can be difficult for you to get loans in your name or obtain housing, among other things. Here are a few things you can do to return your credit back to a healthy state after your divorce:

Live Within Your Means

Now that you are separating your finances from your spouse’s, you need to look at your expenses and income and determine whether you are making enough to live. You should create a budget that outlines all of your necessary monthly expenses, your optional monthly expenses and money for spending. Keeping a good credit score is mostly dependant on paying your bills on time and keeping your debt low. Living within your new means will help.

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Hinsdale divorce lawyerMany people think that divorce only affects children when they are young and still living at home. In reality, it is difficult for children of any age to hear that their parents are getting a divorce. Adult children whose parents are getting a divorce also feel a sense of loss and sadness. 

Typically those who have adult children have been married for years, and these kinds of divorces can be the most difficult because they have more history. It is important to remember that your children -- even if they are adults -- also need the love and support that would be given to younger children. Here are a few ways you can help your adult children deal with a divorce:

Wait until the Whole Family Is Together

Timing is everything and telling your adult children about your divorce is no exception to the rule. It is usually advisable to tell all children at the same time about the divorce. Schedule a family gathering during a time that works for everyone to break the news. The last thing you want is for one child to hear about the news from another child.

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